At a Glance
- Tasks: Lead and grow new business opportunities in insurance, annuities, and technology services.
- Company: Join a dynamic team at The Idol, focused on innovation and growth.
- Benefits: Competitive salary, generous holiday, hybrid working, and excellent health benefits.
- Other info: Flexible working environment with opportunities for travel and career advancement.
- Why this job: Make a real impact by driving business growth and building strategic partnerships.
- Qualifications: Proven experience in business development and strong relationship-building skills.
The predicted salary is between 60000 - 80000 £ per year.
Senior Business Development Manager
Department
Partnerships
Employment Type
Permanent - Full Time
Location
Penrith
Compensation
Description
Our Senior Business Development Manager will lead and grow The Idol's new business activity by identifying, developing and securing new commercial opportunities across our insurance, annuities and technology services propositions.
The role will build strategic relationships with prospective clients and partners, understand their ambitions and challenges, and position solutions that The Idol can provide to meet their needs.
The role will be responsible for creating and executing a new business growth strategy, establishing a strong market presence for The Idol, developing new channels and partnerships, and delivering sustainable new business revenue growth through the acquisition of new clients and opportunities.
The role will work closely with colleagues across our business to shape compelling propositions and bring new opportunities to market.
- Principles Accountabilities
- Responsible for the day-to-day and strategic growth of The Idol's new business pipeline, ensuring delivery of revenue, partnership and commercial growth targets.
- Lead the identification, assessment and pursuit of new business opportunities across The Idol's insurance, annuities and technology services offerings.
- Build and maintain strong relationships with prospective clients, partners and key stakeholders, developing a deep consultative understanding of their strategic objectives and challenges.
- Ensure every opportunity is taken to communicate The Idol's expertise, innovation and value proposition to prospective clients and partners.
- Identify and secure new commercial agreements and contracts which support The Idol's growth strategy, working with our Contracts Manager to negotiate these.
- Develop opportunities within the wider Legal & General Group by building relationships and identifying new business, partnership and proposition opportunities.
Champion The Idol's technology capabilities in the market, raising awareness of our services and generating demand through networking, relationship building and industry engagement.
- Work collaboratively with product, technology and commercial colleagues to help shape new solutions and propositions that meet market needs.
- Engage the appropriate technical experts and business stakeholders in sales conversations to develop credible, tailored solutions for prospective clients and partners.
- Build, maintain and manage a healthy and forecastable sales pipeline, providing regular reporting on opportunities, conversion rates and projected revenues.
- Monitor market trends, competitor activity and customer insight, ensuring opportunities and risks are identified and acted upon.
- Work closely with marketing colleagues to support demand generation activities and the development of targeted campaigns in new and existing sectors.
- Collaborate with the Head of Tech Partnerships to ensure a smooth transition of newly acquired strategic relationships into ongoing delivery and account management arrangements.
- Consider, relevant to the role, the needs and objectives of all our customers, including vulnerable customers, to ensure that they receive good outcomes.
- Knowledge, experience and qualifications
- Proven experience identifying, developing, negotiating and securing new commercial opportunities and contracts.
- Significant experience working within technology, software services and/or digital services environments.
- Demonstrable track record of delivering revenue growth through new business acquisition and strategic partnership development.
- Experience operating within a consultative or solution-selling environment, with the ability to adapt approach to different client sizes and sectors.
- Experience developing and maintaining senior stakeholder relationships across customer, partner and industry networks.
- Experience working collaboratively with technical, product and operational teams to develop and deliver commercial propositions.
- Experience using data, market insight and customer feedback to shape sales strategies and proposition development.
- Experience working within agile and fast-paced commercial environments.
- Behaviours
- Challenge positively
- Being curious and asking the questions that uncover new commercial opportunities that drive sustainable business growth.
- Inviting honest feedback and surfacing different perspectives to sharpen propositions and pitches.
- Seeing challenge as an opportunity to improve, testing assumptions about markets, partners, and where we can grow.
- Commit together
- Engaging effectively with colleagues, prospective clients, partners and stakeholders to build strong relationships that unlock new opportunities for growth.
- Bringing diverse skills and perspectives together, mobilising tech service colleagues and wider teams to shape winning solutions.
- Aligning behind shared growth goals and working smarter to turn opportunity into revenue.
- Act decisively
- Taking ownership of the new business pipeline and the outcomes it delivers for the business and customers.
- Prioritising the opportunities that matter most and working at pace to capture them before competitors do.
- Changing direction where required, showing flexibility and resilience in response to changing market conditions and business priorities.
- Using judgement and commercial acumen to make informed decisions and move deals forward in line with customer needs and business objectives.
- Providing verbal and written communication in English that is clear and concise to colleagues, senior management and external audiences.
- Scope
This is a full-time Monday to Friday role working an average 37.5 hours per week.
Hybrid flexible home/office working supported.
There is a requirement to attend the office in Cumbria approximately twice a month as well as travel for meetings with prospective clients, partners and stakeholders around the UK on a regular basis.
Salary in the range of £60,000 to £80,000 plus OTE Bonus depending on experience, 27 days holiday plus public holidays, plus performance rated bonus, enhanced pension, and generous private medical, family, sickness and insurance benefits, and share schemes.
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Senior Business Development Manager in Penrith employer: The idol
The Idol is an exceptional employer, offering a dynamic work environment in Penrith that fosters collaboration and innovation. With a strong focus on employee growth, we provide comprehensive benefits including a competitive salary, generous holiday allowance, and robust health insurance options, ensuring our team members feel valued and supported. Our hybrid working model promotes work-life balance while empowering employees to drive meaningful business development in the insurance and technology sectors.
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We think you need these skills to ace Senior Business Development Manager in Penrith
Some tips for your application 🫡
Highlight Your Analytical Skills:In the business intelligence field, showcasing your analytical skills is a must. Make sure your CV includes relevant experience with data analysis tools, programming languages like SQL or Python, and any projects where you've interpreted complex data sets to drive business decisions.
Showcase Your Business Acumen:Don't just focus on data; show us how you can apply your insights to real-world business problems. Highlight projects where you made a tangible impact on company performance, and be prepared to explain your thought process in your cover letter.
Tailor Your Documents for Us:When applying for a full-time role at The idol, tailor your CV and cover letter to reflect our organisational goals and strategies. Mention specific tools and methodologies that align with what we do—this shows you’ve done your homework and are genuinely interested in our mission!
Include Relevant Certifications:Certifications like Google Data Analytics or similar qualifications can really make you stand out in business intelligence. Include these in your application, as they demonstrate your commitment to the field and your willingness to stay current with industry standards.
How to prepare for a job interview at The idol
✨Show off your analytical skills
In a business intelligence role, you're going to need to demonstrate your analytical prowess. Be prepared to discuss specific tools you've used, like SQL, Tableau, or Power BI. Have real-world examples ready where you’ve turned data into actionable insights – this is what makes us shine in interviews!
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Expect some technical questions during the interview that dive deep into your understanding of data modelling and analytics frameworks. Brush up on your knowledge of data warehousing concepts and be ready to tackle any real case scenarios they might present. They’ll want to see how you approach problems using your BI toolkit.
✨Portfolio of Projects
Since it's a full-time role, having a strong portfolio is key! Compile case studies demonstrating your previous projects, preferably showing how your insights led to business improvements. This can help us display how you think through complex datasets and your problem-solving process, which is what employers are keen on seeing.
✨Know their business model
Get familiar with The idol’s business model and recent data-driven decisions. Be prepared to discuss how your skills can specifically support their objectives or challenges. Understanding their landscape shows that you’re not just a data buff, but you’re also genuinely interested in how BI can impact their bottom line.
