At a Glance
- Tasks: Lead distribution strategy and manage key broker relationships in the region.
- Company: Join Travelers Europe, a leading insurance provider with a strong commitment to growth and innovation.
- Benefits: Enjoy hybrid work flexibility, corporate perks, and opportunities for professional development.
- Why this job: Be part of a dynamic team driving profitable growth and making an impact in the insurance industry.
- Qualifications: Experience in distribution management or related roles; strong sales and relationship-building skills required.
- Other info: Engage in continuous learning and networking opportunities within the industry.
The predicted salary is between 43200 - 72000 £ per year.
We are looking for a Regional Distribution Manager in London. You will have experience in a similar Distribution management role, or maybe have a background as a Development Underwriter or Account Manager and you are looking for the next step up.
As a Regional Distribution Manager, you will execute the distribution strategy across all lines of business including Financial Lines, Property & Casualty, SME, and Lloyds. You will be responsible for managing all of our strategic partner relationships within your region, delivering a single Travelers proposition. You will help develop and manage the profitable growth across all Planning Lines within the Region by leading and engaging with Underwriting colleagues to maximise visibility and broker interaction across the wider Travelers business.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.
What Will You Do?
- Manage Travelers’ relationship with key brokers in the region and ensure achievement of agreed business targets and goals.
- Accountable for sales pipeline process and delivery in the region, including usage of pipeline data, collaboration with Underwriting colleagues across all business lines.
- Responsible for delivering the Regional “trading platform” including weekly sales meetings and monthly pipeline and broker performance meetings.
- Support sales training and product training in the Region.
- Collaborate and engage with underwriters to identify profitable underwriting opportunities, provide sales oversight and ensure a consistent and appropriate sales approach to broker visits from the relevant region.
- Maintain visibility across all business lines and stakeholders to ensure understanding of single Travelers' proposition.
- Deliver robust broker profiling to ensure accurate measurement of share of wallet and opportunity.
- Develop and maintain a high level of market visibility and quality broker interactions including a strong breadth of working relationships.
- Obtain market information and feedback from Brokers and assist with market research for product development as required.
- Monitor and report on regional sales performance.
- Regularly monitor and review the existing Agency panel within the geographical area and reassess potential, creditworthiness and cost effectiveness of existing agency accounts.
- Assess new Agency account Applications in conjunction with the Agency Department and within the Company's strict selection criteria.
- Establish and maintain collaborative relationships with colleagues in Head Office and with all Business Divisions, Underwriting, Risk Control, Claims, Actuarial and Compliance departments as needed.
- Be an integral part of the Distribution team and attend company meetings, corporate functions and seminars as required.
- Keep up to date with and participate in educational opportunities, read professional publications, maintain personal networks and participate in professional body events where appropriate.
Regional Distribution Manager employer: Travelers Insurance Co. Ltd.
Contact Detail:
Travelers Insurance Co. Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regional Distribution Manager
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in distribution management or underwriting. Attend industry events and seminars to meet potential colleagues and brokers, as building relationships is key for this role.
✨Tip Number 2
Familiarise yourself with Travelers' products and services across all lines of business. Understanding their offerings will help you engage effectively with brokers and demonstrate your knowledge during interviews.
✨Tip Number 3
Stay updated on market trends and competitor activities within the insurance sector. This knowledge will not only enhance your discussions with brokers but also show your proactive approach to the role.
✨Tip Number 4
Prepare to discuss your experience in managing relationships and driving sales performance. Be ready to share specific examples of how you've successfully collaborated with teams to achieve business goals, as this is crucial for the Regional Distribution Manager position.
We think you need these skills to ace Regional Distribution Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in distribution management, underwriting, or account management. Use keywords from the job description to demonstrate that you meet the qualifications.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of Travelers' business model and how your skills can contribute to their distribution strategy. Mention specific experiences that align with the responsibilities outlined in the job description.
Highlight Relationship Management Skills: Emphasise your ability to manage relationships with brokers and stakeholders. Provide examples of how you've successfully built and maintained partnerships in previous roles.
Showcase Analytical Skills: Discuss your experience with sales pipeline processes and data analysis. Highlight any tools or methods you've used to monitor performance and drive profitable growth in your previous positions.
How to prepare for a job interview at Travelers Insurance Co. Ltd.
✨Know Your Distribution Strategy
Familiarise yourself with the distribution strategy of Travelers Europe. Be prepared to discuss how your previous experience aligns with their approach and how you can contribute to executing this strategy across various lines of business.
✨Showcase Relationship Management Skills
Highlight your experience in managing broker relationships. Prepare examples of how you've successfully built and maintained partnerships in the past, as this role heavily relies on strong interpersonal skills and collaboration.
✨Understand the Sales Pipeline Process
Be ready to discuss your understanding of the sales pipeline process and how you have used data to drive results. Share specific instances where you collaborated with underwriting colleagues to maximise broker interactions and achieve business targets.
✨Demonstrate Market Awareness
Research the current market trends in the insurance industry, particularly in the regions relevant to the role. Being able to discuss market insights and how they could impact Travelers' strategies will show your proactive approach and industry knowledge.