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- Tasks: Generate and secure new commercial business opportunities in the insurance sector.
- Company: Join a leading insurance business with a diverse range of products and services.
- Benefits: Enjoy comprehensive training, 25 days' holiday, free parking, and a supportive work environment.
- Why this job: Be part of a dynamic team driving growth and building long-term client relationships.
- Qualifications: Proven experience in commercial insurance sales and strong negotiation skills required.
- Other info: Support towards CII qualifications and a friendly workplace culture.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a leading Insurance Business offering a wide range of products and services are looking for an experienced Commercial New Business Executive to join their team.
As Commercial New Business Executive, you will be responsible for generating and securing new Commercial business opportunities and play a key role in delivering the company\’s sales strategy and driving growth.
The ideal candidate will experience in a New Business role, with a proven track record of converting new business, handling renewals and building long standing relationships within the Insurance industry.
What you will do as New Business Executive:
- Deliver personal sales targets by identifying, prospecting, and securing new Commercial clients
- Drive growth in key commercial sectors including Motor Trade, Manufacturing Building and Allied Trades, Property Owners, Retail, Wholesalers and Fleet
- Develop and execute sales strategies using market research, sector knowledge, and competitor insights to identify and convert opportunities
- Build and maintain strong, long-term client relationships, delivering tailored insurance solutions
- Identify opportunities to introduce and refer the business\’s wider proposition, including Financial Services, Risk Management Services and Health & Safety Consultancy
- Maintain up-to-date knowledge of insurance products, regulatory changes, market trends, and sales techniques
What they need a New Business Executive to have:
- Proven track record of successful Commercial insurance sales
- Experience managing high value cases
- Strong interpersonal and negotiation skills
- Ability to consistently deliver against targets
What they offer:
- Comprehensive training and development, including technical knowledge and sales skills
- Support towards CII qualifications
- A supportive and friendly working environment
- 25 days\’ holiday plus bank holidays
- Free parking
- Company pension scheme
If you think you have the relevant skills and experience required to be a great match for this role, send your CV through today or contact the office to discuss in more detail.
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Commercial New Business Account Executive employer: Employment Specialists Ltd
Contact Detail:
Employment Specialists Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial New Business Account Executive
✨Tip Number 1
Network within the insurance industry by attending relevant events and conferences. This will help you meet potential clients and industry peers, giving you an edge in understanding market trends and client needs.
✨Tip Number 2
Research the key commercial sectors mentioned in the job description, such as Motor Trade and Property Owners. Familiarising yourself with these industries will allow you to tailor your approach and demonstrate your knowledge during interviews.
✨Tip Number 3
Practice your negotiation skills through role-playing scenarios with friends or colleagues. Being able to effectively negotiate can set you apart from other candidates and show your readiness for the role.
✨Tip Number 4
Stay updated on the latest regulatory changes and market trends in the insurance sector. This knowledge will not only boost your confidence but also impress potential employers with your commitment to the industry.
We think you need these skills to ace Commercial New Business Account Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in commercial insurance sales. Include specific achievements, such as targets met or exceeded, and any relevant qualifications that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the insurance industry and your ability to generate new business. Mention your track record in converting leads and building client relationships, as these are key aspects of the role.
Highlight Relevant Skills: In your application, emphasise your interpersonal and negotiation skills. Provide examples of how you've successfully managed high-value cases and delivered against sales targets in previous roles.
Show Industry Knowledge: Demonstrate your knowledge of current market trends and regulatory changes in the insurance sector. This will show the employer that you are proactive and well-informed, which is crucial for a New Business Executive.
How to prepare for a job interview at Employment Specialists Ltd
✨Know Your Products Inside Out
Make sure you have a solid understanding of the insurance products offered by the company. Be prepared to discuss how these products can meet the needs of potential clients and how they compare to competitors.
✨Demonstrate Your Sales Success
Come ready to share specific examples of your past successes in generating new business. Highlight your track record in converting leads and managing high-value cases, as this will show your capability to deliver results.
✨Build Rapport with Interviewers
Strong interpersonal skills are crucial for this role. During the interview, focus on building a connection with your interviewers. Show enthusiasm and confidence, and be personable to demonstrate that you can build long-term relationships with clients.
✨Prepare Questions About Growth Strategies
Show your interest in the company's future by preparing insightful questions about their sales strategies and growth plans. This not only demonstrates your knowledge of the industry but also your eagerness to contribute to their success.
