At a Glance
- Tasks: Drive growth in the insurance sector and build executive-level relationships.
- Company: Join Version 1, a leading tech partner with a strong focus on employee well-being.
- Benefits: Competitive salary, bonuses, flexible work, and comprehensive health coverage.
- Other info: Enjoy a supportive community and opportunities for professional growth.
- Why this job: Make an impact in the insurance industry with innovative AI solutions.
- Qualifications: Experience in business development within insurance services is essential.
The predicted salary is between 63000 - 77000 £ per year.
Version 1 has celebrated 30 years in business and continues to be trusted by global brands to deliver technology and transformation solutions that drive customer success. We foster strong partnerships with global technology leaders including Microsoft, AWS, Oracle, Red Hat, OutSystems, Snowflake, ensuring that our customers are provided with the highest quality solutions and services.
We are seeking a commercially driven and domain-knowledgeable Business Development Director to accelerate our growth across the Insurance sector, with a focus on Life & Pensions, Broker and General Insurance segments. This role will drive pipeline origination, build executive-level relationships, and lead go-to-market strategies across insurers, reinsurers, brokers, and administrators in the UK.
The ideal candidate will possess deep industry knowledge of insurance value chains, emerging digital and data-driven capabilities, and the ability to position solutions that solve for core system modernization, process automation, customer experience, risk optimization, regulatory compliance, and claims transformation.
- Strategic Account & Pipeline Development
- Identify, qualify, and target insurance accounts preferably across Life & Pensions, Broker, General and reinsurance sectors.
- Develop pursuit plans and account strategies aligned to policy administration, core process automation, claims, underwriting, and distribution modernization.
- Originate AI-led large transformation opportunities with Tier 2 and mid-sized insurers and brokers.
- GTM Execution & Solution Positioning
- Collaborate with solution architects and insurance domain SMEs to craft tailored value propositions.
- Lead workshops, bids, and presentations focused on AI-led automation, data modernization, legacy system transformation, and cloud adoption.
- Position techno functional solutions in areas such as intelligent document management, telematics-based underwriting, fraud analytics, and digital claims orchestration.
- Stakeholder Engagement & Relationship Management
- Establish trusted relationships with CIOs, Heads of Claims, COOs, and Chief Underwriters.
- Represent the organization at key insurance forums and regulatory roundtables.
- Market & Competitive Intelligence
- Monitor industry trends including regulatory updates (NAIC, ORSA, NYDFS, Climate Risk mandates etc.).
- Collaboration & Enablement
- Work with internal practices, cloud/data units, and partner ecosystems to develop domain-led campaigns.
- Enable sales enablement across the insurance vertical and mentor junior team members.
Qualifications Required Experience & Skills
- Strong understanding of insurance regulatory environment and operating models.
- Strong experience in Business Development or sales experience in Insurance Services.
- Strong experience in Life & Pensions, Broker and/or General Insurance segments in the UK / Ireland.
- Demonstrated success in selling consulting, transformation, or managed services to insurers.
- Exposure to platforms such as Sapiens, Majesco, Salesforce FSC, Snowflake, and analytics suites preferable but not mandated.
Preferred Qualifications
- Bachelor's/ Master's degree in Business, Insurance, or Technology.
- Proven experience in business development within a medium to large scale IT services provider specifically into the Insurance sector.
- Experience with AI/ML use cases in underwriting, claims, and fraud.
- Familiarity with cloud ecosystems (AWS, Azure), actuarial data environments, and Insurtech integration.
We celebrate diversity and are committed to creating an inclusive environment for all employees. We offer peer mentorship programs and career development opportunities to help you reach your full potential, giving you full access to modern learning platforms to grow your skills. We understand the importance of work-life balance and offer flexible working arrangements. Join a team that values collaboration, respect, and mutual support. We provide the latest AI models and technologies, encouraging and coaching you to build digital co-workers to help you drive efficiencies and generate new sources of value in your role.
At Version 1, we believe in providing our employees with a comprehensive benefits package that prioritises their well-being, professional growth, and financial stability. We also offer a range of tech-related benefits, including an innovative Tech Scheme to help keep our team members up-to-date with the latest technology. We prioritise the health and safety of our employees, providing private medical and life insurance coverage, as well as free eye tests and contributions towards glasses. Our team members can also stay ahead of the curve with incentivised certifications and accreditations, including AWS, Microsoft, Oracle, and Red Hat.
Business Development Executive - Insurance Sales in Manchester employer: Version 1
At Version 1, we pride ourselves on being an award-winning employer that places our employees at the heart of everything we do. With a strong commitment to professional growth, inclusive culture, and work-life balance, we offer a comprehensive benefits package that includes private medical insurance, flexible working arrangements, and access to cutting-edge technology. Join us in a collaborative environment where your contributions are valued, and you can thrive in your career while making a meaningful impact in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Business Development Executive - Insurance Sales in Manchester
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Version 1. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Business Development Executive - Insurance Sales in Manchester
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Version 1.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Version 1's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Version 1
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Version 1.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Version 1 will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Version 1 employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
