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For Companies At a Glance
- Tasks: Generate and secure new business opportunities in commercial insurance.
- Company: Join a growing agency focused on sustainable and profitable growth.
- Benefits: Enjoy a dynamic work environment with opportunities for professional development.
- Why this job: Be part of a team driving sector growth while building strong client relationships.
- Qualifications: Proven track record in commercial insurance sales and strong negotiation skills required.
- Other info: Interviews available immediately for eager candidates.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Our client is looking for an experienced commercial insurance individual to join the growing team.
About the role:
The Commercial New Business Executive will be responsible for generating and securing new business opportunities in the commercial space, the successful candidate will play a key part in delivering the agency’s sales strategy and sector development, helping to drive sustainable and profitable growth the companies strategic objectives.
Key Responsibilities
• New Business Development by delivering personal sales targets by identifying, prospecting, and securing new commercial clients
• Sector Focus- growth in key commercial sectors including:
- Motor Trade
- Manufacturing
- Building and Allied Trades
- Property Owners
- Retail
- Wholesalers
- Fleet
- Sales Planning & execute sales strategies using relevant market research, sector knowledge, and competitor insight to identify and convert opportunities.
- Client Relationship Management by building and maintain strong, long-term client relationships, delivering tailored insurance solutions that meet clients’ needs and exceed expectations.
- Cross-Selling to proactively identify opportunities to introduce and refer the businesses wider proposition, including:
- Financial Services (Protection, Pensions & Investments)
- Risk Management Services
- Health & Safety Consultancy
- Compliance & Quality – Operate at all times within the compliance, conduct and regulatory framework . Maintain high standards of advice and ensure documentation and processes are always audit-ready.
- Development & Learning- Take responsibility for maintaining up-to-date knowledge of insurance products, regulatory changes, market trends and sales skills.
Essential Skills & Experience
• Proven track record of successful commercial insurance sales
• Experience dealing with mid to high premium cases
• Strong interpersonal and negotiation skills
• Ability to deliver against targets
• Commercial awareness and understanding of client needs across relevant sectors
• Professional, organised and customer-focused approach
• Commitment to compliance and delivering good customer outcomes
Interviews available immediately
New Business Executive employer: Coast Specialist Recruitment
Contact Detail:
Coast Specialist Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land New Business Executive
✨Tip Number 1
Network within the commercial insurance sector to build relationships with potential clients and industry professionals. Attend relevant events, webinars, or local meetups to connect with others and showcase your expertise.
✨Tip Number 2
Research the key commercial sectors mentioned in the job description, such as Motor Trade and Manufacturing. Understanding the specific needs and challenges of these sectors will help you tailor your approach when engaging with potential clients.
✨Tip Number 3
Prepare to discuss your previous successes in commercial insurance sales during the interview. Be ready to share specific examples of how you've met or exceeded targets, as this will demonstrate your capability to deliver results.
✨Tip Number 4
Stay updated on the latest trends and regulatory changes in the insurance industry. This knowledge will not only enhance your credibility but also enable you to provide informed advice to clients, setting you apart from other candidates.
We think you need these skills to ace New Business Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in commercial insurance sales. Focus on your achievements, particularly in generating new business and meeting sales targets, as these are crucial for the New Business Executive role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the commercial insurance sector. Mention specific sectors you have experience in, such as Motor Trade or Retail, and explain how your skills align with the company's objectives.
Highlight Relevant Skills: Emphasise your interpersonal and negotiation skills in your application. Provide examples of how you've built strong client relationships and delivered tailored solutions to meet client needs.
Showcase Continuous Learning: Mention any recent training or certifications related to insurance products or regulatory changes. This demonstrates your commitment to staying updated and your proactive approach to professional development.
How to prepare for a job interview at Coast Specialist Recruitment
✨Know Your Commercial Insurance
Make sure you brush up on your knowledge of commercial insurance products and market trends. Being able to discuss specific products and how they meet client needs will show your expertise and commitment to the role.
✨Demonstrate Your Sales Success
Prepare to share concrete examples of your past sales achievements, particularly in commercial insurance. Highlight how you identified opportunities, secured clients, and met or exceeded targets to showcase your ability to deliver results.
✨Build Rapport with Interviewers
Since this role involves client relationship management, it's crucial to demonstrate strong interpersonal skills during the interview. Engage with your interviewers, listen actively, and respond thoughtfully to build a connection.
✨Showcase Your Sector Knowledge
Familiarise yourself with the key sectors mentioned in the job description, such as Motor Trade and Manufacturing. Be ready to discuss how your understanding of these sectors can help drive business growth and meet client needs.
