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- Tasks: Lead and manage the end-to-end process of bids for insurance distribution deals.
- Company: Join Travelers, a top property casualty insurer with over 160 years of innovation and collaboration.
- Benefits: Enjoy hybrid work options, private medical insurance, 25+ days holiday, and wellness programmes.
- Why this job: Be part of a dynamic team driving business growth while making a positive impact in communities.
- Qualifications: Bachelor's degree and relevant experience in bid management or sales support within insurance.
- Other info: Professional certifications in bid or project management are a plus; strong analytical skills required.
The predicted salary is between 43200 - 72000 £ per year.
Who Are We?
Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Job Category
Sales
Target Openings
1
What Is the Opportunity?
Travelers is a leading provider of insurance solutions, committed to delivering exceptional service and innovative products to our clients. We are seeking a highly motivated and experienced Deals & Bids Manager to join our Distribution team and drive our business growth through strategic deal and bid management. The Deals & Bids Manager will be responsible for managing the end-to-end process of deals and bids within the distribution channel. This role involves coordinating with various internal and external stakeholders to ensure the successful submission of competitive and compliant bids. The ideal candidate will have a strong background in insurance, excellent project management skills, and the ability to work under pressure to meet tight deadlines.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.
What Will You Do?
- Lead the development and submission of high-quality bids and proposals for insurance distribution deals.
- Collaborate with sales, underwriting, legal, finance, and other relevant teams to gather necessary information and ensure alignment on bid strategies.
- Analyze and interpret bid requirements, ensuring compliance with all regulatory and company standards.
- Develop and maintain a comprehensive bid library, including templates, standard responses, and case studies.
- Conduct market research and competitor analysis to inform bid strategies and enhance the competitiveness of proposals.
- Manage the bid review and approval process, ensuring timely and accurate submissions.
- Track and report on bid outcomes, providing insights and recommendations for continuous improvement.
- Build and maintain strong relationships with key stakeholders, including brokers, agents, and clients.
- Stay up-to-date with industry trends, regulatory changes, and best practices in bid management.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Bachelor\’s degree in Business, Marketing, Insurance, or a related field.
- Relevant experience in bid management, sales support, or a related role within the insurance industry.
- Strong understanding of insurance products, distribution channels, and market dynamics.
- Excellent project management skills, with the ability to manage multiple bids simultaneously and meet tight deadlines.
- Exceptional written and verbal communication skills, with a keen attention to detail.
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint) and bid management software.
- Strong analytical and problem-solving abilities.
- Ability to work independently and as part of a team, with a proactive and results-oriented approach.
What is a Must Have?
- Professional certifications in bid management or project management (e.g., APMP, PMP).
- Experience with CRM systems and sales automation tools.
- Knowledge of regulatory requirements and compliance standards in the insurance industry.
What Is in It for You?
- Private Medical Insurance:On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday Entitlement:Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
- Volunteer Encouragement:We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
Employment Practices
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.
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Strategic Bids Manager employer: NewYork-Presbyterian Hospital
Contact Detail:
NewYork-Presbyterian Hospital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Strategic Bids Manager
✨Tip Number 1
Familiarise yourself with the insurance industry and its key players. Understanding the competitive landscape will help you tailor your approach when discussing bid strategies during interviews.
✨Tip Number 2
Network with professionals in the insurance sector, especially those involved in bid management. Attend industry events or join relevant online forums to build connections that could provide insights or referrals.
✨Tip Number 3
Brush up on your project management skills, as this role requires juggling multiple bids simultaneously. Consider taking a short course or certification to demonstrate your commitment to mastering these skills.
✨Tip Number 4
Stay updated on regulatory changes and compliance standards in the insurance industry. This knowledge will not only prepare you for interviews but also show your potential employer that you are proactive and informed.
We think you need these skills to ace Strategic Bids Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Strategic Bids Manager position. Understand the key responsibilities and required skills, so you can tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in bid management and the insurance industry. Use specific examples that demonstrate your project management skills and ability to work under pressure.
Showcase Communication Skills: Since exceptional written and verbal communication skills are crucial for this role, ensure your application is well-written and free of errors. Consider including a brief example of a successful bid or proposal you have managed.
Tailor Your Application: Customise your CV and cover letter to reflect the values and culture of Travelers. Mention how your personal values align with their commitment to customer care and community involvement, as highlighted in the job description.
How to prepare for a job interview at NewYork-Presbyterian Hospital
✨Understand the Role Thoroughly
Before the interview, make sure to read the job description carefully. Familiarise yourself with the responsibilities of a Deals & Bids Manager and think about how your experience aligns with these requirements. This will help you articulate your fit for the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to manage bids under pressure. Prepare examples from your past experiences where you successfully led a bid or overcame challenges in project management.
✨Showcase Your Communication Skills
As this role requires collaboration with various stakeholders, be ready to demonstrate your exceptional written and verbal communication skills. You might be asked to explain complex concepts clearly, so practice articulating your thoughts succinctly.
✨Research the Company and Industry Trends
Familiarise yourself with Travelers' position in the insurance market and current industry trends. Being knowledgeable about competitors and regulatory changes will show your genuine interest in the role and the company.
