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For Companies At a Glance
- Tasks: Drive business growth by identifying opportunities and building client relationships.
- Company: Join a modern, independent insurance brokerage based in Leeds, established in 2020.
- Benefits: Enjoy competitive salary, bonuses, private medical insurance, and career development opportunities.
- Why this job: Be part of a supportive team making a real impact in the community through tailored insurance solutions.
- Qualifications: 2+ years in business development within insurance; strong communication and analytical skills required.
- Other info: Work in a collaborative environment with opportunities for professional growth.
The predicted salary is between 36000 - 60000 £ per year.
About the job Business Development Manager
Established in 2020, our clientis a modern, independent insurance brokerage based in Leeds. Who specialise in providing comprehensive risk management and insurance solutions tailored to the unique needs of their clients across various sectors. Theircommitment is to protect not just assets but also the well-being of our community.
Role Overview: We are seeking a dynamic and results-driven Business Development Manager to join our team. The successful candidate will be responsible for identifying new business opportunities, building and maintaining strong client relationships, and driving the growth of our commercial insurance portfolio. This role requires a strategic thinker with a deep understanding of the insurance industry and a proven track record in sales and business development.
Key Responsibilities:
- New Business Acquisition: Identify and pursue new business opportunities to expand our client base and increase revenue.
- Client Relationship Management: Develop and maintain strong relationships with existing and potential clients, ensuring high levels of client satisfaction and retention.
- Market Research: Conduct market research to stay abreast of industry trends, competitor activities, and emerging opportunities.
- Proposal Development: Prepare and present tailored insurance solutions to meet the specific needs of clients.
- Collaboration: Work closely with internal teams, including underwriting and claims, to ensure seamless service delivery.
- Reporting: Provide regular reports on sales activities, pipeline status, and forecasts to senior management.
Key Skills and Qualifications:
- Experience: Minimum of 2 years of experience in business development within the insurance broking industry.
- Communication Skills: Excellent verbal and written communication skills, with the ability to engage and influence stakeholders at all levels.
- Analytical Skills: Strong analytical and problem-solving abilities, with a keen attention to detail.
- Self-Motivation: Proactive and self-motivated, with the ability to work independently and as part of a team.
- Technical Proficiency: Proficient in Microsoft Office Suite and familiar with CRM software.
- Competitive salary with performance-based bonuses.
- Comprehensive benefits package, including private medical insurance and pension scheme.
- Opportunities for professional development and career progression.
- Supportive and collaborative work environment.
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Business Development Manager employer: The Summit Group
Contact Detail:
The Summit Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Manager
✨Tip Number 1
Network within the insurance industry by attending relevant events and conferences. This will help you meet potential clients and industry leaders, giving you an edge in understanding market trends and opportunities.
✨Tip Number 2
Research the company thoroughly before your interview. Understand their unique selling points and recent developments in the insurance sector to demonstrate your genuine interest and knowledge during discussions.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully acquired new business or managed client relationships in the past. Use metrics and outcomes to showcase your impact and effectiveness in previous roles.
✨Tip Number 4
Familiarise yourself with the latest CRM tools and software that are commonly used in the insurance industry. Being able to speak confidently about your technical proficiency can set you apart from other candidates.
We think you need these skills to ace Business Development Manager
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the key responsibilities and qualifications required for the Business Development Manager position. Tailor your application to highlight how your experience aligns with these requirements.
Craft a Compelling CV: Ensure your CV is up-to-date and clearly outlines your relevant experience in business development, particularly within the insurance industry. Use quantifiable achievements to demonstrate your success in previous roles.
Write a Tailored Cover Letter: Your cover letter should specifically address the company and the role. Highlight your understanding of the insurance sector, your strategic thinking abilities, and how you can contribute to their growth. Make it personal and engaging.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in a client-facing role.
How to prepare for a job interview at The Summit Group
✨Know Your Industry
Make sure to brush up on the latest trends and developments in the insurance industry. Being able to discuss current market conditions and competitor activities will show that you are proactive and knowledgeable, which is crucial for a Business Development Manager.
✨Demonstrate Relationship-Building Skills
Prepare examples of how you've successfully built and maintained client relationships in the past. Highlight your communication skills and ability to engage stakeholders at all levels, as this is key to the role.
✨Showcase Your Analytical Abilities
Be ready to discuss how you've used analytical skills to identify new business opportunities or solve problems in previous roles. Providing specific examples will help illustrate your capabilities and attention to detail.
✨Prepare Tailored Proposals
Think about how you would approach developing tailored insurance solutions for potential clients. Be prepared to discuss your thought process and any relevant experiences where you successfully presented proposals that met client needs.
