Business Development Manager

Business Development Manager

Full-Time 50000 - 65000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Drive business growth by developing new opportunities and managing existing accounts in the insurance sector.
  • Company: Join Previsico, a leader in innovative flood forecasting technology.
  • Benefits: Enjoy a hybrid work model, competitive salary, and opportunities for professional growth.
  • Other info: Be part of a dynamic team focused on sustainability and global growth.
  • Why this job: Make a real difference by helping reduce flood impacts with cutting-edge technology.
  • Qualifications: 5+ years in business development, preferably in SaaS or insurance sectors.

The predicted salary is between 50000 - 65000 £ per year.

Minimise the impact of flooding using actionable early warnings at Previsico. Focus on the UK, while supporting fledging global growth.

The Issue: One-fourth of all properties and one-third of commercial properties in the UK are at risk of flooding. Flood-related damages cost the UK a staggering £1.3 billion annually and are expected to increase five-fold by 2050. According to latest estimates, these costs can be reduced by half with improved flood forecasting and preparation. However, existing forecasting methods have fallen short when it comes to the unpredictable nature of storms.

The Solution: At Previsico, our goal is to diminish the impact of floods on individuals and organizations by half. Our cutting-edge tech, honed since 2001 and incubated at Loughborough University until 2019, has revolutionized flood forecasting. It allows for highly accurate, property-level, real-time alerting, empowering individuals and businesses to prepare effectively, thereby minimizing, and in some cases, preventing damage and disruptions.

The Results: We almost doubled our revenues in 2024, and our services are now supporting over 200 clients within the insurance, private, and utilities sectors, including Zurich, Liberty, and National Grid. In 2024, we secured additional funding earmarked to turbocharge our growth through the expansion of our Go-To-Market function.

Role: You will be responsible for finding and developing new opportunities as well as managing and growing existing accounts within the insurance space, both directly and through partners and partnerships. You will research and evaluate market trends, competitors, potential customers and partners and establish contact and rapport with them. You will pitch, and together with clients, define value propositions and benefits of the service, negotiating and closing deals while managing and nurturing the relationship throughout its entire lifecycle. You will collaborate closely with internal teams such as project management and customer success to ensure seamless client experience and long-term satisfaction.

  • Industry Leadership & Business Development: Own the complete sales cycle, from identifying and qualifying leads to pitching, RFP production, value proposition definition, negotiation, and closing. Own the definition and implementation of targeted sales playbooks and strategies for the Insurance industry (insurers, brokers, MGAs, TPAs etc.), that guide the approach to engaging clients, tailoring messaging, and presenting use-cases relevant to the sector. Collaborate with cross-functional teams—including marketing, product development, and customer success—to develop comprehensive plans for market penetration and growth within these industries. Identify and develop key partnerships with other businesses, leveraging these relationships to drive sales through indirect channels and collaborative go-to-market strategies. Cultivate relationships with partners, ensuring alignment of flood forecasting solutions with their offerings, and jointly promoting the benefits to their customer base. Work closely with partners to drive mutual success, ensuring that both new business development and ongoing sales initiatives are effectively executed through these channels. Collaborate with the project manager and customer success manager to ensure smooth transitions from sales to project implementation, ensuring client satisfaction and retention. Demonstrate flexibility in adapting to changing priorities and business needs, offering support to colleagues across various functions as required. Be proactive in sharing insights, knowledge, and best practices with team members, fostering a supportive environment that encourages mutual success.
  • Target Achievement and Growth: Attain predefined performance targets, focusing on key metrics such as sales conversion, sales cycle, client ARR growth, revenue growth, and expansion within strategic accounts. Identify opportunities to upsell additional services, features, and solutions that align with strategic clients’ evolving needs. Maintain 100% accuracy of sales pipeline.
  • UK Market Focus & Global Support: Primarily focus on sales efforts within the UK market, targeting the insurance sector, to drive business development and growth. While the main responsibility is within the UK, be prepared to support global sales initiatives, particularly for insurance sector businesses, by contributing to bids, proposals, and strategic efforts as required.

Required Skills and Qualifications: Proven 5+ years working experience as a business development manager or sales executive preferably in a SaaS startup environment. Proven track record of independently selling services/solutions to large enterprises within the insurance sector from lead generation to discovery, qualification and negotiation. Experience with consultative selling and successfully leading partnership sales desirable. Ability to independently drive the development of new industries from scratch, identifying growth opportunities, analyzing market trends, and adapting strategies accordingly. Ability to build rapport with senior stakeholders. Strong preparation, time-management, and organizational skills. Strong analytical and organizational skills with a curiosity for better understanding clients and their issues. Clear written and verbal communication skills, along with the ability to craft compelling presentations and case studies. Numerical abilities and problem-solving attitude. Proficiency in MS Office and CRM software (HubSpot). Proficiency in English and right to work in the UK.

Equal Opportunity Employer: Previsico is an equal opportunity employer. All employment decisions are based on qualifications, merit, and business needs, without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, or age.

Seniority level: Mid-Senior level. Employment type: Full-time. Job Function: Sales and Business Development. Industries: Environmental Services, Software Development, and Insurance.

Business Development Manager employer: Connecticut Innovations

Previsico is an exceptional employer, offering a dynamic work environment in London that fosters innovation and collaboration. With a strong commitment to employee growth, we provide opportunities for professional development and the chance to make a meaningful impact in flood forecasting technology. Our hybrid work model promotes work-life balance, while our inclusive culture ensures that every team member's contributions are valued and recognised.
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Contact Detail:

Connecticut Innovations Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Business Development Manager

✨Tip Number 1

Network like a pro! Get out there and connect with people in the insurance sector. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. The more connections you make, the better your chances of landing that Business Development Manager role.

✨Tip Number 2

Prepare for those interviews by researching Previsico inside out. Understand our tech, our mission to minimise flooding impacts, and how we’re shaking up the insurance market. When you can speak our language and show genuine interest, you’ll stand out from the crowd.

✨Tip Number 3

Practice your pitch! As a Business Development Manager, you’ll need to sell our solutions effectively. Role-play with a friend or mentor to refine your approach. Make sure you can clearly articulate the value propositions and benefits of our services.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Previsico and making a difference in flood forecasting.

We think you need these skills to ace Business Development Manager

Business Development
Sales Strategy
Consultative Selling
Partnership Sales
Market Analysis
Lead Generation
Negotiation Skills
Client Relationship Management
Presentation Skills
Time Management
Organisational Skills
Analytical Skills
Problem-Solving Skills
Proficiency in CRM Software (HubSpot)
Proficiency in MS Office

Some tips for your application 🫡

Tailor Your CV: Make sure your CV speaks directly to the role of Business Development Manager. Highlight your experience in sales, especially within the insurance sector, and showcase any relevant achievements that align with our mission at Previsico.

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about flood forecasting and how your skills can help us minimise the impact of flooding. Be specific about what excites you about this role and our company.

Showcase Your Analytical Skills: Since we’re all about data-driven decisions, make sure to highlight your analytical abilities. Share examples of how you've used data to drive sales or develop strategies in your previous roles, particularly in the SaaS or insurance sectors.

Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!

How to prepare for a job interview at Connecticut Innovations

✨Know Your Stuff

Before the interview, dive deep into Previsico's mission and technology. Understand how their flood forecasting works and be ready to discuss how your experience aligns with their goals. This shows genuine interest and helps you connect your skills to their needs.

✨Showcase Your Sales Savvy

Prepare specific examples from your past roles where you've successfully driven sales in the insurance sector. Highlight your consultative selling approach and any partnerships you've developed. This will demonstrate your ability to manage the complete sales cycle effectively.

✨Be a Team Player

Emphasise your collaborative spirit. Talk about how you've worked with cross-functional teams in the past to ensure client satisfaction. Previsico values seamless client experiences, so showing that you can work well with others is key.

✨Ask Insightful Questions

Prepare thoughtful questions about Previsico's growth plans and how they envision the role of Business Development Manager evolving. This not only shows your enthusiasm but also your strategic thinking about the company's future.

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