Business Development Manager - Financial Services in London

Business Development Manager - Financial Services in London

London Full-Time 60000 - 80000 £ / year (est.) Home office (partial)
Avanade

At a Glance

  • Tasks: Drive sales growth by acquiring new clients and expanding existing accounts in the financial services sector.
  • Company: Join a global leader and Microsoft #1 Partner in innovative technology solutions.
  • Benefits: Competitive salary, performance bonuses, and opportunities for professional development.
  • Other info: Dynamic work environment with significant career advancement potential.
  • Why this job: Be a key player in shaping the future of financial services with cutting-edge Microsoft technologies.
  • Qualifications: Proven sales experience, strong negotiation skills, and knowledge of the Microsoft ecosystem.

The predicted salary is between 60000 - 80000 £ per year.

In support of our continued growth journey, we need to capitalize our capabilities and have identified the need to further expand our sales team as a priority area for growth. Our aim is to grow our net new customer acquisition and core business through increased sales focus, driving the growth strategy and delivering sales and revenue targets. As a Sales Lead, you will be instrumental in ensuring we achieve these objectives.

The FS sales role will be focused across all sectors for origination of new logos into the business. Your focus will be on the mid‑market – outside of the larger banks, investment houses and insurance brokers we have seen huge growth in the smaller enterprises and your role will be to target and expand this segment. This is an important role with wide‑ranging and often complex responsibilities, which call for a depth and breadth of business knowledge beyond the business development discipline. You will be capable of developing long‑lasting customer relationships at a senior level and gaining referrals with new accounts.

As a Sales Lead, you will have a deep understanding of the needs of the various sales channels and will leverage your experience to maximize return and drive value. You will be responsible for working in our direct to market channel (working with Microsoft and our other partners) and have a demonstrable and proven track record in new business experience, in acquisition of white space accounts for the industry. With previous, solid consulting services sales experience and a flair for closing deals, you will thrive working with colleagues in a wider team using innovation and exciting customers with your enthusiasm. Your strong connections and your tenacity to be an assertive partner, along with your background in high value solutions across the full Microsoft stack services (from advisory services, system integration, to managed services) will attest to your credibility with senior partners and clients.

You will have the opportunity to support, shape and grow our FS business within a global company; one who is also the Microsoft #1 Partner globally.

Day To Day, You Will:

  • Identify and engage with new clients to expand our client portfolio in the mid‑market.
  • Identify new sales opportunities across key channels to increase sales volume.
  • Assist management in devising sales plans and strategies.
  • Sell a portfolio of Avanade and/or third‑party software products directly to end‑user organizations.
  • Specialize in the sale of one or more key technologies in the Microsoft stack including Apps & Infra; Modern Workplace; Data & AI and Security.
  • Generate sales and drive revenue, typically in low‑to‑medium risk and return sales activities.
  • Lead customer relationships for new accounts.
  • Prospect, acquire, develop and expand business leads.
  • Achieve short and long‑term sales growth by increasing cross‑selling activities within existing and new accounts.
  • Be accountable for an individual sales target.
  • Manage the full sales life cycle from origination of opportunities through to contracting and closure.

Qualifications:

  • Extensive experience in selling solutions, including large‑scale, multi‑year solutions.
  • In‑depth knowledge and experience of the Microsoft ecosystem, its channels and how to optimise Avanade’s engagement and success.
  • Experience and knowledge of the managed service landscape within the UK.
  • Ability to identify and complete market research on new client targets for the FS sector.
  • Capability to create and deliver a contact and origination plan against identified target customers.
  • Proactive and practical assessment of customer requirements and selection of appropriate solutions.
  • Strong customer interface and presentation skills, with a customer‑service mindset.
  • Skillful negotiator, confident in acting as a trusted adviser when dealing with customers’ business needs.
  • Experience selling the Microsoft stack is a significant advantage.
  • Experience working with and selling IT solutions to clients.
  • Experience working with average deal sizes in excess of $250k.
  • Previous experience collaborating with Microsoft account executives and account teams to drive sales.
  • Successfully achieving sales targets in excess of $3m+ in a year (depending on level).
  • Superior knowledge and experience with sales pipeline management and sales and revenue quotas.
  • Ability to navigate negotiation phases at C‑suite level.
  • Ability to act as a trusted adviser in addressing customers’ business needs.
  • Solid account planning skills (utilizing the global standard account plan document).
  • Solid understanding of Avanade solutions, Microsoft products, and technology services and competitive offerings.

Business Development Manager - Financial Services in London employer: Avanade

As a Business Development Manager in Financial Services at Avanade, you will join a dynamic and innovative team within a globally recognised Microsoft #1 Partner. Our company fosters a collaborative work culture that prioritises employee growth through continuous learning opportunities and mentorship, ensuring you can thrive in your role while contributing to our ambitious sales targets. Located in a vibrant business hub, we offer a unique chance to engage with diverse clients and make a significant impact in the mid-market sector, all while enjoying a supportive environment that values your contributions.

Avanade

Contact Details:

Avanade Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Business Development Manager - Financial Services in London

Tap into Campus Networks

If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.

Get Certified

Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.

Connect on Professional Platforms

Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.

Apply Directly and Be Proactive

Don’t shy away from reaching out directly to firms like Avanade. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.

We think you need these skills to ace Business Development Manager - Financial Services in London

Business Development
Sales Strategy
Customer Relationship Management
Microsoft Ecosystem Knowledge
Managed Services Experience
Market Research
Negotiation Skills

Some tips for your application 🫡

Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.

Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Avanade.

Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.

Research and Reflect:Before hitting that 'apply' button on Avanade's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!

How to prepare for a job interview at Avanade

Brush Up on Financial Analysis Skills

Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Avanade.

Prepare for Case Studies

Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.

Show Your Passion for Finance

Since this is a full-time position, employers at Avanade will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.

Network with Industry Professionals

Before your interview, reach out to current or former Avanade employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.