Business Development Manager - Financial Services/Intermediaries in Glasgow

Business Development Manager - Financial Services/Intermediaries in Glasgow

Glasgow Full-Time 45000 - 60000 € / year (est.) No home office possible
Click and Connect Online Limited

At a Glance

  • Tasks: Drive business growth by identifying and converting new sales opportunities in financial services.
  • Company: Join STM Group Plc, a leader in financial services with a global reach.
  • Benefits: Enjoy a competitive salary, bonus potential, and a comprehensive benefits package.
  • Other info: Opportunity to work with key industry players and develop a robust professional network.
  • Why this job: Be part of a dynamic team focused on innovation and professional growth in the finance sector.
  • Qualifications: Experience in business development within financial services is essential; strong communication skills are a must.

The predicted salary is between 45000 - 60000 € per year.

As a Business Development Manager for the STM Group Plc (the Group), you will be responsible for:

  • Collaborating with the Group Head of Business Development, to maximise revenues through the proactive identification and conversion of new business sales opportunities, for the Groups UK and international products and propositions.
  • Playing an integral role as part of the broader Business Development team, achieving year-on-year growth.
  • Actively promoting the Groups products, propositions, and services through appropriate intermediated channels such as UK financial and investment adviser firms.
  • Building and maintaining an effective network of professional financial and investment advisers within the intermediated channel community.

Summary of Key Responsibilities:

  • Collaborating with the Group Head of Business Development to develop and execute the Groups commercial strategy across all product lines to achieve continuous new business and revenue growth.
  • Maximise business opportunities to achieve agreed growth targets by developing and maintaining relationships with key business partners and third parties.
  • Identify, evaluate, and prioritise potential market opportunities by size, business opportunity, and return on investment.
  • Develop and maintain a proactive network of key intermediary business partners.
  • Build and promote strong, sustainable intermediary relationships by partnering with key business partners and understanding their needs.
  • Proactively develop a sales pipeline/funnel to support future revenue growth.
  • Achieve growth and hit agreed sales targets by successfully managing the end-to-end sales process.
  • Present sales, revenue, & expenses reports along with realistic forecasts to the Group Head of Business Development.
  • Complete weekly and monthly reports for the Group Head of Business Development outlining your activity, priorities, plans and business progress against agreed sales & revenue targets.
  • Ensure the chosen sales tracking and customer relationship management (CRM) platform is complete and up-to-date.
  • Ensure all new written business adheres to the Groups compliance processes and procedures.
  • Develop collaborative working relationships within the organisation in pursuit of the Groups overall business goals.
  • Maintain proactive relations with subsidiary Managing Directors and key STM Group Plc stakeholders.
  • Liaise with the Marketing function to ensure that relevant product literature and collateral is up-to-date and supportive of the sales process.

Summary of Personal Skills & Competencies:

  • Experienced business development professional with a proven history of working in the financial services industry in the UK, international markets, and/or both.
  • Demonstrated history of success in a financial services role.
  • Excellent influencing, decision making, and negotiation skills.
  • Good understanding of the life, pension, and broader retirement markets.
  • Excellent interpersonal and communication skills at all levels.
  • Demonstrable experience of following a structured sales process(es).
  • Proactive relationship and account management skills.

Desired Experience & Expertise:

  • Demonstrable technical experience in the life, pensions, and/or retirement arena(s).
  • Strong network of intermediary contacts.
  • Proven track record of delivering new business growth.
  • Experience translating the principles of Consumer Duty and Treating Customers Fairly into a business development role.

Competitive Salary + Bonus + Benefits Package - OTE £100,000

Business Development Manager - Financial Services/Intermediaries in Glasgow employer: Click and Connect Online Limited

STM Group Plc is an exceptional employer, offering a dynamic work environment in Glasgow that fosters collaboration and innovation within the financial services sector. With a competitive salary and a comprehensive benefits package, employees are encouraged to grow professionally through continuous development opportunities and a strong support network. The company's commitment to building sustainable relationships with key business partners ensures that team members play a vital role in driving success and achieving meaningful results.

Click and Connect Online Limited

Contact Detail:

Click and Connect Online Limited Recruiting Team

StudySmarter Expert Advice🤫

We think this is how you could land Business Development Manager - Financial Services/Intermediaries in Glasgow

Tip Number 1

Network actively within the financial services community. Attend industry events, webinars, and local meetups to connect with potential intermediaries and partners. Building relationships in person can significantly enhance your chances of landing this role.

Tip Number 2

Familiarise yourself with the latest trends and regulations in the financial services sector, particularly around life, pensions, and retirement markets. This knowledge will not only help you in interviews but also demonstrate your commitment to staying informed and relevant.

Tip Number 3

Prepare to discuss specific examples of how you've successfully developed business relationships in the past. Highlight your ability to identify opportunities and convert them into sales, as this is a key aspect of the role.

Tip Number 4

Showcase your understanding of the Consumer Duty principles and how they apply to business development. Being able to articulate how you would implement these principles in your approach will set you apart from other candidates.

We think you need these skills to ace Business Development Manager - Financial Services/Intermediaries in Glasgow

Business Development Expertise
Financial Services Knowledge
Sales Process Management
Negotiation Skills
Interpersonal Communication
Relationship Management
Market Analysis

Some tips for your application 🫡

Tailor Your CV:Make sure your CV highlights relevant experience in business development, particularly within the financial services sector. Use specific examples that demonstrate your success in achieving sales targets and building relationships with intermediaries.

Craft a Compelling Cover Letter:Write a cover letter that clearly outlines your motivation for applying to STM Group Plc. Emphasise your understanding of their products and how your skills align with the responsibilities of the Business Development Manager role.

Showcase Your Network:In your application, mention any existing relationships you have with financial and investment advisers. Highlight how these connections can benefit STM Group Plc in achieving its growth targets.

Demonstrate Industry Knowledge:Include insights about current trends in the financial services industry, particularly in life, pensions, and retirement markets. This will show your potential employer that you are knowledgeable and proactive in your field.

How to prepare for a job interview at Click and Connect Online Limited

Know Your Numbers

Be prepared to discuss specific sales figures and growth metrics from your previous roles. This will demonstrate your ability to drive revenue and meet targets, which is crucial for a Business Development Manager.

Understand the Market

Research the financial services industry, particularly the life and pensions sectors. Familiarise yourself with current trends and challenges, as well as the STM Group's products and propositions, to show your genuine interest and knowledge during the interview.

Build Rapport

Since relationship management is key in this role, practice building rapport with your interviewers. Use active listening skills and engage in meaningful conversation to showcase your interpersonal abilities.

Prepare Questions

Have insightful questions ready about the company's strategy, culture, and expectations for the role. This not only shows your enthusiasm but also helps you assess if the company aligns with your career goals.