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- Tasks: Drive sales growth and expand market presence for life and health products across the UK.
- Company: Dynamic insurance company focused on innovative group life and health solutions.
- Benefits: Competitive salary, career development opportunities, and a vibrant work culture.
- Why this job: Join a forward-thinking team and make a real impact in the insurance industry.
- Qualifications: Business degree and 2+ years in business development within the insurance sector.
- Other info: Opportunity to network at industry events and collaborate with diverse teams.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking a driven, entrepreneurial professional with a strong focus on partnerships to develop sales growth and market expansion across the UK for our client’s group life and health products. The ideal candidate will be a strategic thinker with expertise in group life/health products and a proven track record in business development.
ROLE AND RESPONSIBILITIES:
- Identify and develop new business opportunities within the UK & EU market for the new product.
- Build and maintain strong relationships with key stakeholders, including brokers, intermediaries, clients, and strategic partners.
- Conduct market research to understand client needs and the competitive landscape.
- Develop and execute strategic sales plans to achieve revenue targets and increase market share in the UK regions.
- Present and communicate the value proposition of the new product to prospective clients.
- Negotiate and close deals with potential clients.
- Provide feedback to the product development team to ensure alignment with market needs.
- Participate in industry events, conferences, and seminars to network and promote the company's offerings.
- Prepare regular reports on sales activities and progress toward targets.
- Segment the market and identify high-potential sectors and companies for targeted outreach.
- Provide training and support to internal teams and clients regarding product features and benefits.
- Contribute to business planning by developing accurate sales forecasts.
- Act as the main point of contact for clients, providing exceptional customer service throughout the sales process and beyond.
- Deliver tailored presentations and product demonstrations to prospective clients.
- Stay informed on industry trends, competitive products, and market shifts, sharing insights with the broader team to promote continuous learning.
- Collaborate with product and marketing teams to create promotional materials, sales collateral, and communication strategies.
- Ensure the successful closing of deals and seamless onboarding of new clients.
SKILLS AND COMPETENCIES:
- Strong communication, negotiation, and presentation skills.
- Ability to build and maintain long-term relationships with clients and key stakeholders.
- Highly motivated, with the ability to work independently and as part of a team.
- Proven track record of achieving sales targets and driving business growth in the UK market.
- Established network within the industry.
QUALIFICATIONS AND CERTIFICATIONS:
- A business degree in a related field.
- A minimum of 2 years of experience in a similar role within the insurance industry, specifically handling group life and health or related insurance products.
Business Development Manager in Birmingham employer: RMK Talent Solutions
Contact Detail:
RMK Talent Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Manager in Birmingham
✨Tip Number 1
Network like a pro! Attend industry events, conferences, and seminars to meet potential clients and partners. Building relationships is key in business development, so don’t be shy – get out there and connect!
✨Tip Number 2
Do your homework! Conduct thorough market research to understand client needs and the competitive landscape. This knowledge will help you tailor your pitch and show how our products can solve their problems.
✨Tip Number 3
Practice your pitch! Be ready to present and communicate the value proposition of our life and health products clearly and confidently. A well-prepared presentation can make all the difference in closing deals.
✨Tip Number 4
Stay in touch! After meeting potential clients, follow up with them regularly. Keeping the lines of communication open shows that you care and helps maintain those important relationships.
We think you need these skills to ace Business Development Manager in Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Business Development Manager role. Highlight your experience in partnerships and business growth, especially in group life and health products. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about this role and how your background makes you the perfect fit. Don't forget to mention any relevant achievements that showcase your strategic thinking and sales success.
Showcase Your Network: Since building relationships is key in this role, let us know about your established network within the industry. Mention any brokers, intermediaries, or clients you've worked with, as this can really set you apart from other candidates.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. Plus, it's super easy!
How to prepare for a job interview at RMK Talent Solutions
✨Know Your Product Inside Out
Make sure you have a solid understanding of the group life and health products you'll be discussing. Familiarise yourself with their features, benefits, and how they stand out in the market. This will help you confidently present the value proposition to potential clients.
✨Research the Market and Competitors
Before the interview, dive into market research. Understand client needs and the competitive landscape. Being able to discuss current trends and how your potential employer's products fit into the market will show that you're proactive and knowledgeable.
✨Prepare for Relationship Building Questions
Expect questions about how you build and maintain relationships with stakeholders. Have specific examples ready that demonstrate your ability to connect with brokers, clients, and partners. Highlight your negotiation skills and any successful deals you've closed in the past.
✨Showcase Your Strategic Thinking
Be prepared to discuss your approach to developing and executing strategic sales plans. Share examples of how you've identified new business opportunities and achieved sales targets. This will illustrate your entrepreneurial mindset and ability to drive growth.