At a Glance
- Tasks: Lead relationships with High Net Worth brokers and drive growth in the Midlands.
- Company: Join Hiscox, a leading brand in the insurance market known for innovation.
- Benefits: Enjoy flexible working, great employee benefits, and a supportive culture.
- Other info: Be part of a diverse team that values inclusivity and work-life balance.
- Why this job: Make a real impact by shaping broker partnerships and driving strategic growth.
- Qualifications: Experience in account management or broker-facing roles, with strong communication skills.
The predicted salary is between 40000 - 42500 £ per year.
About Hiscox UK
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.
The role
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.
What you’ll be doing
- 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.
- Work closely with New and Existing Business Underwriting teams to increase market penetration, enhance conversion, support retention and improve overall broker experience.
- 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.
About you
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
At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role. We’ve introduced new hybrid ways of working to encourage a healthy work life balance.
Why work here?
If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.
Business Development Manager - High Net Worth in Birmingham employer: Hiscox SA
Hiscox UK is an exceptional employer that prioritises employee growth and wellbeing, offering a unique culture that fosters collaboration and innovation. With a commitment to diversity and flexible working arrangements, employees can thrive in a supportive environment while driving meaningful outcomes in the High Net Worth insurance sector. Join us in Colchester or Birmingham to be part of a team that values your contributions and empowers you to build a brilliant future.
StudySmarter Expert Advice🤫
We think this is how you could land Business Development Manager - High Net Worth in Birmingham
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
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✨Look Out for Graduate Schemes
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✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Hiscox SA. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Business Development Manager - High Net Worth in Birmingham
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Hiscox SA.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hiscox SA. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Hiscox SA
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hiscox SA to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Hiscox SA, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Hiscox SA's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
