Senior Business Development Manager- General Insurance

Client of Talentmate

The Senior Business Development Manager in General Insurance is a critical role tasked with driving growth and revenue for a company's insurance offerings. This position requires an individual who can strategically identify opportunities, build strong relationships with clients, and develop comprehensive sales plans to penetrate the market effectively. The ideal candidate possesses an in-depth understanding of the general insurance sector, excellent communication skills, and a proven track record of meeting or exceeding sales targets. This senior-level position not only focuses on acquiring new business but also works on retaining and expanding existing client relationships. The role demands a dynamic professional who can adapt to market changes and devise strategies that align with the company s goals while ensuring customer satisfaction and loyalty.

Responsibilities

• Develop and execute strategic business development plans to achieve sales targets.
• Identify and pursue new business opportunities in the general insurance sector.
• Build and maintain strong, long-lasting client relationships with key stakeholders.
• Conduct market research to identify client needs, market trends, and competitor offerings.
• Collaborate with internal teams to develop customized insurance solutions for clients.
• Negotiate and close high-value contracts with potential clients and partners.
• Monitor industry developments and adjust business strategies accordingly.
• Prepare and present detailed sales reports and forecasts to senior management.
• Ensure compliance with company policies and industry regulations in all dealings.
• Participate in industry events and conferences to promote the company's brand.
• Mentor and guide junior team members to enhance their business development skills.
• Evaluate client feedback and implement improvements to service offerings and processes.

Requirements

• Bachelor s degree in business, marketing, finance, or a related field.
• Minimum of 5 years of experience in business development within the insurance industry.
• Proven track record of achieving and exceeding sales targets.
• Strong understanding of general insurance products and market dynamics.
• Exceptional negotiation, communication, and interpersonal skills are essential.
• Ability to build relationships and influence key decision-makers effectively.
• Proficient in Microsoft Office Suite and CRM software for managing sales activities.
• Demonstrated ability to develop and execute successful sales strategies.
• Ability to work independently as well as part of a team in a fast-paced environment.