Business Development Manager

Overview

• Lead business development initiatives to drive revenue growth and market expansion in the insurance sector.
• Collaborate with cross-functional teams to craft tailored client solutions and close high-value contracts.
• Identify emerging trends and opportunities to enhance competitive positioning and business strategy.
• Build and maintain strong relationships with clients, brokers, and industry partners to foster collaboration.
• Develop and present strategic sales reports, forecasts, and performance metrics to senior leadership.
• Stay informed on industry developments, regulatory changes, and competitor activities to adapt strategies effectively.
• Champion a customer-focused approach to ensure satisfaction and long-term partnerships.
• Promote innovation and collaboration within the team to achieve organizational goals.

Key Responsibilities & Duties

• Generate new business leads and expand the client base through strategic outreach and relationship building.
• Develop and execute comprehensive sales plans to meet and exceed revenue targets.
• Collaborate with underwriting teams to negotiate terms and finalize contracts with clients.
• Coordinate with marketing and claims departments to align sales strategies with organizational objectives.
• Analyze sales data to identify trends and opportunities for process improvement and growth.
• Prepare detailed sales reports and forecasts to inform strategic decision-making.
• Ensure adherence to ethical standards and compliance with industry regulations.
• Mentor and guide team members to enhance their skills and performance.

Job Requirements

• Bachelor’s degree in Business Administration, Sales, or a related field.
• Minimum of 3 years of experience in sales or business development, preferably in the insurance industry.
• Proven track record of achieving sales targets and driving revenue growth.
• Strong understanding of insurance products, underwriting processes, and market dynamics.
• Exceptional communication, negotiation, and interpersonal skills.
• Analytical mindset with proficiency in interpreting data and identifying actionable insights.
• Proficiency in sales software and Microsoft Office Suite.
• Existing network within the insurance industry is highly advantageous.