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- Tasks: Lead broker relationships and drive growth in a dynamic insurance environment.
- Company: Join a respected insurance provider with a strong reputation in the industry.
- Benefits: Enjoy competitive salary, opportunities for personal growth, and a chance to shape your role.
- Why this job: Be part of a new team, influence strategy, and connect with key industry players.
- Qualifications: Experience in business development within insurance is a must; strong communication and organization skills required.
- Other info: Opportunity to attend social events and network with brokers and clients.
The predicted salary is between 60000 - 84000 £ per year.
Job Title: Broker Development ManagerSalary: £70,000 – £80,000 DOE Location: West Midlands A highly regarded insurance provider is looking to expand their team with an experienced Broker Development Manager. The role will be responsible for bringing on new brokers, as well as managing and servicing the existing broker panel to ensure growth and profitability across various commercial lines. This is an exciting opportunity to join a newly created team within a big name business, and have the opportunity to make the role your own. Responsibilities include: Managing and developing relationships across the existing broker panel Ensure growth and profitability across the panel Work closely with members of the underwriting and senior leadership team on sales strategy Working towards personal and team targets Host and attend social events for brokers and key clients Requirements: Business development experience within the insurance industry is essential Have a good understanding of the MGA set up Ability to deliver financial targets Excellent time and diary management skills Excellent organisation skills Excellent relationship management Excellent communication skills If you have the relevant experience, please do not hesitate to contact us no…
Broker Development Manager employer: Lawes Consulting Group
Contact Detail:
Lawes Consulting Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Broker Development Manager
✨Tip Number 1
Network actively within the insurance industry, especially with brokers and MGAs. Attend industry events and seminars to meet potential contacts who could help you get your foot in the door.
✨Tip Number 2
Showcase your business development experience by discussing specific examples of how you've successfully brought on new brokers or managed existing relationships. This will demonstrate your capability to excel in this role.
✨Tip Number 3
Familiarize yourself with the company's current broker panel and their needs. Understanding their challenges and how you can provide solutions will set you apart during discussions.
✨Tip Number 4
Prepare to discuss your approach to achieving financial targets and how you manage your time effectively. Highlighting your organizational skills will show that you're ready to take on the responsibilities of this role.
We think you need these skills to ace Broker Development Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your business development experience within the insurance industry. Emphasize any previous roles where you successfully managed broker relationships and achieved financial targets.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Broker Development Manager position. Discuss how your skills in relationship management and communication align with the responsibilities outlined in the job description.
Showcase Relevant Achievements: Include specific examples of how you've contributed to growth and profitability in past roles. Use metrics to demonstrate your success in meeting or exceeding targets.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, as attention to detail is crucial in this role.
How to prepare for a job interview at Lawes Consulting Group
✨Showcase Your Business Development Experience
Be prepared to discuss your previous roles in business development within the insurance industry. Highlight specific examples where you successfully brought on new brokers or managed existing relationships, as this will demonstrate your capability for the Broker Development Manager position.
✨Understand the MGA Setup
Make sure you have a solid understanding of the Managing General Agent (MGA) structure and how it operates within the insurance market. This knowledge will be crucial in showing that you can effectively manage and develop broker relationships.
✨Demonstrate Your Relationship Management Skills
Prepare to share examples of how you've built and maintained strong relationships with brokers and clients. Effective relationship management is key in this role, so showcasing your interpersonal skills will be beneficial.
✨Discuss Your Time and Diary Management Techniques
Since excellent time and diary management skills are essential for this role, be ready to explain how you prioritize tasks and manage your schedule. Providing specific strategies or tools you use can help illustrate your organizational abilities.
