At a Glance
- Tasks: Lead High Net Worth broker relationships and drive growth opportunities.
- Company: Hiscox, a leading brand in the insurance market with a unique culture.
- Benefits: Flexible working, strong growth potential, and a supportive team environment.
- Other info: Join a diverse team and enjoy a healthy work-life balance.
- Why this job: Make a real impact by shaping relationships and driving strategic outcomes.
- Qualifications: Experience in broker-facing roles and strong communication skills required.
The predicted salary is between 42750 - 52250 £ per year.
The Business Development Manager is responsible for leading High Net Worth broker relationships across the Midlands, maximising their value in line with Hiscox's strategic ambitions. You will take a partnership-led approach, aligning internal and external stakeholders to unlock growth opportunities, improve performance and strengthen market position. Success in this role requires a combination of relationship leadership, strategic thinking and the ability to use data-driven insight to drive meaningful commercial outcomes.
You will own and lead relationships with key High Net Worth brokers in your region, driving growth, profitability and long-term strategic alignment, whilst delivering mutually successful partnerships for both Hiscox and brokers. Deliver against clear revenue and growth targets, maintaining a high quality pipeline of case and portfolio opportunities in pursuit of account growth. Support Regional Management team in the forecasting and planning of regional financial plans.
Work closely with Strategic Account Managers, Regional Management and Senior Leadership team members to coordinate account management activity and ensure that we effectively deploy internal resources in order to maximise relationship development. Drive adoption of digital trading across your panel of brokers, liaising with internal stakeholders to improve the digital experience and maximise the digital distribution opportunity. Provide external insight that informs business decisions regarding opportunities and changes in the High Net Worth market.
Through close and consistent broker engagement, you will support Hiscox in building market leading propositions in collaboration with internal and external stakeholders. Work closely with New and Existing Business Underwriting teams to increase market penetration, enhance conversion, support retention and improve overall broker experience. You will maintain a high quality pipeline of case and portfolio opportunities in pursuit of account growth, as well as identifying and acting upon cross-sell opportunities across the portfolio of Hiscox products.
Take a data-led approach to decision making that drives improved commercial outcomes and enhancement of the broker experience. As an experienced Business Development Manager, you are ready to take ownership of a strategically important broker panel, where your ability to drive growth, influence direction and lead change will directly impact Hiscox's success. You bring strong fundamentals in account management, but more importantly, you combine this with a strategic mindset, commercial acumen and a desire to shape both relationships and outcomes.
You are comfortable operating at pace, influencing senior stakeholders and challenging the status quo to deliver better results.
Our must haves:
- Proven experience in a broker-facing or account management role within insurance
- Strong understanding of the UK insurance market, with knowledge of the High Net Worth space advantageous
- A track record of delivering growth and building strong relationships with broker partners
- Ability to operate independently, manage your own portfolio and take ownership of a regional patch
- A self-starter mindset, with the drive to identify opportunities and grow a book of business
- Excellent communication and interpersonal skills, with the ability to influence stakeholders at all levels
- Strong negotiation skills and commercial acumen
- Highly organised and resilient, with the ability to manage competing priorities
Diversity and flexible working at Hiscox: Hiscox UK is a leading brand in the insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs. We've introduced new hybrid ways of working to encourage a healthy work life balance. We see it as the best of both worlds: structure and sociability on one hand, and independence and flexibility on the other. Work with amazing people and be part of a unique culture.
Business Development Manager in Colchester employer: Hiscox Inc.
Hiscox is an exceptional employer, offering a dynamic work environment in York or Colchester where you can thrive as a Customer Sales Representative. With a strong focus on employee growth, comprehensive training, and a commitment to diversity, we empower our team members to excel while enjoying generous benefits like 25 days of holiday, flexible working options, and health coverage. Join us to be part of a supportive culture that celebrates success and prioritises customer satisfaction.
StudySmarter Expert Advice🤫
We think this is how you could land Business Development Manager in Colchester
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We think you need these skills to ace Business Development Manager in Colchester
Some tips for your application 🫡
Highlight Your Analytical Skills:In the business intelligence field, showcasing your analytical skills is a must. Make sure your CV includes relevant experience with data analysis tools, programming languages like SQL or Python, and any projects where you've interpreted complex data sets to drive business decisions.
Showcase Your Business Acumen:Don't just focus on data; show us how you can apply your insights to real-world business problems. Highlight projects where you made a tangible impact on company performance, and be prepared to explain your thought process in your cover letter.
Tailor Your Documents for Us:When applying for a full-time role at Hiscox Inc., tailor your CV and cover letter to reflect our organisational goals and strategies. Mention specific tools and methodologies that align with what we do—this shows you’ve done your homework and are genuinely interested in our mission!
Include Relevant Certifications:Certifications like Google Data Analytics or similar qualifications can really make you stand out in business intelligence. Include these in your application, as they demonstrate your commitment to the field and your willingness to stay current with industry standards.
How to prepare for a job interview at Hiscox Inc.
✨Show off your analytical skills
In a business intelligence role, you're going to need to demonstrate your analytical prowess. Be prepared to discuss specific tools you've used, like SQL, Tableau, or Power BI. Have real-world examples ready where you’ve turned data into actionable insights – this is what makes us shine in interviews!
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Expect some technical questions during the interview that dive deep into your understanding of data modelling and analytics frameworks. Brush up on your knowledge of data warehousing concepts and be ready to tackle any real case scenarios they might present. They’ll want to see how you approach problems using your BI toolkit.
✨Portfolio of Projects
Since it's a full-time role, having a strong portfolio is key! Compile case studies demonstrating your previous projects, preferably showing how your insights led to business improvements. This can help us display how you think through complex datasets and your problem-solving process, which is what employers are keen on seeing.
✨Know their business model
Get familiar with Hiscox Inc.’s business model and recent data-driven decisions. Be prepared to discuss how your skills can specifically support their objectives or challenges. Understanding their landscape shows that you’re not just a data buff, but you’re also genuinely interested in how BI can impact their bottom line.
