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Senior Business Development Manager
  • United Kingdom - Essex - Chelmsford -
1 year ago
Business Manager
Permanent,Full-time
Job Description

Purpose of the Role:

  • Grow, manage, co-ordinate and maintain high quality, profitable and cost-effective business relationships across Personal Lines Distribution, both with Group and 3rd Party relationships
  • Produces, drives and owns strategic budget plan to ensure delivery of required business targets
  • Ensure that all business relationships are managed to promote Geo/Midas Underwriting and stimulate confidence in the services we provide in the intermediary, Personal Lines sector
  • Support the achievement of the Geo Personal Lines Business Plan by ensuring the performance of your panel of intermediaries
  • To use your proven leadership and coaching skills to mentor Business Development Managers and other members of the business where appropriate.
  • Enhance and grow the Geo/Midas brand image and support intermediary marketing programmes by the innovative and creative use of marketing communication tools and techniques.
  • ‘Win’ and develop new intermediary accounts, build existing and identify new business opportunities
  • Help to identify additional distribution opportunities with existing and new products across SWH trading platforms nationally
  • Accountable for the identification, quoting, onboarding and finalisation of business.

Key Role Accountabilities:

Financial, Commercial & Business Management

  • Ensure revenue growth, retention and profit through active account management.
  • Accurate and timely delivery of sourced new opportunities and projects.
  • Monitor competitor actions and nurture ideas for development providing supporting financial rationale as required.
  • Propose and/or contribute to the design and development of product and point of sale documentation and ensure quality of all intermediary literature.
  • Introduce and promote understanding and enthusiasm for the emerging Geo/Midas brand in the intermediary sector.
  • Add value to the intermediary’s business by being a ‘Business Consultant’ and understand how intermediaries think and the pressures they face.
  • A pivotal role in ensuring that Geo/Midas develops a reputation as an Insurer Partner of first choice.
  • Take the lead on large corporate presentations and broker wide engagement sessions.
  • Collects and manages market feedback and business intelligence as required by the business to inform market decisions.

Intermediary Management

  • Develop intermediary relationships with the key intermediary decision makers at a tactical and strategic level.
  • Understand intermediary/end customer service requirements and agree delivery of these as required with Underwriting and Operations.
  • Communicate regularly and effectively with intermediaries to increase confidence and reinforce a ‘partnership’ approach.
  • Ensure focus is always maintained in understanding the changing needs of the intermediaries and their customers.
  • Make recommendations for the continual improvement of intermediary products and services which will generate added value in the intermediary market.

Service Management

  • Provide an all-round ‘first class’ service to intermediaries and make service an integral part of a partnership approach to all our intermediary relationships.
  • Lead in developing a culture of continuous improvement to ensure service ‘leadership’ in the market.
  • Propose and contribute to the design and development of improvement initiatives for both trading and service.
  • Develop a thorough understanding of the intermediary’s brand, business strategy and direction.

Required Knowledge, Skills, and Abilities
  • A strong understanding of marketing disciplines/approaches
  • An awareness of market industry trends together with the key players
  • Strong client relationship management skills with the ability to develop and exploit business relationships
  • Live the brand values and be a key ambassador for our business, products and services
  • Ability to identify, maintain and grow a large broker network
  • Able to work autonomously and within the team as required
  • Willing to travel nationwide to support new business and maintain existing lines.
  • Exceptionally self-driven and able to work on own initiative and drive the elements required to deliver the business plan.
  • Creative problem solver who can identify and provide solutions to customer’s demands.

Qualifications, skills & Experience:

  • A minimum 5 years’ general insurance experience.
  • Track record of expanding distribution networks.
  • Skilled negotiator and builder of strong and successful business relationships.
  • Results orientated achiever with a proven track record in building and driving the required sales results.
  • Highly commercial attitude and understanding of the drivers of volumes and profit within the business.
  • Excellent organisational, planning and communication skills.
  • Broad business knowledge and understanding of consumer insurance behaviour.
  • A good knowledge of the intermediary market dynamics with an ability to devise and deliver innovative and creative cost-effective solutions.
  • Promoting positive and engaged relationships with key stakeholders.
  • Strong understanding of the Intermediaries market with strong contacts within it.

Personal Development Knowledge and experience.

  • Ensure that personal knowledge and capabilities are consistent with market expectations.
  • Monitor and evaluate own performance and competence to ensure departmental compliance with our legal and customer obligations.
  • Focused on continuous professional development using the opportunities available within the business.

Reference no: 98973

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