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Business Development Manager

Business Development Manager

eCOVERS Insurance BrokerCity Of London, England, United Kingdom
2 days ago
Job type
  • Full-time
Job description

Overview

Location : 30 St Mary Axe, City of London, London EC3A 8BF

Ecovers Insurance Broker specializes in motor and non-motor insurance products. We pride ourselves on offering tailored services that meet the unique needs of our clients, with a focus on delivering excellent customer service and innovative insurance solutions. Ecovers aims to stay at the forefront of the evolving insurance landscape and provides a collaborative, inclusive, and forward-thinking environment where employees can thrive.

Job Overview : We are seeking a highly motivated and experienced Business Development Manager to identify and develop new business opportunities to drive growth and expansion within the company. The ideal candidate will have at least five years of experience in a business development role within the insurance industry, with a strong understanding of both motor and non-motor insurance markets.

Responsibilities

  • Market Expansion : Research and identify new business opportunities and potential partners in the motor and non-motor insurance sectors.
  • Strategic Partnerships : Establish and maintain strong relationships with key stakeholders, including insurance companies and other industry players, to foster collaboration and create new revenue streams.
  • Business Growth : Lead the development and execution of business development strategies that align with company goals and drive profitable growth in existing and new markets.
  • Sales and Lead Generation : Drive the lead generation process and sales strategy for both motor and non-motor insurance products, ensuring the development of an effective pipeline.
  • Customer Needs Assessment : Work closely with the marketing and product teams to understand customer needs, market trends, and competitor activities to ensure competitive offerings.
  • Proposal Development : Prepare detailed business proposals, including pricing strategies, presentations, and reports, to present to potential clients and partners.
  • Contract Negotiation : Negotiate terms and conditions of contracts, ensuring favorable agreements for the company while meeting client needs.
  • Market Intelligence : Stay up to date with industry trends, emerging opportunities, and regulatory changes within the motor and non-motor insurance sectors.
  • Collaboration : Collaborate with internal teams such as marketing and operations to ensure smooth execution of business development initiatives and successful partnerships.
  • Reporting : Track and report on business development progress, including KPIs, opportunities, and pipeline activities to senior management.

Qualifications

  • At least 2 years of proven experience in business development, sales, or related roles within the insurance industry.
  • Strong knowledge of the motor and non-motor insurance markets.
  • Excellent negotiation and communication skills, with the ability to build relationships at all levels.
  • Ability to analyse market trends and customer behaviour to identify new opportunities.
  • Strong understanding of business strategy and financials.
  • Proven track record of achieving or exceeding sales and business development targets.
  • Experience with contract negotiation and proposal development.
  • Ability to work both independently and as part of a team in a fast-paced environment.
  • Bachelor's degree in Business Administration, Marketing, or a related field. An advanced degree (e.g., MBA) is a plus.
  • CII qualification will be an advantage.
  • Desired Skills

  • Strong network within the insurance industry.
  • Knowledge of the regulatory landscape in motor and non-motor insurance markets.
  • Ability to work in a cross-functional environment and collaborate with various departments.
  • Note : This description reflects the duties and requirements as provided. If you are an ambitious individual with a passion for driving business growth in the insurance sector, we would love to hear from you. Apply today to join our dynamic team!

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    Development Manager • City Of London, England, United Kingdom

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