At a Glance
- Tasks: Generate new business and manage client relationships in a dynamic insurance environment.
- Company: Established commercial insurance provider with a supportive team culture.
- Benefits: Competitive salary, commission structure, and 25 days annual leave plus bank holidays.
- Other info: Full training provided, with excellent career growth opportunities.
- Why this job: Join a driven team and make an impact in the insurance industry while developing your skills.
- Qualifications: Experience in insurance or sales, strong communication skills, and target-driven mindset.
The predicted salary is between 28000 - 35000 £ per year.
Lutterworth based, 5 days in the office. Permanent, Monday to Friday, 35hrs (9.00 - 17.00). £28,000 - £35,000+ pa (depending on experience) + Commission.
Our client, a well-established commercial insurance provider based in Lutterworth, is seeking a Commercial Insurance Account Executive to join their New Business team. This is an excellent opportunity for a driven individual to generate new business income and manage prospects, with full training provided for those with transferable insurance experience.
The key responsibilities of a Commercial Insurance Account Executive (New Business):
- Generate new business through outbound calls and proactive prospecting.
- Manage and maximise opportunities from the company database.
- Conduct fact-finding to identify client requirements and provide suitable quotations.
- Obtain and present quotations, advising on the most appropriate cover and pricing.
- Liaise with clients, insurers and underwriters via phone and email.
- Maintain accurate client records, including risk awareness and objectives.
- Issue documentation and confirm cover in line with company procedures.
- Work towards achieving new business income targets and KPIs.
The minimum requirements for the Commercial Insurance Account Executive (New Business) role:
- Previous experience within insurance (commercial preferred, but other lines considered).
- Strong communication skills and confidence speaking with clients.
- Ability to work in a target-driven environment.
- Highly organised with strong attention to detail.
- Understanding of insurance principles and compliance requirements.
- Proficiency using CRM systems and internal processes.
- Advanced knowledge of Material Damage (including Business Interruption), Employers Liability and Public/Products Liability.
The ideal candidate for the Commercial Insurance Account Executive (New Business) role:
- Experience in a new business or sales-focused insurance role.
- Knowledge across additional commercial lines such as Professional Indemnity, D O, Cyber or Contract Works.
- Confident in generating leads and converting opportunities.
- Proactive, motivated and commercially minded.
Commercial Insurance Account Executive benefits:
- Commission structure.
- 25 days annual leave plus bank holidays (increasing with service).
- Company benefits package following successful probation.
The Caraires Consultancy operates with integrity by treating our clients, applicants and suppliers in a fair and honest manner as we want to be treated. Interested? Please apply below or reach us for an informal chat. If you have sent us a copy of your CV and not had a reply within 5 working days we would kindly ask you to assume your application on this occasion has been unsuccessful.
For our Privacy Policy, please see our website.
Job Types: Full-time, Permanent. Work Location: In person.
New Business Account Executive employer: The Caraires Consultancy
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StudySmarter Expert Advice🤫
We think this is how you could land New Business Account Executive
✨Tip Number 1
Get to know the company inside out! Research their values, recent news, and their approach to commercial insurance. This will help you tailor your conversations and show that you're genuinely interested in being part of their team.
✨Tip Number 2
Practice your pitch! You’ll need to confidently communicate your experience and how it aligns with the role. Role-play with a friend or in front of a mirror to nail down your delivery and boost your confidence.
✨Tip Number 3
Network like a pro! Connect with current employees on LinkedIn or attend industry events. Building relationships can give you insider info and might even lead to a referral, which is always a bonus!
✨Tip Number 4
Don’t forget to follow up! After your interview, send a quick thank-you email to express your appreciation for the opportunity. It’s a simple gesture that can leave a lasting impression and keep you top of mind.
We think you need these skills to ace New Business Account Executive
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the New Business Account Executive role. Highlight your relevant experience in insurance and any sales achievements. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills align with what we're looking for. Keep it engaging and personal – we love a bit of personality!
Showcase Your Communication Skills:Since strong communication is key for this role, make sure your application reflects that. Use clear and concise language, and don’t shy away from showing off your confidence in your writing style. We’re all about effective communication!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at The Caraires Consultancy
✨Know Your Insurance Basics
Make sure you brush up on your knowledge of insurance principles, especially around Material Damage and Liability. Being able to confidently discuss these topics will show that you're serious about the role and understand the industry.
✨Practice Your Pitch
Since this role involves generating new business, practice how you would pitch insurance products to potential clients. Role-playing with a friend or family member can help you refine your approach and boost your confidence.
✨Familiarise Yourself with CRM Systems
Get comfortable with CRM systems as they are crucial for managing client records and tracking leads. If you have experience with any specific systems, be ready to discuss how you've used them effectively in past roles.
✨Prepare Questions for Your Interviewers
Think of insightful questions to ask during your interview. This could be about the company culture, training opportunities, or how success is measured in the role. It shows you're engaged and genuinely interested in the position.
