Business Development Manager in Kennington

Job ID: Posted: Location: London, England, United KingdomCategory: Actuarial & Risk ManagementCompany: Munich ReTogether, we engage with everything we have and are, to help humankind act braver and better.About UK Life Branch:With the office in Munich, it forms the Life 1 division of Munich Re. The UK life market is one of the, if not the, most competitive life markets in the world. We understand that Life insurers work in a dynamic market where medical progress, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is made even more challenging by changing laws and regulations and ever tougher competition. So we need a smart strategy and structure in order to succeed.At UK & Ireland Life we have three pillars to our business strategy, protection, longevity and reinsurance structuring. All three are key to the success of our business so it’s important to look at the big picture. In terms of clients, we trust them as experts of their business and provide them with the financial strength of the world’s largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable.About the role:We are looking for a high-performing Senior Business Development Manager to play an integral role in delivering Munich Re’s Ambition 2030 and strengthening our position as a strategic partner of choice in the UK and Irish life and protection market. This is a senior client-facing role for an experienced individual who can combine market insight, relationship leadership, disciplined execution and strong commercial judgement whilst acting as a trusted deputy and providing strategic support to the Head of Business Development.Key Responsibilities: Own and develop senior relationships with allocated clients, building trust, credibility and long-term partnership value.Develop and execute clear business development strategies that are aligned to Ambition 2030, client priorities, Munich Re’s risk appetite and profitability expectations.Generate and convert profitable new business opportunities across relevant product lines, ensuring commercial opportunities are appropriately prioritised and progressed.Take accountability for the profitability and performance of existing business, escalating and leading action where terms, rates, treaty structure or client engagement require review.Act as a trusted adviser to clients by understanding their strategy, market position, decision-making structures and reinsurance needs.Use market, competitor and client insight to identify emerging opportunities, threats and areas where Munich Re can differentiate its proposition.Lead complex client discussions and negotiations, balancing commercial growth, risk, profitability and relationship considerations.Coordinate internal expertise across pricing, underwriting, claims, operations, legal, product and senior leadership teams to deliver high-quality client outcomes.Support the Head of Business Development by driving forward agreed strategic priorities, providing clear client insight and acting as a senior representative of the Business Development function.Contribute to raising Munich Re’s profile in the UK and Ireland market through high-quality client engagement, market representation and proactive relationship-building.Support the development of Business Development Mangers through coaching and mentoring.Maintain disciplined records of client meetings, actions, opportunities and decisions through the company CRM system.The successful candidate will ensure:Client relationships are stronger, broader and more senior, with Munich Re viewed as a credible strategic partner.Business development activity is targeted, commercially disciplined and visibly aligned to Ambition 2030.New business opportunities are identified early, progressed with momentum and converted where they meet Munich Re’s commercial and risk criteria.The Head of Business Development has greater strategic support, market intelligence and senior capacity across priority client relationships.Internal teams are well coordinated, with clear ownership, timely follow-through and strong client delivery.Existing business is actively managed, with risks, profitability concerns and relationship issues addressed proactively.Development through feedback and reflection, seeking out opportunities to learn and demonstrate growth in the role.Competencies:Strategic mindset (we think big) – you look, plan and move into the future with clear intentions and purposeful actions, seeking regular feedback, that allows you to make decisions today that will lead the business towards its future commitments.Ensures accountability (we lead the ‘we’) – you hold yourself and others accountable to take responsibility and meet commitments, creating a culture where people own their decisions and actions and appreciate how they contribute to the team/organisation commitments.Managing complexity (we grow with our clients) – you make sense of complex and sometimes contradictory information to effectively solve problems, learning and sharing along the way.Sponsors work (we care and dare) – you know when to lead and when to let others lead, providing direction and delegating to others, empowering and trusting them to achieve their commitments. Develops talent (we care and dare) – you develop the team to meet their career ambitions, building capability at an individual and organisational level, preparing them for future opportunities. You discuss feedback and development regularly and promote a diverse and inclusive workforce.Being resilient (we are clear and authentic) – setbacks are unavoidable; however, you recover quickly, seek feedback, learn and unlearn and move forward with courage and commitment.Key Skills & Experience:Strong business development,