At a Glance
- Tasks: Drive growth and market penetration for Latent Defects Insurance in your region.
- Company: HSB is a leading provider of engineering and technology insurance solutions.
- Benefits: Enjoy 25 days leave, private medical insurance, and a 10% pension contribution.
- Why this job: Make a real impact by building relationships with developers and construction professionals.
- Qualifications: Experience in business development or sales in financial services or construction preferred.
- Other info: Join a diverse team that values innovation and offers excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
About us HSB (UK and Ireland) is a leading specialist provider of engineering, technology and structural warranty insurance solutions, plant and equipment inspection services, and engineering-based risk management activities in the UK and Ireland. HSB (UK and Ireland) consists of the parent company HSB Engineering Insurance Limited (HSBEIL) together with its two UK subsidiaries, HSB Engineering Inspection Services Limited (HSBEISL); and a regulated MGA, MD Insurance Services Limited (MDIS), which trades as Premier Guarantee or LABC Warranty. Collectively HSB is the UK and Ireland’s only group of companies solely focused on providing specialist engineering and technology insurance solutions and risk focused inspection services and assessments to its customers.
Job Purpose The Business Development Manager (BDM) is responsible for driving growth and market penetration of Latent Defects Insurance (LDI) and associated products and services within a particular geographical region. This role focuses on generating new business via relationships with a wide range of interested parties including developers, contractors, housing associations and construction professionals.
Key Responsibilities
- Market Development / Strategy
- Develop and execute regional growth strategies aligned with company objectives.
- Identify and target new business opportunities across defined segments within residential, commercial, and mixed-use developments.
- Have a clear engagement plan and rhythm, that ensures engagement both externally and internally up to and including account plans for key relationships.
- Client Engagement
- Build meaningful relationships across identified target clients.
- Develop comprehensive stakeholder maps, utilising your own identified relationships.
- Demonstrate/identify understanding of clients challenges both practically and strategically.
- Act as a trusted advisor, being the key contact for the business with agreed accounts.
- Internal Engagement
- Develop and regularly maintain comprehensive sales data and management information using the company pipeline tool.
- Communicate effectively sales performance, forecasts and ongoing activity to ensure other colleagues are engaged and supporting accordingly.
- Collaborate with key internal functions ensuring we are making us easy to do business with from a client perspective.
- Product & Technical Knowledge
- Maintain deep understanding of all IDI products, including coverage terms, technical requirements, and underwriting criteria.
- Provide feedback to proposition development team to enhance offerings and competitiveness.
- Targets
- Meet and where possible exceed the yearly targets for all products and services.
- Ensure the pipeline is used to show the route path to targets being achieved.
Skills & Experience
- Proven experience in business development or sales within financial services, insurance, construction, or property sectors.
- Proven strategic and planning capability that translates into business productivity.
- Excellent communication, negotiation, and relationship-building skills.
- Successful stakeholder management skills across complex organisations.
Qualifications and Educational Requirements
- Bachelor's degree in Business, Marketing, or a related field (preferred).
- Professional certifications in sales, business development, or financial services (desirable).
Personal Attributes
- Commercially astute – understands market dynamics and business drivers.
- Strategic thinker – able to see the bigger picture and plan accordingly.
- Proactive and self-motivated – takes initiative and drives activity without constant direction.
- Relationship-focused – builds trust and rapport with clients and colleagues.
- Resilient and adaptable – remains effective under pressure and adjusts to changing priorities.
- Collaborative – works well across teams and departments to achieve shared goals.
- Detail-oriented – ensures accuracy in planning, reporting, and client engagement.
- Credible and professional – presents confidently and maintains high standards.
- Customer-centric – prioritises client needs and delivers value.
- Analytical mindset – uses data and insight to inform decisions and strategies.
- Effective communicator – clear, persuasive, and engaging in both written and verbal formats.
- Results-driven – focused on achieving targets and delivering measurable outcomes.
Diversity, Equity & Inclusion
At HSB, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographical backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
Benefits
- 25 days Annual Leave + Bank Holidays + Well-being days.
- 10% Pension contribution from day 1.
- Eligibility for an Annual Bonus.
- Private Medical Insurance.
- Life Assurance.
- Wellbeing and Development Scheme + EAP.
- Study & continuing Professional Development Support.
- Hybrid Working.
Business Development Manager in Bristol employer: Münchener Rückversicherungs-Gesellschaft
Contact Detail:
Münchener Rückversicherungs-Gesellschaft Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Manager in Bristol
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join relevant groups. Building relationships can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Be proactive in your approach! Don’t just wait for job openings to pop up; reach out to companies you admire, like HSB, and express your interest. A well-timed email can make a lasting impression.
✨Tip Number 3
Showcase your expertise! Create a personal brand online by sharing insights related to business development and the insurance sector. This not only highlights your knowledge but also attracts potential employers.
✨Tip Number 4
Utilise our website to apply! We love seeing candidates who take the initiative to apply directly through our platform. It shows you're serious about joining our team and makes it easier for us to find you.
We think you need these skills to ace Business Development Manager in Bristol
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Business Development Manager role. Highlight your experience in business development, especially in the financial services or construction sectors. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for HSB. Share specific examples of how you've driven growth and built relationships in previous roles. This is your chance to show off your personality and passion!
Showcase Your Data Skills: Since we value a data-driven mindset, make sure to include any relevant experience you have with sales data and management tools. We love candidates who can use data to inform their strategies and decisions!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people. Plus, it shows us you’re serious about joining our team at HSB!
How to prepare for a job interview at Münchener Rückversicherungs-Gesellschaft
✨Know Your Market
Before the interview, dive deep into understanding the construction and insurance sectors, especially around Latent Defects Insurance. Familiarise yourself with current trends, challenges, and key players in the market. This knowledge will help you demonstrate your strategic thinking and ability to drive growth.
✨Build Your Engagement Plan
Prepare a clear engagement plan that outlines how you would approach potential clients like developers and housing associations. Think about how you can build meaningful relationships and what strategies you would use to identify new business opportunities. This shows you’re proactive and ready to hit the ground running.
✨Showcase Your Stakeholder Management Skills
Be ready to discuss your experience in managing complex stakeholder relationships. Prepare examples of how you've successfully navigated these dynamics in previous roles. Highlight your communication and negotiation skills, as these are crucial for a Business Development Manager.
✨Demonstrate Your Data-Driven Mindset
Since the role requires a comprehensive data-driven approach, come prepared with examples of how you've used data to inform your business strategies. Discuss any tools or methods you’ve employed to track sales performance and client engagement, showcasing your analytical mindset.