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Business Development Manager

Job Posted: a month ago

Salary: £ 40,000 - 65,000 / Annum
Job Type: Permanent
Location: Birmingham, West Midlands (County)

Expire in: 2 days

Job Description

Business Development Manager, UK - Life & Health Products

We are seeking a driven, entrepreneurial professional with a strong focus on partnerships to develop sales growth and market expansion across the UK for our client’s group life and health products. The ideal candidate will be a strategic thinker with expertise in group life/health products and a proven track record in business development.

ROLE AND RESPONSIBILITIES:

• Identify and develop new business opportunities within the UK & EU market for the new product.

• Build and maintain strong relationships with key stakeholders, including brokers, intermediaries, clients, and strategic partners.

• Conduct market research to understand client needs and the competitive landscape.

• Develop and execute strategic sales plans to achieve revenue targets and increase market share in the UK regions.

• Present and communicate the value proposition of the new product to prospective clients.

• Negotiate and close deals with potential clients.

• Provide feedback to the product development team to ensure alignment with market needs.

• Participate in industry events, conferences, and seminars to network and promote the company's offerings.

• Prepare regular reports on sales activities and progress toward targets.

• Segment the market and identify high-potential sectors and companies for targeted outreach.

• Provide training and support to internal teams and clients regarding product features and benefits.

• Contribute to business planning by developing accurate sales forecasts.

• Act as the main point of contact for clients, providing exceptional customer service throughout the sales process and beyond.

• Deliver tailored presentations and product demonstrations to prospective clients.

• Stay informed on industry trends, competitive products, and market shifts, sharing insights with the broader team to promote continuous learning.

• Collaborate with product and marketing teams to create promotional materials, sales collateral, and communication strategies.

• Ensure the successful closing of deals and seamless onboarding of new clients.

SKILLS AND COMPETENCIES:

• Strong communication, negotiation, and presentation skills.

• Ability to build and maintain long-term relationships with clients and key stakeholders.

• Highly motivated, with the ability to work independently and as part of a team.

• Proven track record of achieving sales targets and driving business growth in the UK market.

• Established network within the industry.

QUALIFICATIONS AND CERTIFICATIONS:

• A business degree in a related field.

• A minimum of 2 years of experience in a similar role within the insurance industry, specifically handling group life and health or related insurance products

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