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- Tasks: Drive business growth in the insurance sector and manage key client relationships.
- Company: Dynamic insurance firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, performance bonuses, hybrid working, and career development opportunities.
- Why this job: Join a leading company and make a real impact in the insurance market.
- Qualifications: 10+ years in account management, preferably in financial services.
- Other info: Exciting travel opportunities and a chance to work with industry leaders.
The predicted salary is between 90000 - 110000 £ per year.
Our client is seeking an ambitious Business Development Executive for their Insurance Market Unit in the UK. This is a permanent, full-time role based in London, but travel will be required on a regular basis to the designated clients relating to this role. There may also be an infrequent travel requirement to other UK, European and rest of the world based on business requirements.
About the job you’re considering:
- Hybrid working: The places that you work from day to day will vary according to your role, your needs, and those of the business; it will be a blend of Company offices, client sites, and your home; noting that you will be unable to work at home 100% of the time.
If you are successfully offered this position, you will go through a series of pre-employment checks, including: identity, nationality (single or dual) or immigration status, employment history going back 3 continuous years, and unspent criminal record check (known as Disclosure and Barring Service).
Roles and Responsibilities:
- BDE is responsible for ongoing account management and development of new opportunities for the Insurance market unit. Specific responsibilities include:
- Lead / pipeline generation
- Early-stage opportunity creation
- Supporting sales and GTM
- Collaboration with partners / internal sales teams
- Driving demand and contributing to opportunity qualification
- Being responsible for the development and annual growth of the account(s)
- Development and successful execution of the account(s) strategies
- Developing of client intimacy enabling delivery of proactive propositions
- Coordinate the marketing, sales, delivery, and subject matter expertise capabilities required to grow the account
- Sell and deliver within the account, adhering to approved revenue and contribution margin guidelines
- Work with sales team to develop and drive service offerings and campaigns to develop new business
- Oversight of project teams working on accounts, and accountable for overall account success
- Develop and maintain executive-level client relationships
- Engage with industry leaders, insurtechs and alliances to evaluate joint propositions
Your skills and experience:
- 10+ years of account management experience mainly within Financial Services
- Good understanding of the general insurance market in motor and home, commercial property and casualty will be advantageous
- Proven track record of sales showing annual incremental growth and profitability
- Ability to shape go-to-market / penetration strategies
- Proven ability to leverage and explore wider partnerships to drive growth and create value for clients with a strong C-level network
- Understand technology trends and adapt them to meet client's needs and business goals
- Understanding of working in a Global delivery model
Business Development Specialist in London employer: Absolute Applications
Contact Detail:
Absolute Applications Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Specialist in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks, especially in the insurance sector. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn – you never know who might have the inside scoop on job openings.
✨Tip Number 2
Show off your expertise! When you get the chance to chat with potential employers, make sure to highlight your experience in account management and your understanding of the insurance market. Share specific examples of how you've driven growth and built client relationships.
✨Tip Number 3
Be proactive! Don’t just wait for job postings to pop up. Reach out directly to companies you’re interested in, even if they’re not advertising a role. Express your interest in their business development needs and how you can contribute.
✨Tip Number 4
Apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can give you a better shot at landing that dream job. Plus, it shows you’re serious about joining our team!
We think you need these skills to ace Business Development Specialist in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Business Development Specialist role. Highlight your experience in the insurance industry and any relevant achievements that showcase your ability to drive growth and manage accounts effectively.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're the perfect fit for this role. Mention specific experiences that relate to the responsibilities listed in the job description, and don’t forget to show your enthusiasm for the position.
Showcase Your Achievements: When detailing your work history, focus on quantifiable achievements. Use numbers to demonstrate how you’ve contributed to sales growth or account management success in previous roles. This will help us see the impact you've made in your past positions.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Absolute Applications
✨Know Your Insurance Stuff
Make sure you brush up on your knowledge of the insurance industry, especially in areas like motor and home insurance. Being able to discuss current trends and challenges will show that you're not just familiar with the basics but are genuinely engaged with the sector.
✨Showcase Your Sales Success
Prepare specific examples of your past sales achievements, particularly those that demonstrate incremental growth and profitability. Use metrics and figures to back up your claims; numbers speak volumes in this field!
✨Understand the Role's Dynamics
Familiarise yourself with the hybrid working model and how it impacts client interactions. Be ready to discuss how you would manage your time between office, client sites, and remote work effectively.
✨Build a Connection
Since relationship-building is key in this role, think about how you can establish rapport with potential clients. Prepare to share strategies you've used in the past to develop executive-level relationships and how you plan to leverage your C-level network for this position.