Business Development Manager (Insurance)

London

£25,000 - £30,000

£30,000 - £35,000

Permanent

Our client are an Insurance Broker located in London, with Lloyd’s of London accreditation. They have direct access to the Lloyd’s market, which gives them the freedom to work across a variety of channels, maintaining high levels of professionalism, integrity and customer service throughout. The role is involved in highly exciting new markets and would suit a candidate with an insurance sales background.

 

On offer is an attractive salary and benefits package, including:

  • Excellent commission structure
  • Working environment close to Lloyd’s of London with direct access to the Lloyd’s market
  • Access to Pension Scheme
  • Great Annual Leave Benefit, sick pay and attendance bonus
  • Worldwide Multi Trip Travel Cover
  • Employee Rewards Scheme
  • Commitment to Employee Learning and Development
  • Access to Wellbeing Services and Discount Scheme

 

Duties:

  • Manage and be proactive in acquiring new business from UK and International brokers and customers in various classes of insurance
  • Ensure that all procedures are accurate, in line with FCA guidelines and in accordance with the Company’s International Procedure Documents.
  • Assist in the implementation of business strategies for direct business as well as broker business for the International division
  • Assist and service the business from any existing clients as required
  • Depending on your business knowledge, explore and develop market opportunities, converting enquiries into sales to actively grow the business
  • Ensuring that client customer service is paramount, ensuring team focus on generating new business and managing the renewals process
  • Ensure all workflow is processed in a timely manner to relevant systems, working with Technicians to ensure slips, endorsements and debit notes are prepared and detailed are uploaded to database
  • Assist in the implementation of new business strategies for direct business as well as broker business
  • Work with existing team to develop additional enquiries, contacts and sales in other business products, including attendance at various industry and networking events
  • Developing, expanding and negotiating with existing network of underwriters
  • Feedback competitive information and market intelligence to the Associate Director to remain current with market trends, which may require attendance at various Lloyds Conferences
  • Sourcing and attending meetings for new business opportunities to convert to business acquired
  • Have an understanding of how the functions of the role interlink with the rest of the business and liaising effectively with the Head Office departments
  • Committing to travel (UK and International) in order to meet potential customers and/or Brokers
  • Ensure the Associate Director is aware of critical decisions associated to your business activities, information is documented as required and the business systems are maintained to provide overview of current status of all enquiries
  • Binder day to day management as required
  • Learning and understanding the General & Medical Group structure and existing products and being able to learn and adapt to new insurance classes

 

Person Specification:

  • Insurance experience
  • Lead generation
  • Customer Service
  • Developing third party contracts
  • Meet work Targets
  • Understanding of the FCA, the Financial Ombudsmen Services, and both the London and International Markets
  • Excellent communication skills, including business level language skills
  • Forms positive working relationships, work as part of a team and remain positive and driven
  • Ability to record work accurately, and write and prepare reports and other correspondence effectively
  • Understand and maintain confidentiality
  • Ability to work independently and to use own initiative, with problem solving and decision-making ability
  • Good Microsoft Office Skills
  • Dependable and able to think strategically
  • Be flexible and able to adapt to evolving circumstances
  • Ability to work well under pressure
  • Ability to organise and follow through with scheduled appointments

 

Dominic Gold

Desk:

Mobile: 07494 397 019

Email: dominic.gold@bmcrecruitmentgroup.com

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