Job Description
Business Development Manager – North West (Hybrid) (RDT243)
Exciting new role for a Business Development Manager, who is passionate about growing profitable relationships with Brokers, looking to utilise skills and experience to build and maintain a robust pipeline of new business opportunities, and be visible in the insurance market.
Business Development Manager Responsibilities
- Proactively develop strong relationships with a designated panel of brokers, taking full ownership for the generation of profitable business.
- Build, manage and maintain strong relationships with all internal and external stakeholders, to deliver strategy and increase opportunities for the business.
- Prepare, design, implement and review set development plans.
- Proactively develop a robust pipeline of appropriate new business opportunities and ensure that long-term pipeline is realised by ensuring broker / client engagement.
- Plan, forecast and set the operational targets to achieve the strategic development plan.
- Review progress of initiatives against plan and take remedial action as appropriate.
- Prospect potential new opportunities and markets. Identify new deals, assess feasibility and project manage the implementation of new.
- Effectively promote and deploy company strategy, product range, propositions and key differentiators to leverage commercial opportunities.
- Undertake profit reviews to identify areas for improvement and lead conversations with brokers to agree actions to optimise profitability. Support underwriters with rate actions as necessary.
BDM Qualification Requirements
- ACII qualification or equivalent is preferable.
- Degree level education or equivalent is preferable.
- Good understanding of underwriting & risk management principles.
- Strong product knowledge.
- Mid-market knowledge and generation experience is desirable.
- Excellent communication and interpersonal skills.
- Established networking and relationship building skills.
- Ability to develop reciprocal relationships with intermediaries.
- Awareness of profitability of business within the intermediary channel.
- Significant technical Insurance or Financial Service/retail background in a consumer-oriented environment an advantage.