Business Development Manager

Overview

• Drive sales strategies to achieve revenue goals and expand market presence in the insurance industry.
• Collaborate with underwriting teams and managers to develop effective client proposals and close high-value contracts.
• Identify growth opportunities and emerging trends to enhance competitive edge and market expansion.
• Build and nurture relationships with clients, brokers, and insurance partners to foster trust and collaboration.
• Prepare and present strategic sales reports, forecasts, and budgets to senior management.
• Stay updated with industry trends, competitor activities, and regulatory changes affecting the insurance space.
• Uphold company values and ensure compliance with relevant laws and regulations governing insurance sales operations.
• Build a motivating work environment that encourages innovation and a customer-centric approach.

Key Responsibilities & Duties

• Generate new business leads and promote various insurance products and services.
• Develop and implement strategic sales and distribution plans to achieve targets.
• Regularly report on pipeline progression and sales metrics to management.
• Coordinate with underwriting teams to negotiate terms and close contracts.
• Collaborate with departments like Claims and Marketing to align business objectives.
• Evaluate and improve sales processes, tools, and systems for enhanced productivity.
• Prepare strategic sales reports and forecasts highlighting growth potential.
• Ensure compliance with ethical standards and regulatory requirements in sales operations.

Job Requirements

• Bachelor’s degree in Business Administration, Sales, or a related field.
• Minimum of 3 years of sales experience in the insurance industry.
• Proven ability to develop and execute successful sales strategies and achieve revenue targets.
• Strong knowledge of insurance products, underwriting, and claims processes.
• Excellent communication, negotiation, and interpersonal skills.
• Analytical mindset with the ability to interpret data and identify trends.
• Proficiency in sales software and Microsoft Office Suite.
• Existing network within the insurance industry is highly desirable.