Job Description
Job title: Commercial Broker Development Manager - Insurance
Salary: 35000 - 65000
Location: South East England OR Midlands - Hybrid Working - 2 days in the office
Purpose of the Role
To support the Company to achieve our agreed Income Growth Targets. Manage relationships across a panel of Partner Brokers to exceed the overall strategic growth / Income plans. Develop and manage a high performing panel of Partner Brokers to achieve agreed GWP / Income targets and drive overall business performance to meet companywide objectives. Strengthen Broker Relationships & Engagement. Create Implement and drive defined joint business plans for select partner brokers. Play an active role supporting and delivering training / marketing / relationship management to effectively cultivate and create important trading partnerships. Ensure that all brokers partners achieve agreed growth targets and consistently operate in a compliant way.
Key Responsibilities
- Support Head of Sales & Distribution and the Underwriting team to develop / execute the overall company growth strategy.
- Lead & develop relationships with identified strategically important partner brokers.
- Collate and share notable successes and losses post renewal and NTU feedback on a monthly basis to their Key Stakeholders and Strategic Broker Partners for analysis and action as and where necessary
- Regularly communicate and engage with the overall team to ensure a clear understanding of agreed strategies / broker development plans and initiatives.
- Track manage and challenge performance of allocated broker panel using central MI reports.
- Encourage growth by fully understanding the products processes / procedures and key drivers while providing consultancy and advise for ongoing improvements.
- Identify Support Promote new campaigns initiatives and processes and ensure that the development team and underwriters take full advantage of all of the tools available to them.
- Have a full understanding of all strategic initiatives and assist with their roll out where required to panel of partner brokers.
- Support attend and host industry and / or key broker partner events.
Key Skills and Qualifications
- Experienced in managing and working within a field-based and / or an office-based sales team within commercial addition a high level of broking and / or business development experience is essential knowledge of and / or experience of operating within a similar business model.
- General knowledge of the Insurance market and legislation requirements
- Demonstrable experience delivering strategic growth plans and effectively managing multi-tier broker relationships.
- Business development relationship management and client management experience
- Ability to lead strategic level conversations to develop our business model.
- Ability to effectively manage conflict challenge existing ways of thinking and develop credible alternative solutions.
- A sound understanding of Insurers and their product offerings.
- Commercially astute with an understanding of business models and key drivers
- A collaborative and innovative approach to working.
- Act with integrity when working with stakeholders.
- Analytical skills to use data as a basis for commercial and strategic discussions.
- Excellent negotiation and communication skills
- Working knowledge of FCA regulation and FOS procedures
- A competent level of knowledge of MS office with good written oral and communication skills
Required Experience
Manager
Key Skills
- Business Development
- Sales Experience
- B2B Sales
- Marketing
- Cold Calling
- Account Management
- Territory Management
- Salesforce
- Affiliate Marketing
- CRM Software
- Negotiation
- Lead Generation
Employment Type
Full-Time
Experience
years
Vacancy
1