Business Development Manager

• Annual Salary: Up to £65,000per annum
• Location: Remote
• Job Type: Full-Time

Reed Insurance London are working with a leading provider of tailored credit insurance solutions, as a Business Development Manager. We specialise in helping businesses mitigate risks associated with non-payment and bad debts. This role offers the opportunity to drive new business, manage key introducer relationships, and contribute to our national growth.

Day-to-day of the role:

• Business Development & Sales:

  • Identify and target potential clients within relevant industries to generate new business opportunities.
  • Develop and execute strategic plans to drive new sales and expand our customer base across various trade sectors.
  • Present and explain complex credit insurance products to prospects and clients in a clear, compelling manner.
  • Negotiate and close deals with new clients, ensuring profitable and long-term relationships.
  • Maintain and develop strong relationships with our insurance partners.
  • Cultivate relationships with prospective clients within mid-market and strategic segments.
  • Collaborate closely with marketing to develop pipeline opportunities.
  • Understand prospects' detailed needs to provide bespoke solutions and service offerings that differentiate from the competition.

• Market Research & Industry Trends:

  • Stay updated with industry/sector trends, competitors, and changes in the credit insurance landscape to identify new opportunities.
  • Leverage market insights to adjust sales strategies and ensure alignment with client needs.

• Cross-Functional Collaboration:

  • Work closely with the introducer network to develop customised solutions and ensure smooth service delivery.

• Reporting & Performance Metrics:

  • Track and report on sales performance, pipeline status, and business development activities.
  • Meet or exceed quarterly and annual sales targets.

Required Skills & Qualifications:

• Experience:

  • 5+ years of experience in business development, sales, or account management, preferably in the credit insurance or financial services industry.
  • Proven track record of successfully generating new business, managing relationships, and meeting sales targets.

• Skills:

  • Strong understanding of credit insurance products and the financial risks businesses face.
  • Excellent communication, negotiation, and presentation skills.
  • Ability to build and maintain strong relationships with prospects and insurers at all levels.
  • Strategic thinker with the ability to understand and analyse market trends and prospect needs.

Benefits:

• Competitive salary and performance incentives.
• Opportunities for professional growth and development.
• Dynamic and supportive work environment.

To apply for the Business Development Manager position, please submit your updated CV!