At a Glance
- Tasks: Identify and secure new client relationships in the financial sector.
- Company: Join a leading firm with a focus on innovation and growth.
- Benefits: Enjoy 25 days annual leave, private healthcare, and remote work options.
- Other info: Dynamic environment with opportunities for personal and professional growth.
- Why this job: Make an impact by developing tailored risk solutions for top clients.
- Qualifications: Experience in financial lines and strong relationship-building skills required.
The predicted salary is between 56700 - 69300 £ per year.
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
Enjoy a benefits package designed to help you thrive, both professionally and personally. You'll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company. We support your growth and balance with remote working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.
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.
New Business Producer in London employer: WTW group
WTW group offers a dynamic work environment that fosters collaboration and innovation, as seen in roles like the Global Marine Marketing Lead, which emphasizes teamwork and strategic engagement. The company provides opportunities for professional growth through hands-on experiences, such as internships and graduate programs in Insurance Technology, allowing employees to develop practical skills in a supportive setting. Additionally, WTW group is committed to maintaining high standards of service and governance, ensuring a stable and rewarding workplace.
StudySmarter Expert Advice🤫
We think this is how you could land New Business Producer in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like WTW group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like WTW group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace New Business Producer in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at WTW group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at WTW group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at WTW group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at WTW group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at WTW group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding WTW group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.