New Business Producer

New Business Producer

Full-Time 42750 - 52250 £ / year (est.) Home office (partial)
Willis Towers Watson

At a Glance

  • Tasks: Identify and secure new client relationships in the financial sector.
  • Company: Join a leading global insurance firm with a focus on innovation.
  • Benefits: Enjoy 25 days leave, private healthcare, remote work, and more.
  • Other info: Dynamic role with opportunities for professional growth and community involvement.
  • Why this job: Make an impact by developing tailored risk solutions for clients.
  • Qualifications: Proven success in business development and strong relationship-building skills.

The predicted salary is between 42750 - 52250 £ per year.

  • Description
  • Role – New Business Producer

The New Business Producer will be responsible for identifying, developing, and securing new client relationships for Willis FINEX UK Financial Institutions team.

The role focuses on generating profitable growth across the Financial Lines portfolio, including Directors & Officers Liability, Professional Indemnity, Cyber, Crime, Employment Practices Liability and Management Liability.

The successful candidate will leverage their network, market knowledge, and consultative approach to build strong relationships with corporate clients, financial institutions, professional firms, private equity businesses, asset managers, and associated advisers.

Working closely with FINEX colleagues, broking teams, and insurer partners, the Producer will develop tailored risk solutions and successfully convert opportunities into long-term client relationships.

The Role

  • Business Development & Sales
  • Generate and convert new business opportunities through networking, referrals, strategic introducers, industry contacts and targeted prospecting.
  • Develop and execute business plans to achieve agreed revenue, growth and activity targets.
  • Build and maintain a robust pipeline of qualified prospects across target sectors.
  • Establish and maintain relationships with senior decision-makers including CEOs, CFOs, General Counsel, Risk Managers, Asset Managers, Private Equity firms and Professional Services organisations.
  • Attend and represent Willis at industry events, conferences and networking functions to promote the FINEX proposition.
  • Lead prospect meetings, presentations and proposal discussions to secure new client appointments.
  • Client Advisory
  • Understand clients' business operations, risk profiles and strategic objectives to identify insurance and risk management opportunities.
  • Provide expert advice on Financial Lines products and market solutions.
  • Clearly present coverage options, programme structures, insurer appetite and market developments.
  • Act as a trusted adviser to prospective clients throughout the sales process.
  • Identify opportunities to broaden client relationships through cross-selling and additional consultancy services.
  • Market Engagement & Placement Strategy
  • Develop and maintain relationships with insurers and underwriting partners across the London and Company Markets.
  • Work with FINEX broking teams to design competitive insurance programmes and placement strategies.
  • Support negotiations with insurers to secure optimal coverage, terms and pricing.
  • Maintain awareness of emerging risks, market trends, regulatory developments and insurer appetite.
  • Share market intelligence and business opportunities across the wider FINEX team.
  • Client Transition & Collaboration
  • Work closely with Account Executives and servicing teams to ensure a seamless handover and implementation of newly won business.
  • Support the development of client service plans and ongoing account strategies where required.
  • Collaborate with internal specialists to deliver integrated solutions for clients.
  • Maintain accurate pipeline, forecasting and client records within WTW systems.
  • Compliance & Governance
  • Operate in accordance with FCA requirements, Willis policies and internal governance standards.
  • Ensure all client and insurer interactions are conducted with the highest standards of professionalism and integrity.
  • Maintain required regulatory permissions, training and professional qualifications.
  • Support management in identifying and mitigating business unit risks.

Qualifications

What you’ll bring

Essential

  • Proven success in generating and winning new business within the financial lines market.
  • Strong Financial Lines expertise, including Directors & Officers Liability, Professional Indemnity, Crime and Cyber.
  • Demonstrable ability to build relationships with senior client stakeholders and professional introducers.
  • Strong presentation, negotiation and influencing skills.
  • Excellent communication and relationship management capabilities.
  • Commercially focused with a strong drive to achieve sales and revenue targets.
  • Experience working within FCA-regulated environments and adhering to governance requirements.
  • Good understanding of London Market and global insurance market dynamics.

Desirable

  • Experience working with Financial Institutions, Asset Managers, Private Equity firms or Professional Services businesses.
  • Existing network of client and market relationships relevant to the FINEX sector.
  • ACII qualified or working towards qualification.
  • Familiarity with WTW products, services and operating systems.
  • Personal Attributes
  • Entrepreneurial and growth-oriented.
  • Credible and consultative in approach.
  • Self-motivated and resilient.
  • Strong collaborator who can influence stakeholders across the business.
  • Able to represent Willis with professionalism, integrity and market credibility.

What we offer

  • 25 days of annual leave plus an extra WTW day to relax and recharge.
  • Private healthcare.
  • Life insurance.
  • Group income protection.
  • Regular health assessments.
  • Defined contribution pension scheme, featuring matched contributions up to 10% from the company.
  • Remote working options.
  • Access to an employee assistance programme.
  • Fully paid volunteer day to make a difference in your community.
  • Electric vehicle car scheme.
  • Share scheme.
  • Cycle-to-workprogramme.
  • Dental cover.
  • Optical cover.
  • Critical illness protection.
  • Equal Opportunity Employer

We're committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants.

If you foresee any barriers, from the application process through to joining WTW, please email candidatehelpdesk@wtwco. com

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New Business Producer employer: Willis Towers Watson

WTW is an exceptional employer that prioritises the professional and personal growth of its employees, offering a comprehensive benefits package that includes generous annual leave, private healthcare, and a robust pension scheme. The collaborative work culture fosters strong relationships across teams, while the opportunity to engage in meaningful projects within the affinity insurance sector allows for impactful contributions to the company's success. With hybrid working options and a commitment to employee wellbeing, WTW stands out as a rewarding place to build a fulfilling career.

Willis Towers Watson

Contact Details:

Willis Towers Watson Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land New Business Producer

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 Willis Towers Watson. 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 New Business Producer

Business Development
Sales Strategy
Relationship Management
Financial Lines Expertise
Presentation Skills
Negotiation Skills
Communication Skills

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 Willis Towers Watson.

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 Willis Towers Watson'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 Willis Towers Watson

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 Willis Towers Watson.

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 Willis Towers Watson 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 Willis Towers Watson 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.