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For Companies At a Glance
- Tasks: Drive business growth by developing strategic partnerships and managing the full development lifecycle.
- Company: Join a leading Insurance company with a focus on innovation and collaboration.
- Benefits: Competitive OTE of £110,000+, remote work flexibility, and career advancement opportunities.
- Why this job: Make a significant impact in the insurance industry while working remotely and driving growth.
- Qualifications: Experience in the insurance sector and proven success in securing strategic partnerships.
- Other info: Dynamic role with opportunities for professional development and networking.
The predicted salary is between 66000 - 88000 £ per year.
We are currently partnering with a market-leading Insurance company to recruit a Business Development Lead. This role serves as the local partnerships "hunter" for a specific geography, responsible for developing and delivering the local partnership pipeline in line with the wider Wholesale strategy.
Responsibilities include but are not limited to:
- Manage the full business development lifecycle, from market research and opportunity validation through deal closure and handover to implementation and success teams.
- Develop and execute the local partnership strategy, ensuring alignment with the wider Wholesale strategic objectives, targets, and growth ambitions.
- Deliver against individual partnership targets across white-label, co-brand, and affiliate models, supporting broader Business Development goals.
- Conduct market research and benchmarking to identify, validate, and prioritise partnership opportunities aligned to the defined target partner list.
- Lead high-level due diligence and qualification of prospective partners, assessing strategic fit, commercial viability, and alignment with group objectives.
- Own prospecting and partner engagement, including proposition structuring, positioning, pitching, commercial negotiation, and contract completion.
- Translate partner requirements into actionable business cases, collaborating with internal teams on product design, commercial models, service delivery, and financial modelling aligned to revenue, margin, and IRR targets.
- Engage Partnerships Success Leads and Agreement Leads early to ensure continuity, accurate requirement capture, and successful deal execution.
- Ensure comprehensive handover to Transition and Partnerships Success teams, supporting seamless onboarding and operational readiness.
The ideal candidate:
- Insurance industry experience.
- Proven experience identifying, qualifying, and securing strategic, revenue-generating distribution partnerships, including complex commercial negotiations and deal closure.
- Strong understanding of the local market landscape, dynamics, and trends, with the ability to spot and prioritise high-value opportunities.
- Demonstrated capability to build robust business cases and financial models aligned to revenue, margin, and IRR targets.
- Excellent stakeholder management, influencing, and communication skills, including pitching and presenting to senior internal and external audiences.
Business Development Lead - Remote, OTE £110,000+ in Slough employer: Edenbrook
Contact Detail:
Edenbrook Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Lead - Remote, OTE £110,000+ in Slough
✨Tip Number 1
Network like a pro! Get out there and connect with people in the insurance industry. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. The more connections we make, the better our chances of landing that Business Development Lead role.
✨Tip Number 2
Research is key! Dive deep into the market landscape and understand the trends and dynamics. This knowledge will not only help us identify potential partners but also give us an edge during interviews when discussing strategies and opportunities.
✨Tip Number 3
Practice your pitch! Whether it’s for a networking event or an interview, being able to clearly articulate our value proposition is crucial. We should rehearse how we’d present our ideas and experiences, especially around partnership strategies and deal closures.
✨Tip Number 4
Apply through our website! It’s the best way to ensure our application gets noticed. Plus, we can tailor our approach based on the specific requirements outlined in the job description, making it easier to showcase how we fit the Business Development Lead role perfectly.
We think you need these skills to ace Business Development Lead - Remote, OTE £110,000+ in Slough
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Business Development Lead role. Highlight your experience in managing partnerships and any relevant achievements that align with the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your past successes in business development and how they relate to the insurance industry. Let us know what excites you about joining StudySmarter!
Showcase Your Market Knowledge: Demonstrate your understanding of the local market landscape in your application. Mention any trends or dynamics you've noticed and how they could impact partnership opportunities. We love candidates who are proactive and insightful!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining the StudySmarter family!
How to prepare for a job interview at Edenbrook
✨Know Your Market Inside Out
Before the interview, dive deep into the local market landscape and trends relevant to the insurance industry. Be prepared to discuss specific opportunities you've identified and how they align with the company's strategic objectives. This shows you’re not just a candidate, but someone who understands the business.
✨Master the Business Development Lifecycle
Brush up on the full business development lifecycle, from market research to deal closure. Be ready to share examples of how you've successfully managed this process in the past, particularly focusing on your experience with partnership strategies and commercial negotiations.
✨Craft Compelling Business Cases
Prepare to discuss how you build robust business cases and financial models. Bring examples that highlight your ability to translate partner requirements into actionable plans, showcasing your analytical skills and understanding of revenue, margin, and IRR targets.
✨Engage Stakeholders Effectively
Highlight your stakeholder management skills during the interview. Share stories about how you've influenced and communicated with senior audiences, especially in pitching and presenting complex ideas. This will demonstrate your capability to engage effectively with both internal teams and external partners.
