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For Companies At a Glance
- Tasks: Support scaling efforts and drive growth for our Exchange platform.
- Company: InsurX is revolutionising the insurance industry with innovative technology.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and collaboration.
- Why this job: Be part of a mission to transform insurance and make a real impact.
- Qualifications: 3+ years in financial services, preferably fintech; strong communication skills required.
- Other info: Join a diverse team united by curiosity and a passion for change.
The predicted salary is between 28800 - 42000 £ per year.
About The Company
InsurX are on a mission to build the technology that connects any broker and any insurer so they can exchange risk without friction. After our first partners signed up in late 2022, 27 broking houses and 22 insurers have now traded over $150m in premium using our technology. We’re targeting $1B of premium traded using our technology by the end of 2027. The insurance market is ripe for change and rapidly digitalizing – this isn’t just our opinion, it’s the market’s consensus. The insurance industry is like investment banking in the late ‘70s: it’s about to go through its own “Big Bang”. InsurX is leading the charge. We’re making a success of it by assembling a stellar team of diverse talent, uniting technology expertise with deep knowledge of the insurance business. Our team is united by intellectual curiosity and a determination to change insurance for the better.
The Role
We’re looking for a Commercial Associate to support our scaling efforts. Our ideal Commercial Associate will work across all of our customers and drive incremental growth to our Exchange platform.
Responsibilities
- Identify & deliver additional value to our customers: identify, map, and prioritise key customers within the corporate & specialty insurance market.
- Ensure compliance with rules efficiently: take responsibility for drafting “delegated authority contracts” (our contracts with our insurer customers which allow us to transact on their behalf).
- Grow our business: conduct research and develop your network to understand market dynamics to build a well-structured funnel of prospective customers.
- Take ownership of our marketing material and pitch decks: help create impactful and consistent brand collateral to deliver InsurX’s message to all stakeholders and customers.
- Manage details: challenge objectives, ensure the Commercial team sticks to agreed objectives, and decide which metrics to monitor.
- Target growth efforts: work with our Data team to analyse data from our Markets Insights platform.
- Lead new broker or insurer launches on our Exchange, working effectively across InsurX teams.
- Communicate effectively: develop good working relationships with all brokers and insurers trading through our Exchange platform.
About You
- 3+ years of experience in financial services, ideally in a fintech environment.
- Proven ability to deliver results when working across multiple teams with tight deadlines & high expectations.
- Effective prioritisation skills.
- Excellent written and oral communication skills.
- Experience in presenting to senior level executives is ideal.
- Ability to identify challenges, propose and deliver solutions for customers.
Seniority level: Entry level
Employment type: Full-time
Job function: Sales and Management
Industries: Insurance
Commercial Associate employer: InsurX
Contact Detail:
InsurX Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Associate
✨Tip Number 1
Familiarise yourself with the latest trends in the fintech and insurance sectors. Understanding the market dynamics will not only help you during interviews but also demonstrate your genuine interest in InsurX's mission.
✨Tip Number 2
Network with professionals in the insurance and fintech industries. Attend relevant events or webinars to connect with potential colleagues and gain insights that could be beneficial for your role as a Commercial Associate.
✨Tip Number 3
Prepare to discuss how you can add value to InsurX's Exchange platform. Think about specific strategies or ideas you could implement to drive growth and improve customer engagement, as this aligns closely with the responsibilities of the role.
✨Tip Number 4
Brush up on your data analysis skills. Since the role involves working with the Data team to understand market trends, being able to interpret data effectively will set you apart from other candidates.
We think you need these skills to ace Commercial Associate
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Commercial Associate at InsurX. Tailor your application to highlight relevant experiences that demonstrate your ability to identify customer needs and deliver value.
Highlight Relevant Experience: Emphasise your experience in financial services or fintech environments. Provide specific examples of how you've successfully worked across teams, managed tight deadlines, and delivered results, as these are key aspects of the role.
Showcase Communication Skills: Since excellent written and oral communication skills are crucial for this position, ensure your CV and cover letter reflect your ability to communicate effectively. Mention any experience presenting to senior executives or working with diverse stakeholders.
Tailor Your Application: Customise your CV and cover letter for InsurX by using keywords from the job description. This shows that you have done your homework and are genuinely interested in the role. Make sure to address how you can contribute to their mission of transforming the insurance market.
How to prepare for a job interview at InsurX
✨Understand the Company and Its Mission
Before your interview, take some time to research InsurX and its mission to revolutionise the insurance industry. Familiarise yourself with their technology and recent achievements, such as the $150m in premium traded. This will show your genuine interest and help you align your answers with their goals.
✨Demonstrate Your Financial Services Experience
With a requirement of 3+ years in financial services, be prepared to discuss specific examples from your past roles that highlight your ability to deliver results under tight deadlines. Use metrics and outcomes to illustrate your impact, especially in a fintech environment.
✨Showcase Your Communication Skills
As the role involves effective communication with brokers and insurers, practice articulating your thoughts clearly and confidently. Prepare to discuss how you've successfully presented to senior executives in the past, as this will be crucial for building relationships in the role.
✨Prepare for Problem-Solving Scenarios
Expect questions that assess your ability to identify challenges and propose solutions. Think of examples where you've navigated complex situations or improved processes. This will demonstrate your proactive approach and problem-solving skills, which are essential for the Commercial Associate position.
