Strategic Bids Manager

Strategic Bids Manager

London Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead the development and submission of competitive bids for insurance distribution deals.
  • Company: Join Travelers, a top property casualty insurer with over 160 years of innovation and collaboration.
  • Benefits: Enjoy hybrid work options, private medical insurance, generous holiday entitlement, and wellness programmes.
  • Why this job: Be part of a culture that values community, innovation, and personal growth while making an impact.
  • Qualifications: Bachelor's degree in Business or related field; experience in bid management or sales support preferred.
  • Other info: Professional certifications in bid or project management are a plus; strong analytical skills required.

The predicted salary is between 43200 - 72000 £ per year.

Taking care of our customers, our communities, and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

What Is the Opportunity?

Travelers is a leading provider of insurance solutions, committed to delivering exceptional service and innovative products to our clients. We are seeking a highly motivated and experienced Deals & Bids Manager to join our Distribution team and drive our business growth through strategic deal and bid management. The Deals & Bids Manager will be responsible for managing the end-to-end process of deals and bids within the distribution channel. This role involves coordinating with various internal and external stakeholders to ensure the successful submission of competitive and compliant bids. The ideal candidate will have a strong background in insurance, excellent project management skills, and the ability to work under pressure to meet tight deadlines.

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?

  • Lead the development and submission of high-quality bids and proposals for insurance distribution deals.
  • Collaborate with sales, underwriting, legal, finance, and other relevant teams to gather necessary information and ensure alignment on bid strategies.
  • Analyze and interpret bid requirements, ensuring compliance with all regulatory and company standards.
  • Develop and maintain a comprehensive bid library, including templates, standard responses, and case studies.
  • Conduct market research and competitor analysis to inform bid strategies and enhance the competitiveness of proposals.
  • Manage the bid review and approval process, ensuring timely and accurate submissions.
  • Track and report on bid outcomes, providing insights and recommendations for continuous improvement.
  • Build and maintain strong relationships with key stakeholders, including brokers, agents, and clients.
  • Stay up-to-date with industry trends, regulatory changes, and best practices in bid management.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • Bachelor's degree in Business, Marketing, Insurance, or a related field.
  • Relevant experience in bid management, sales support, or a related role within the insurance industry.
  • Strong understanding of insurance products, distribution channels, and market dynamics.
  • Excellent project management skills, with the ability to manage multiple bids simultaneously and meet tight deadlines.
  • Exceptional written and verbal communication skills, with a keen attention to detail.
  • Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint) and bid management software.
  • Strong analytical and problem-solving abilities.
  • Ability to work independently and as part of a team, with a proactive and results-oriented approach.

What is a Must Have?

  • Professional certifications in bid management or project management (e.g., APMP, PMP).
  • Experience with CRM systems and sales automation tools.
  • Knowledge of regulatory requirements and compliance standards in the insurance industry.

What Is in It for You?

  • Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
  • Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
  • Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
  • Wellness Programme: The Travelers wellness programme is comprised of tools, discounts, and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you. Travelers reserves the right to fill this position at a level above or below the level included in this posting.

Strategic Bids Manager employer: Travelers Canada

At Travelers, we pride ourselves on fostering a collaborative and innovative work culture that prioritises the well-being of our employees and the communities we serve. As a Strategic Bids Manager, you will enjoy a flexible hybrid working arrangement, competitive benefits including private medical insurance and a generous holiday entitlement, as well as opportunities for professional growth within a leading property casualty insurer with over 160 years of excellence in the industry.
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Contact Detail:

Travelers Canada Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Strategic Bids Manager

✨Tip Number 1

Familiarise yourself with the insurance industry, particularly in relation to bids and deals. Understanding the nuances of insurance products and distribution channels will give you a significant edge during interviews.

✨Tip Number 2

Network with professionals in the insurance sector, especially those involved in bid management. Attend industry events or join relevant online forums to build connections that could provide insights or referrals.

✨Tip Number 3

Stay updated on current trends and regulatory changes in the insurance market. This knowledge will not only help you in interviews but also demonstrate your commitment to the role and the industry.

✨Tip Number 4

Prepare to discuss specific examples of successful bids you've managed in the past. Highlight your project management skills and how you collaborated with various teams to achieve results, as this is crucial for the role.

We think you need these skills to ace Strategic Bids Manager

Bid Management
Project Management
Insurance Industry Knowledge
Regulatory Compliance
Market Research
Stakeholder Engagement
Analytical Skills
Communication Skills
Attention to Detail
CRM Systems Proficiency
Sales Automation Tools
Team Collaboration
Time Management
Problem-Solving Skills
Proficiency in Microsoft Office Suite

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities of a Strategic Bids Manager. Review the job description carefully and identify key skills and experiences that align with your background.

Tailor Your CV: Customise your CV to highlight relevant experience in bid management and the insurance industry. Use specific examples that demonstrate your project management skills and ability to work under pressure.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your skills and experiences make you a perfect fit for the position, and express your enthusiasm for contributing to Travelers' mission.

Highlight Relevant Certifications: If you have professional certifications in bid management or project management, be sure to include them prominently in your application. This will demonstrate your commitment to the field and enhance your credibility as a candidate.

How to prepare for a job interview at Travelers Canada

✨Understand the Company Culture

Before your interview, take some time to research Travelers and their commitment to innovation and collaboration. Familiarise yourself with their values and how they prioritise customer care, as this will help you align your answers with their culture during the interview.

✨Showcase Your Project Management Skills

As a Strategic Bids Manager, you'll need strong project management abilities. Be prepared to discuss specific examples of how you've successfully managed multiple bids or projects under tight deadlines. Highlight your organisational skills and ability to coordinate with various stakeholders.

✨Demonstrate Industry Knowledge

Make sure you have a solid understanding of the insurance industry, including current trends and regulatory requirements. This knowledge will not only impress your interviewers but also show that you're proactive and well-prepared for the role.

✨Prepare Questions for Your Interviewers

At the end of the interview, you'll likely be asked if you have any questions. Prepare thoughtful questions about the role, team dynamics, or company initiatives. This shows your genuine interest in the position and helps you assess if it's the right fit for you.

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