At a Glance
- Tasks: Lead business development strategy and manage corporate partnerships for innovative insurance solutions.
- Company: Join Markerstudy Retail, a leading player in the UK insurance market.
- Benefits: Enjoy a competitive salary, private medical insurance, and a yearly bonus scheme.
- Other info: Flexible hybrid working with vibrant offices in Manchester, Peterborough, and London.
- Why this job: Make a real impact by driving growth and developing exciting new partnerships.
- Qualifications: Proven experience in business development within the UK insurance sector is essential.
The predicted salary is between 60000 - 80000 £ per year.
The Associate Director of Business Development for Markerstudy Retail is the spearhead for the "engine room" of growth and the role is designed to lead the business development strategy for Markerstudy Retail, specifically focusing on the acquisition and delivery of new corporate partnerships.
The Associate Director will be responsible for leading a high-performing team to identify, develop, and deliver innovative insurance propositions for corporate partners, managing everything from initial market mapping to final contract execution and solution design.
We are a flexible, hybrid working employer. We do have offices based in Manchester, Peterborough and London where frequent travel to would be expected although the primary role will be out and about seeing clients and partners as and when required.
Strategy & Pipeline Development- Strategic Growth: Develop and implement a robust business development strategy aligned with our growth objectives, specifically targeting the expansion of corporate partnership channels, primarily for motor, household and pet opportunities.
- Pipeline Management: Proactively build and manage a multi-stage pipeline of high-value corporate clients, ensuring a consistent flow of opportunities from lead generation to conversion.
- Sales Playbooks: Develop and implement repeatable sales processes and "playbooks" to standardise the approach to new business acquisition.
- Cross-Functional Collaboration: Work closely with commercial directors, product development, operations, technology and claims teams to ensure that new propositions are operationally viable and commercially sound. Manage the transition of new partnerships from the sales phase to full operational delivery, ensuring a seamless implementation for the partner.
- Contract Negotiation: Lead complex negotiations regarding commercial terms, service level agreements (SLAs), and contractual negotiations to ensure profitable and sustainable partnerships.
- Commercial Viability: Conduct financial analysis and develop business cases to justify new partnership investments to the Executive Leadership Team.
- Team Management: Direct and mentor a team of business development professionals, setting clear KPIs and fostering a culture of accountability and excellence.
- Performance Monitoring: Regularly report on team performance, pipeline health, and revenue targets to senior management.
Proven track record in senior-level business development within the UK insurance sector, with specific success in securing large-scale corporate or affinity partnerships. Demonstrated experience in leading, coaching, and developing high-performing sales or business development teams. Deep understanding of the UK personal lines market, regulatory requirements (FCA), and the dynamics of corporate partnerships.
Private Medical Insurance, yearly bonus scheme, 30 days annual leave plus Bank Holidays and the ability to buy additional leave (annual leave also increases with service), Life Assurance 4x annual salary, vibrant, modern offices.
Markerstudy Insurance Services Limited (MISL) is one of the largest Managing General Agents in the UK. With a strong presence in the UK motor insurance market, we specialise in niche motor cover, where our solid market knowledge and experience enables us to create highly targeted products. Our success is underpinned by our underwriting strategy to identify and apply special risk factors to the customers' advantage. We only transact business through professional UK insurance intermediaries and we take pride in fostering excellent working relationships.
Associate Business Development Director in Manchester employer: Vermelo
Contact Detail:
Vermelo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Business Development Director in Manchester
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks at events or online. The more people you know, the better your chances of landing that dream role.
✨Tip Number 2
Show off your skills! Prepare a killer pitch about your experience in business development and how you can drive growth. Practice makes perfect, so rehearse until it feels natural.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way. It shows you're keen and keeps you fresh in their minds as they make decisions.
✨Tip Number 4
Apply through our website! We love seeing applications directly from candidates who are excited about joining us. Plus, it gives you a better chance to stand out!
We think you need these skills to ace Associate Business Development Director in Manchester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Associate Director role. Highlight your experience in business development, especially in the insurance sector, and showcase any successful partnerships you've secured. We want to see how you can contribute to our growth!
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share your passion for business development and how your skills align with our objectives. Don't forget to mention your leadership experience and how you can drive a high-performing team!
Showcase Your Achievements: When filling out your application, be sure to include specific examples of your past successes. Whether it's securing a major partnership or leading a successful project, we love to see quantifiable results that demonstrate your impact in previous roles.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about our company culture and values!
How to prepare for a job interview at Vermelo
✨Know Your Market
Before the interview, dive deep into the UK personal lines market and understand the dynamics of corporate partnerships. Familiarise yourself with recent trends, key players, and regulatory requirements. This knowledge will not only impress your interviewers but also help you articulate how you can contribute to their business development strategy.
✨Showcase Your Leadership Skills
Be prepared to discuss your experience in leading high-performing teams. Share specific examples of how you've set KPIs, mentored team members, and fostered a culture of accountability. Highlighting your ability to drive performance will resonate well with the interviewers looking for someone to lead their business development efforts.
✨Prepare for Negotiation Scenarios
Since the role involves complex contract negotiations, think of scenarios where you've successfully navigated tough negotiations. Be ready to discuss your approach to achieving profitable and sustainable partnerships, as well as any challenges you faced and how you overcame them.
✨Demonstrate Strategic Thinking
The Associate Director role requires a robust business development strategy. Prepare to discuss how you would develop and implement strategies aligned with growth objectives. Bring examples of past strategies you've executed, focusing on pipeline management and innovative propositions that led to successful corporate partnerships.