At a Glance
- Tasks: Manage client accounts, handle renewals, and negotiate insurance coverage.
- Company: Reputable Independent Lloyd’s Broker with a friendly atmosphere.
- Benefits: Competitive salary, comprehensive benefits, and career growth opportunities.
- Other info: Dynamic environment with support from experienced Directors and Managers.
- 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.
The predicted salary is between 31500 - 38500 £ per year.
Your new company
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 and have 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.
Your new role
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 structure 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 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.
What you’ll need to succeed
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.
What you’ll get in return
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
Join a vibrant secondary school that prioritises excellence in education and fosters a supportive community for both students and staff. As the Head of Mathematics, you will benefit from a competitive salary, ongoing professional development opportunities, and a collaborative work culture that encourages innovation and growth. This role not only allows you to lead a dedicated team but also to make a significant impact on student achievement in a welcoming environment.
StudySmarter Expert Advice🤫
We think this is how you could land Profin Account Executive in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Hays). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Hays. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Profin Account Executive in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Hays.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hays. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Hays
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hays to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Hays, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Hays's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
