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For Companies At a Glance
- Tasks: Handle client accounts, prepare propositions, and negotiate with insurers.
- Company: Join a leading boutique insurance broker in the UK market.
- Benefits: Enjoy a competitive salary, flexible working, and a permanent contract.
- Why this job: Be part of a collaborative team where your ideas matter and make a real impact.
- Qualifications: Minimum 2 years of commercial broking experience and strong client service skills.
- Other info: Work 4 days in Farringdon and 1 day from home.
The predicted salary is between 36000 - 60000 £ per year.
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Summary
An exciting opportunity to join a small, boutique insurance broker who are the UK market leaders in their niche area. As an Account Executive, you will have the opportunity to handle the placement and servicing of a designated portfolio of client accounts with an emphasis on outstanding service delivery.
This role will suit someone who enjoys working for a small business and collaborating closely with colleagues to achieve shared goals. The role can be moulded to appeal to applicants with a minimum of 2 year\’s commercial broking experience all the way through to someone with 30+ years of market knowledge.
Account Executive / Broker
Overview
* Prepare new business propositions, arrange renewals and organise mid-term adjustments.
* Analyse risk profiles and identify cover that is Fit for Purpose.
* Create client presentations and provide explanation of quotations.
* Prepare underwriter presentations.
* Lead negotiations with insurer markets and secure favourable terms.
* Provide guidance and advice to new and existing clients.
* Work with the accounting team to ensure premium collections.
* Ensure all internal systems are updated.
What you need to show
* Solid experience within UK commercial business insurance
* Established relationships with insurers
* Client service driven work ethos
* Resourceful / Diligent / Adaptable
What is on offer
* Permanent contract
* Salary to £50,000
* Flexible Working – 4 days in the Farringdon office and 1 days working from home.
* Join a business that has carved out a specialist niche in the UK insurance market and are recognised as the go-to broker in that industry sector.
* Be part of a team where your ideas and expertise will be recognised and you can make a positive impact
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Commercial Insurance Broker employer: MW Appointments
Contact Detail:
MW Appointments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Insurance Broker
✨Tip Number 1
Network with professionals in the commercial insurance sector. Attend industry events or join relevant online forums to connect with potential colleagues and clients. Building relationships can give you insights into the company culture and help you stand out.
✨Tip Number 2
Research the boutique insurance broker's niche area thoroughly. Understanding their unique selling points and market position will allow you to tailor your conversations and demonstrate your genuine interest during interviews.
✨Tip Number 3
Prepare to discuss your experience with client service and how you've successfully managed accounts in the past. Be ready to share specific examples that highlight your ability to deliver outstanding service, as this is a key aspect of the role.
✨Tip Number 4
Familiarise yourself with the latest trends and challenges in the UK commercial insurance market. Being knowledgeable about current issues will not only impress your interviewers but also show that you're proactive and engaged in your field.
We think you need these skills to ace Commercial Insurance Broker
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in commercial insurance broking. Emphasise any established relationships with insurers and your client service-driven work ethos.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific experiences that demonstrate your ability to handle client accounts and negotiate with insurers.
Highlight Relevant Skills: In your application, clearly outline skills such as risk analysis, negotiation, and client presentation. These are crucial for the Account Executive role and will set you apart from other candidates.
Showcase Your Adaptability: Since the role can be moulded to suit various levels of experience, highlight your adaptability and willingness to collaborate closely with colleagues to achieve shared goals.
How to prepare for a job interview at MW Appointments
✨Showcase Your Industry Knowledge
Make sure to brush up on your knowledge of the UK commercial insurance market. Be prepared to discuss recent trends, challenges, and opportunities in the sector, as this will demonstrate your commitment and understanding of the role.
✨Highlight Client Service Experience
Since the role emphasises outstanding service delivery, be ready to share specific examples of how you've successfully managed client relationships in the past. This could include how you handled difficult situations or went above and beyond for a client.
✨Prepare for Negotiation Scenarios
Given that the position involves leading negotiations with insurers, think of scenarios where you've successfully negotiated terms or resolved conflicts. Practising these examples will help you articulate your approach during the interview.
✨Demonstrate Team Collaboration Skills
As the company values collaboration, be prepared to discuss how you've worked effectively within a team. Share instances where your contributions helped achieve shared goals, showcasing your adaptability and resourcefulness.
