At a Glance
- Tasks: Drive business growth by sourcing new opportunities and building client relationships.
- Company: Join a dynamic team at Hughes Insurance, known for excellent customer service.
- Benefits: Enjoy hybrid working, competitive salary, and continuous professional development.
- Other info: Be part of a supportive team with great career advancement opportunities.
- Why this job: Make an impact in a fast-paced environment while developing your career.
- Qualifications: Commercial experience and strong communication skills are essential.
The predicted salary is between 30000 - 40000 £ per year.
Office Location: Strangford House, 4 Jubilee Road, Newtownards, BT23 4WN
Core office Hours: Monday to Friday 9.00am to 5pm
Hybrid working: 2 days per week in the office
Role Purpose: Working as part of the Commercial Team, our overall objective is to achieve operational targets in respect of Sales, Renewals and Adjustments for the relevant products, whilst providing excellent customer service. These targets will include volume of premium transactions, customer satisfaction levels, and document turnaround times. You will be an instrumental part of our team with targets including the number of customer contacts made, leads obtained, quotations provided, sales generated as well as quality levels in relation to compliance and customer service.
Duties & Responsibilities:
- Expand the client base by proactively sourcing new business opportunities across a wide variety of Commercial products.
- Assessing client demands and needs, analysing risks, and recommending appropriate insurance cover.
- Preparation of submissions to insurers for quotation within underwriting guidelines.
- Collaborating with insurers to secure tailored policies, preparing quotes.
- Providing proactive support to the team for renewals, assisting in client relationships and terms' negotiations to ensure retention of business.
- Provide detailed monthly updates on sales performance and prospecting activity, highlighting key wins, renewal status, and action plan for the upcoming period.
- Achieve and exceed all personal, team, and departmental performance targets, maintaining a focus on productivity and business growth.
- Ensuring that all communications with customers are accurately recorded in line with the Company's Procedures.
- Ensure continuous professional development by participating in training, e-learns and courses and recording CPD points.
- Complying with FCA regulations and requirements.
- Liaising with Claims Handlers/Loss Adjusters when required.
- Attending and contributing to meetings and team briefings.
- The observance of Hughes Insurance compliance procedures.
- Visiting new and existing customers when required to ensure professional relationships are maintained.
- Proactively managing insurer and client relationships.
- Resolution of complaints from customers and the handling of complaints in line with the company complaints process.
- Contribute to the overall success of the department by performing any other reasonable duties as requested by management.
General:
- The adherence to company standards for excellent customer care.
- Embracing company values.
- Promoting the Hughes Insurance brand in every customer contact and acting as an ambassador for the company.
- Liaising, communicating, and co-operating with other staff.
- Communicate positively and effectively across the business, working collaboratively with colleagues at all levels.
Essential Qualifications and Skills: Commercial experience working to Senior.
Business Development Executive employer: Vermelo
Tradex Insurance is an exceptional employer that fosters a collaborative and innovative work culture, where employees are empowered to make impactful decisions. With a strong focus on professional development, employees have access to continuous learning opportunities and the chance to work closely with senior leaders in a dynamic environment. The role of 2nd Line Risk Partner offers the unique advantage of influencing key risk frameworks while travelling to vibrant locations like Manchester and Brentwood, ensuring a diverse and engaging work experience.
StudySmarter Expert Advice🤫
We think this is how you could land Business Development Executive
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Vermelo. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Business Development Executive
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Vermelo.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Vermelo's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Vermelo
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Vermelo.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Vermelo will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Vermelo employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
