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- Tasks: Manage client accounts, handle renewals, and negotiate insurance coverage.
- Company: Reputable Independent Lloyd's Broker with a friendly and supportive culture.
- Benefits: Competitive salary, comprehensive benefits, and career growth opportunities.
- Why this job: Join a rapidly expanding team and make a real impact in the insurance industry.
- Qualifications: Experience in Finpro or D&O Accounts and strong client relationship skills.
- Other info: Dynamic environment with a diverse team and excellent support from leadership.
The predicted salary is between 65000 - 65000 £ per year.
Your new Independent Lloyd's are a reputable broker headquartered within the London Insurance Market with national and global reach. They pride themselves on providing a dedicated service to their clients and provide a friendly and welcoming atmosphere for their staff. Due to recent growth and the development of a UK PROFIN retail arm, your Lloyd's Broking House now has a diverse team and are operating with business partners stretching out to over 70 countries. Due to such substantial growth, a permanent job Account Executive is now needed to handle, grow and develop the UK Profin Accounts alongside two Senior Directors.
You will be responsible for a full client management role, from handling renewals, dealing with new business enquiries, quoting via Syndicates and Insurers and producing all relevant MRC Slips, Quote sheets and technical documentation. You will be helping the Retail Finpro division to expand through managing accounts and analysing/providing advice on risk and insurance issues and structuring appropriate coverage. You will be required to negotiate and obtain the most appropriate carrier, coverage and price, meeting the client's demands. You will also be responsible for producing market presentations in order to secure the best possible terms for the client, with full material disclosure for the clients' requirements. As well as being able to negotiate agreement to post-placement changes through contract endorsements. Your strong knowledge of either UK Retail Profin Accounts or UK Commercial D&O risks will enable you to provide clients with the best possible cover. You will ideally have had exposure to winning or upselling new business accounts/new business risks for UK PROFIN clients.
Your previous experience working within a SME or Mid-Tier Lloyd's Broking House working on Finpro or D&O Accounts for Retail clients in a similar role as an Account Executive will lead to your success. You will be technically minded being able to produce various technical documentation as well as being tenacious when it comes to client servicing and winning accounts. Your friendly and confident nature will allow you to adapt well into a diverse team, whilst building and maintaining strong client relationships. The division is new and growing so you will need to be flexible, adaptable and help the team with the overwhelming workload. You must have solid Insurance experience working on Finpro and Commercial D&O Accounts.
You’ll be offered a competitive salary of c.65K, plus a comprehensive benefits package. You’ll receive support from both Directors and Managers with opportunity for growth and career progression. You’ll enjoy working for a rapidly expanding Independent Lloyd's Broker and being part of a hardworking, ambitious team. Your new team are full of like-minded individuals willing to support you.
Profin Account Executive in London employer: Hays Specialist Recruitment Limited
Contact Detail:
Hays Specialist Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Profin Account Executive in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with Lloyd's Brokers. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to client management and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate!
✨Tip Number 3
Practice your negotiation skills! Since this role involves negotiating coverage and prices, being able to demonstrate your ability to handle tough conversations will set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Profin Account Executive in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Profin Account Executive role. Highlight your experience with UK Retail Profin Accounts or D&O risks, and don’t forget to showcase your client management skills. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your previous successes in winning new business accounts and how you can help us grow our UK PROFIN retail arm.
Showcase Your Technical Skills: Since the role involves producing technical documentation, make sure to highlight your ability to create MRC Slips, Quote sheets, and other relevant documents. We’re looking for someone who’s technically minded and can hit the ground running!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. We can’t wait to hear from you!
How to prepare for a job interview at Hays Specialist Recruitment Limited
✨Know Your Stuff
Make sure you brush up on your knowledge of UK Retail Profin Accounts and Commercial D&O risks. Be ready to discuss specific examples from your past experience that demonstrate your expertise in these areas. This will show the interviewers that you’re not just familiar with the terms, but you can also apply them effectively.
✨Showcase Your Client Management Skills
Prepare to talk about your previous client management experiences. Think of instances where you successfully handled renewals or negotiated terms that benefited both the client and the company. Highlight your ability to build strong relationships and how you’ve adapted to meet client needs in a fast-paced environment.
✨Be Ready for Technical Questions
Since the role involves producing technical documentation, be prepared to answer questions related to MRC Slips, Quote sheets, and other relevant materials. You might even want to bring examples of your work to discuss during the interview. This will demonstrate your hands-on experience and attention to detail.
✨Emphasise Your Team Spirit
Given that the division is new and growing, it’s important to convey your flexibility and adaptability. Share examples of how you’ve worked collaboratively in diverse teams and how you’ve contributed to overcoming challenges. This will reassure the interviewers that you’re a team player who can thrive in a dynamic environment.