At a Glance
- Tasks: Shape and expand the Individual Annuities distribution strategy while building key partnerships.
- Company: Leading UK insurance/Asset Manager with a focus on growth and innovation.
- Benefits: Hybrid working, excellent career prospects, and a collaborative culture.
- Other info: Opportunity for genuine influence and travel across the UK to meet partners.
- Why this job: Make a real impact in the retail retirement income market and influence future growth.
- Qualifications: Experience in business development within the life insurance or retirement income market.
The predicted salary is between 60000 - 80000 £ per year.
Miryco are currently partnering with a leading UK insurance/Asset Manager that's investing heavily in the growth of its Individual Annuities proposition. This is an exciting opportunity for an experienced Distribution Manager to play a pivotal role in shaping and expanding the firm's presence within the retail retirement income market.
If you have a strong network across the IFA and retirement income landscape and enjoy building commercial partnerships, this could be an excellent next step.
The OpportunityAs Distribution Manager, you'll be responsible for developing and executing the distribution strategy for the Individual Annuities business, establishing key partnerships and driving sustainable growth across adviser networks, specialist brokers and annuity comparison platforms.
Working closely with proposition, pricing and operational teams, you'll ensure the business delivers a market-leading experience for distribution partners and their clients.
Key Responsibilities- Develop and execute the distribution strategy for the Individual Annuities proposition.
- Build and strengthen relationships with national IFA firms, retirement income specialists and key distribution partners.
- Manage commercial negotiations with annuity comparison panels and quotation platforms.
- Lead the onboarding of new distribution partners while nurturing existing relationships through regular reviews and performance discussions.
- Collaborate with internal teams to ensure products and services continue to meet adviser and customer needs.
- Monitor market activity, competitor positioning and emerging distribution trends.
- Use MI and performance data to optimise distribution outcomes and improve conversion.
- Support Consumer Duty requirements by reviewing customer outcomes across distribution channels.
- Create broker-facing communications, product materials and training content.
- Track key performance metrics including quote volumes, conversion rates, premium income and pipeline.
We're keen to speak with professionals who have:
- Significant experience in business development, distribution or sales within the UK life insurance or retirement income market.
- Strong knowledge of the Individual Annuities sector.
- An established network across IFAs, retirement specialists, adviser networks and annuity distribution platforms.
- Excellent understanding of FCA regulation, Consumer Duty and the Open Market Option.
- Experience negotiating commercial distribution agreements.
- A strong appreciation of the end-to-end annuity customer journey from quotation through to policy inception.
- Excellent relationship management and stakeholder engagement skills.
- A commercial, data-driven approach with experience using MI to improve performance.
- The ability to work collaboratively across multiple internal teams.
Opportunity to join a highly respected and growing organisation at an exciting stage of its journey. Genuine influence over the future growth of a key business area. Collaborative, high-performing culture with excellent long-term career prospects. Hybrid working from London, with travel across the UK to meet adviser networks and distribution partners.
If you're interested in learning more, or would like to have a confidential conversation, please get in touch.
Distribution Manager – Individual Annuities in Slough employer: Miryco Consultants Ltd
Join a leading UK insurance and asset management firm that prioritises employee growth and collaboration, offering a dynamic work culture where your contributions directly influence the expansion of the Individual Annuities sector. With a strong focus on hybrid working from London, you will enjoy the flexibility to balance your professional and personal life while being part of a high-performing team dedicated to delivering exceptional results in the retirement income market.
StudySmarter Expert Advice🤫
We think this is how you could land Distribution Manager – Individual Annuities in Slough
✨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
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨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 Miryco Consultants Ltd. 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 Distribution Manager – Individual Annuities in Slough
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 Miryco Consultants Ltd.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Miryco Consultants Ltd. 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 Miryco Consultants Ltd
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Miryco Consultants Ltd 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 Miryco Consultants Ltd, 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 Miryco Consultants Ltd'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.
