At a Glance
- Tasks: Develop new business in the hedge fund sector and generate revenue across core Financial Lines products.
- Company: Join Howden, a global insurance group with a strong employee ownership culture.
- Benefits: Competitive salary plus commission, flexible working options, and a supportive team environment.
- Other info: Embrace a diverse culture that values innovation and personal development.
- Why this job: Make your mark in a dynamic role that drives growth and fosters meaningful relationships.
- Qualifications: Motivated individuals with excellent communication, sales skills, and a proactive attitude.
The predicted salary is between 30000 - 40000 ÂŁ per year.
Howden is a global insurance group with employee ownership at its heart. Together, we have pushed the boundaries of insurance. We are united by a shared passion and no-limits mindset, and our strength lies in our ability to collaborate as a powerful international team comprised of 24,000 employees spanning over 56 countries.
People join Howden for many different reasons, but they stay for the same one: our culture. Itâs what sets us apart, and the reason our employees have been turning down headhunters for years. Whatever your priorities â work/life balance, career progression, sustainability, volunteering â youâll find like-minded people driving change at Howden.
The RoleWe're seeking a dynamic and motivated Business Development Associate to join our exceptional Financial Institutions team. As one of the leading insurance brokers in the market, Howden offers an outstanding opportunity for ambitious, driven professionals who want to make their mark. In this role, you will focus on developing new business within the hedge fund sector, with potential exposure to the broader wealth management space. You will generate revenue across core Financial Lines productsâincluding D&O, Professional Indemnity, and Crimeâwhile also identifying opportunities to crossâsell solutions from across the wider Howden group.
This position is highly relationshipâdriven: you will excel at transforming connections into meaningful commercial opportunities, delivering creative solutions, and supporting our underwriting and claims colleagues to provide an exceptional client experience. As a key contributor to our growth strategy and forceâforâgood reputation in the industry, you will bring energy, confidence, and commercial insight to help elevate our presence in the financial services market.
What you'll do- Focus on developing business within the hedge fund sector, with potential expansion into the wealth management space.
- Responsible for generating revenue across core Financial Lines productsâprimarily D&O, Professional Indemnity, and Crimeâwhile also identifying opportunities to crossâsell wider group solutions.
- Work as part of a 75âperson Financial Institutions division, collaborating closely with a Business Development team of approximately 5.
- Compensation structure includes base salary plus commission, aligned to revenue generated for the team.
- Success measures include meeting revenue targets, effective CRM usage, strong presentation skills, networking ability, and being a proactive, energetic relationshipâbuilder.
- Strong motivation towards starting out a career in insurance.
- Excellent communication and collaboration skills. Our team thrives on effective communication and the ability to work together towards common goals.
- Sales and negotiation skills that will help you compete in a fast-paced market.
- Strong motivation and ambition in progressing into a career in insurance.
- An eye for detail to ensure that all records and client interactions are meticulously managed and maintained.
- A positive and proactive attitude, ready to take on challenges and determine the best paths to success.
- A commitment to continuous learning and development, with the ambition to grow within the company.
A career that you define. At Howden, we value diversity â there is no one Howden type. Instead, weâre looking for individuals who share the same values as us:
- Our successes have all come from someone brave enough to try something new.
- We support each other in the small everyday moments and the bigger challenges.
- We are determined to make a positive difference at work and beyond.
We're committed to providing reasonable accommodations at Howden to ensure that our positions align well with your needs. Besides the usual adjustments such as software, IT, and office setups, we can also accommodate other changes such as flexible hours or hybrid working.
If you're excited by this role but have some doubts about whether itâs the right fit for you, send us your application â if your profile fits the roleâs criteria, we will be in touch to assist in helping to get you set up with any reasonable adjustments you may require.
Business Development Associate employer: Howden Group
Contact Detail:
Howden Group Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Business Development Associate
â¨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, and donât be shy about reaching out on LinkedIn. The more connections you make, the better your chances of landing that Business Development Associate role.
â¨Tip Number 2
Show off your skills! Prepare a killer pitch that highlights your sales and negotiation abilities. When you get the chance to chat with potential employers, make sure you can confidently discuss how you can generate revenue and build relationships in the hedge fund sector.
â¨Tip Number 3
Research, research, research! Know everything you can about Howden and the Financial Institutions team. Understanding their culture and values will help you tailor your conversations and show that youâre genuinely interested in being part of their team.
â¨Tip Number 4
Donât forget to follow up! After any meeting or networking event, drop a quick thank-you email. It keeps you fresh in their minds and shows your enthusiasm for the role. Plus, itâs a great way to keep the conversation going!
We think you need these skills to ace Business Development Associate
Some tips for your application đŤĄ
Show Your Passion: When writing your application, let your enthusiasm for the insurance industry shine through. We want to see that you're genuinely excited about the role and how you can contribute to our team at Howden.
Tailor Your CV: Make sure to customise your CV to highlight relevant experience and skills that align with the Business Development Associate role. We love seeing how your background fits into our culture and goals!
Craft a Compelling Cover Letter: Your cover letter is your chance to tell us why you're the perfect fit for this position. Be sure to mention specific examples of your sales and negotiation skills, as well as your motivation to grow in the insurance sector.
Apply Through Our Website: We encourage you to submit your application directly through our website. Itâs the best way for us to receive your details and ensures youâre considered for the role. Plus, itâs super easy!
How to prepare for a job interview at Howden Group
â¨Know Your Stuff
Before the interview, dive deep into Howden's business model and the hedge fund sector. Understand the core Financial Lines products like D&O, Professional Indemnity, and Crime. This knowledge will help you speak confidently about how you can contribute to their growth strategy.
â¨Showcase Your Relationship Skills
Since this role is highly relationship-driven, prepare examples of how you've successfully built and maintained professional relationships in the past. Think about times when your networking led to tangible results, as this will resonate well with the interviewers.
â¨Demonstrate Your Sales Acumen
Brush up on your sales and negotiation skills. Be ready to discuss strategies you've used to close deals or overcome objections. Highlight your proactive approach and how you can generate revenue for the team, as this aligns perfectly with the role's expectations.
â¨Embrace Continuous Learning
Express your commitment to personal and professional development. Share any relevant courses or certifications you've pursued, and discuss how you plan to grow within the company. This shows that you're not just looking for a job, but a career path at Howden.