hacking the cover letter

Struggling with cover letters.

It seems each one needs to be re-written for each new job application, and it's inefficient.

Is there a faster way to do this / some format I can follow repeatedly?

I had previously been advised to use the following format:

Sentences: 1) sentence 1: what you are applying for, and who referred you (read: context) 2) sentence 2: what's in it for them :
3) sentence 3: personal qualifications 4) sentence 4: closing / ask / when to follow up

Executed as follows:

Dear X, I am referred to you by John Macolm, who referred me to the principal role for which you've been recruiting. I previously worked in a similar role, and generated over $x in investment returns. I bring over 11 years of experience to this role, at such top groups as Goldman Sachs and Deutsche Bank. Might you be free for a follow-up call this coming week? Name

But is this really persuasive? Is this really the best way to write a CV?

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