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- Tasks: Engage with clients, convert leads, and manage broker relationships.
- Company: Join a leading Global Financial Broking firm based in London.
- Benefits: Enjoy a competitive salary, commission, and a fantastic benefits package.
- Why this job: Be part of an exciting growth phase in the insurance sector with impactful work.
- Qualifications: Proven track record in business development, excellent communication, and organisational skills required.
- Other info: Permanent position with opportunities for professional growth.
The predicted salary is between 32000 - 48000 £ per year.
Business Development Executive – InsuranceDate: 3 Apr 2023
Sector: INSURANCE
Type: Permanent
Location: London
Salary: £40,000 – 45,000 per annum
Email: brian@taylorjamesresourcing.com
Ref: BT954
A fantastic opportunity to join this underwriters 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 offer a highly competitive benefits package.
Responsibilities:
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 organised, meticulous, and able to multitask.
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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
Network within the insurance industry to build connections with brokers and potential clients. Attend industry events or webinars to meet key players and learn about current trends, which can help you in conversations during interviews.
✨Tip Number 2
Familiarise yourself with the specific products and services offered by the company. Understanding their unique selling points will allow you to speak confidently about how you can contribute to their growth and success.
✨Tip Number 3
Prepare for role-play scenarios that may come up during interviews. Practising how to handle client inquiries and present solutions will showcase your ability to think on your feet and demonstrate your sales skills.
✨Tip Number 4
Research the company's competitors and market position. Being knowledgeable about the competitive landscape will enable you to discuss strategies for winning new business and how you can help the company stand out.
We think you need these skills to ace Business Development Executive – Insurance.
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in business development, particularly in the insurance sector. Use specific examples of how you've successfully converted leads into new business and managed client relationships.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your proven track record in winning new business and your ability to communicate effectively with clients and brokers.
Highlight Key Skills: In your application, emphasise skills such as target-driven performance, excellent communication, and strong organisational abilities. These are crucial for the Business Development Executive role.
Follow Application Instructions: Ensure you complete all sections of the application form on our website, including providing accurate contact information and any additional details requested. Double-check for typos or missing information before submitting.
How to prepare for a job interview at Taylor James Resourcing
✨Know Your Numbers
As a Business Development Executive, you'll need to demonstrate your understanding of key performance metrics. Be prepared to discuss your previous sales figures, conversion rates, and how you achieved your targets. This shows that you're results-driven and understand the importance of metrics in business development.
✨Research the Company
Before the interview, take time to research the company and its position in the insurance market. Understand their products, services, and recent news. This will help you tailor your answers and show genuine interest in the role and the company.
✨Prepare for Role-Play Scenarios
Expect to engage in role-play scenarios during the interview where you might have to pitch a product or handle a client objection. Practising these scenarios can help you feel more confident and showcase your communication skills effectively.
✨Highlight Relationship Management Skills
Since the role involves managing relationships with brokers and clients, be ready to share examples of how you've successfully built and maintained professional relationships in the past. This will demonstrate your interpersonal skills and ability to drive business inquiries.
