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- Tasks: Drive new business by converting leads and building relationships with brokers.
- Company: Join a dynamic underwriter focused on growth in the insurance sector.
- Benefits: Enjoy a competitive salary and a comprehensive benefits package.
- Why this job: Be part of an exciting growth phase and make a real impact in the industry.
- Qualifications: Proven track record in business development and excellent communication skills required.
- Other info: This is a permanent position based in London, offering a chance to excel in your career.
The predicted salary is between 34000 - 51000 £ per year.
Business Development Executive – Insurance
Date: 3 Apr 2023
Sector: INSURANCE
Type: Permanent
Location: London
Salary: £40,000 – 45,000 per annum
Email:
Ref: BT954
A fantastic opportunity to join this underwriter as a Business Development Executive at a very exciting time as they continue to accelerate their growth plans.
As a New Business Account Executive focusing on professional indemnity and other financial lines, you will play a key role in identifying and converting leads into new business opportunities and cultivating relationships and leads from brokers. The company offers a highly competitive benefits package.
Duties
- Following up on leads and identifying client needs
- Representing the company in discussions with clients and providing solutions to their needs
- Explaining coverage benefits and details to clients
- Sending regular emails to the client database
- Cold calling businesses to generate new leads
- Liaising with various departments within the company to ensure smooth client interactions
- Contacting brokers and managing relationships to drive quality business inquiries
The successful candidate will have a proven track record of winning new business and be driven to hit targets month on month. You should be confident presenting to clients and speaking to key shareholders of businesses. Excellent verbal and written communication skills and the ability to empathize with client needs are essential. You should also be highly organized, meticulous, and able to multitask.
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Business Development Executive – Insurance. employer: Taylor James Resourcing
Contact Detail:
Taylor James Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Executive – Insurance.
✨Tip Number 1
Familiarize yourself with the insurance industry, especially professional indemnity and financial lines. Understanding the nuances of these areas will help you engage more effectively with potential clients and brokers.
✨Tip Number 2
Network actively within the insurance sector. Attend industry events or webinars to meet brokers and other professionals. Building relationships in advance can give you a head start when you start reaching out for leads.
✨Tip Number 3
Practice your presentation skills. Since you'll be presenting to clients and key stakeholders, being able to communicate clearly and confidently is crucial. Consider mock presentations to refine your approach.
✨Tip Number 4
Stay organized and develop a follow-up strategy for leads. Keeping track of your interactions and knowing when to follow up can significantly increase your chances of converting leads into business opportunities.
We think you need these skills to ace Business Development Executive – Insurance.
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Business Development Executive position. Understand the key responsibilities and required skills, especially focusing on client interaction and lead generation.
Tailor Your CV: Customize your CV to highlight relevant experience in business development and insurance. Emphasize any previous roles where you successfully generated leads or managed client relationships.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance sector and your proven track record in business development. Mention specific achievements that demonstrate your ability to meet targets and build relationships.
Highlight Communication Skills: Since excellent verbal and written communication skills are essential for this role, provide examples in your application that illustrate your ability to communicate effectively with clients and stakeholders.
How to prepare for a job interview at Taylor James Resourcing
✨Know Your Numbers
Be prepared to discuss your previous sales achievements and how you met or exceeded targets. Highlight specific examples of new business you’ve won and the strategies you used to achieve those results.
✨Understand the Insurance Landscape
Familiarize yourself with the current trends in the insurance industry, especially in professional indemnity and financial lines. This knowledge will help you engage in meaningful discussions and demonstrate your expertise.
✨Showcase Your Communication Skills
Since excellent verbal and written communication skills are essential for this role, practice articulating your thoughts clearly. Be ready to explain complex insurance concepts in a way that clients can easily understand.
✨Build Rapport with Brokers
Prepare to discuss how you would approach building relationships with brokers. Share your strategies for maintaining these relationships and how you would ensure smooth interactions between clients and various departments.
