At a Glance
- Tasks: Drive new business and manage client relationships in commercial insurance.
- Company: Dynamic insurance firm with a meritocratic culture and supportive team.
- Benefits: Negotiable salary, bonuses, flexible benefits, and professional development support.
- Other info: Diverse workplace with excellent career growth and stability.
- Why this job: Join a leading team and make a real impact in the insurance industry.
- Qualifications: 3+ years in commercial insurance and strong client management skills.
The predicted salary is between 30000 - 40000 £ per year.
Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
We are currently looking for an experienced Commercial Insurance Account Executive to join our professional and welcoming team at our Newbury office. This role requires a good understanding of client business operations, opportunities, risks and their approach to risk management and insurance. In addition, you will need proven experience in the offer and presentation of complex commercial insurances to secure renewal or new business elements to a client’s programme. Relationship management and client service techniques are key to this role. Annual targets revolve around maintaining and achieving income growth on the account via the expansion of your client portfolio and from any new business.
The Day To Day:
- Achieve new business & renewal targets
- Engage with marketing strategy and promptly act on leads
- Develop introducer relationships
- Generate own leads and effectively manage new business pipeline
- Generate cross selling leads for other departments according to target
- Manage ongoing relationships with existing clients ensuring high levels of customer service are provided
- Look to expand account by identifying additional sales opportunities with existing clients
- Attend client visits and complete relevant fact-finding documents in respect of new business
- Review last year’s documentation or client register along with current fact-find documentation with the client, updating facts, figures and requirements
- Review demands and needs of clients and advise on the most appropriate insurances to meet these
- Prepare broking notes for new business cases and work with AH to update renewal notes
- Agree broking strategy with broking support and assist in the process where needed
- Review the broking exercise and complete final negotiations with underwriters when needed
- Produce closing instruction in line with company procedures and pass to AH for processing
What’s On Offer:
- A negotiable basic salary + all the normal benefits (25 days holiday + Bank Holidays, Pension, Death in Service etc.)
- Access to both Flexible benefits and our annual share save scheme (15% discount on BRO shares post probation)
- Full support for your professional development (including fully funded qualifications)
Your Experience:
- Requirement of at least 3+ years commercial insurance experience in broking
- Ability to handle new business enquiries, renewals and midterm adjustments of various insurance policies
- Good understanding of commercial insurance products and options
- Acturis insurance broking software knowledge is an advantage
- Commitment to progress towards Cert CII
- Possession of a full driving licence
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
Account Executive in Newbury employer: Brown & Brown UK
Brown & Brown UK is an excellent employer, offering a supportive and dynamic work environment in Borehamwood where you can thrive as a Client Onboarding & Conversion Coordinator. With benefits such as 23 days of holiday, life assurance, and private health care, the company prioritises employee well-being and growth, making it an attractive place for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Account Executive in Newbury
✨Tip Number 1
Network like a pro! Get out there and connect with people in the insurance industry. Attend events, join online forums, or even reach out to folks on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Practice your pitch! You’ll want to be able to clearly articulate your experience and how it aligns with the role of an Account Executive. Role-play with a friend or record yourself to refine your delivery and boost your confidence.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great chance to reiterate why you’re the perfect fit for their team.
✨Tip Number 4
Don’t forget to apply through our website! We love seeing applications directly from candidates who are excited about joining us. It shows initiative and gives you a better chance of standing out in the crowd.
We think you need these skills to ace Account Executive in Newbury
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your commercial insurance experience and any relevant achievements to show us you're the right fit for the Account Executive role.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you're passionate about this role and how your background aligns with our company culture. Be genuine and let your personality come through!
Showcase Your Relationship Management Skills:Since relationship management is key for this position, make sure to include examples of how you've successfully built and maintained client relationships in your application. We want to see your client service techniques in action!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates during the process!
How to prepare for a job interview at Brown & Brown UK
✨Know Your Stuff
Make sure you brush up on your knowledge of commercial insurance products and the specific needs of clients in various sectors. Being able to discuss how you can meet their demands will show that you're not just a candidate, but a potential partner in their success.
✨Showcase Your Relationship Skills
Since relationship management is key for this role, prepare examples of how you've successfully built and maintained client relationships in the past. Think about specific situations where your approach led to positive outcomes, and be ready to share these stories.
✨Prepare for the Numbers Game
Be ready to discuss your past performance in terms of achieving new business and renewal targets. Bring along any relevant metrics or achievements that demonstrate your ability to grow a client portfolio and drive income growth.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's client service model and future growth plans. This shows that you're genuinely interested in the role and helps you assess if the company aligns with your career goals.
