At a Glance
- Tasks: Lead relationships with High Net Worth brokers and drive growth for Hiscox.
- Company: Join a leading insurance company committed to diversity and flexible working.
- Benefits: Enjoy a competitive salary, flexible working hours, and a supportive team environment.
- Other info: Embrace a dynamic work culture with opportunities for personal and professional growth.
- Why this job: Make a real impact in the High Net Worth market while developing your career.
- Qualifications: Experience in account management and strong communication skills are essential.
The predicted salary is between 50000 - 65000 £ per year.
What you’ll be doing:
- 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 the 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, 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.
- 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. We’ve introduced new hybrid ways of working to encourage a healthy work life balance.
Business Development Manager - High Net Worth in Birmingham employer: Hiscox
Hiscox is an exceptional employer that prioritises the well-being and growth of its employees, offering a dynamic work culture that fosters collaboration and innovation. With a commitment to diversity and flexible working arrangements, employees can enjoy a healthy work-life balance while pursuing meaningful career development opportunities in the High Net Worth insurance sector. The company's focus on strategic partnerships and digital transformation ensures that team members are at the forefront of industry advancements, making it an exciting place to build a rewarding career.
StudySmarter Expert Advice🤫
We think this is how you could land Business Development Manager - High Net Worth in Birmingham
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Hiscox. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Business Development Manager - High Net Worth in Birmingham
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Hiscox.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Hiscox's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Hiscox
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Hiscox.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Hiscox will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Hiscox employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
