Senior Business Development Manager- General Insurance 24F26

The Senior Business Development Manager in the General Insurance industry is a key leadership role responsible for driving business growth and expanding the company's market presence. This position demands strategic vision, excellent relationship-building skills, and a thorough understanding of the insurance sector. Reporting directly to the senior management team, the Senior Business Development Manager will lead a team to identify new business opportunities, develop strategic partnerships, and ensure the business meets its ambitious growth targets. The candidate must possess a proven track record in insurance sales and marketing, along with significant experience in managing cross-functional teams to achieve business objectives. The role requires excellent analytical skills, the ability to forecast market trends, and the capability to develop innovative strategies to outpace competitors in a rapidly changing market.

Responsibilities

• Develop and implement strategic business development plans to achieve corporate objectives.
• Identify and evaluate new business opportunities within the general insurance sector.
• Build and maintain strategic partnerships with key industry stakeholders and clients.
• Lead and manage a team of business development professionals to optimize sales performance.
• Conduct market research to stay abreast of industry trends and competitive landscape.
• Collaborate with marketing and product teams to enhance and diversify the insurance portfolio.
• Prepare and present sales forecasts and reports for senior management review.
• Coordinate and participate in industry events, conferences, and networking functions.
• Oversee the development and delivery of effective sales pitches and presentations.
• Negotiate and finalize contracts in alignment with the company's goals and regulations.
• Ensure compliance with industry regulations and company policies in all business activities.
• Drive cross-functional initiatives aimed at improving product offerings and customer satisfaction.

Requirements

• Bachelor’s degree in Business Administration, Marketing, or a related field is required.
• At least 8 years of experience in business development or sales in general insurance.
• Proven track record of achieving and exceeding sales targets in competitive markets.
• Strong leadership skills with experience in managing high-performing teams.
• Exceptional communication, negotiation, and interpersonal skills are mandatory.
• Ability to analyze data, forecast trends, and develop actionable business strategies.
• Adept at building and maintaining long-term relationships with industry stakeholders.
• Proficiency in CRM software and other industry-relevant technology tools.
• Willingness to travel for client meetings, conferences, and industry events.