B2B Manager - Business Development - Insurance Broking Job Description Template
The B2B Manager - Business Development - Insurance Broking is responsible for driving the growth of client accounts within the insurance industry. This role involves identifying new business opportunities, developing strategies to secure new clients, and maintaining robust client relationships to ensure customer satisfaction and retention.
Responsibilities
- Identify and develop new business opportunities within the insurance broking sector.
- Build and maintain strong relationships with potential and existing clients.
- Develop and execute strategic sales plans to achieve business growth targets.
- Collaborate with internal teams to ensure client needs are met and service delivery is optimized.
- Negotiate contracts and close agreements to maximize profits.
- Monitor market trends and competitor activities to adapt business strategies accordingly.
- Prepare and deliver presentations on insurance products and services to clients.
- Provide regular reports on sales performance and business development activities.
Qualifications
- Bachelor's degree in Business Administration, Finance, or a related field.
- Proven experience in business development within the insurance broking sector.
- Strong understanding of insurance products and industry regulations.
- Excellent communication and negotiation skills.
- Ability to develop and maintain professional relationships.
- Self-motivated with a results-driven approach.
Skills
- Salesforce
- CRM Software
- Microsoft Office Suite
- Market Research
- Strategic Planning
- Client Relationship Management
- Negotiation
- Presentation Skills
Frequently Asked Questions
A B2B Manager in Business Development for Insurance Broking is responsible for identifying new business opportunities and building relationships with corporate clients. They focus on expanding the brokerage's market presence, designing and negotiating insurance solutions tailored to client needs, and ensuring customer satisfaction. They play a pivotal role in growing revenue streams by acquiring new accounts and maintaining existing ones.
To become a successful B2B Manager in Insurance Broking, candidates should possess a strong background in sales and business development, ideally in the insurance sector. A bachelor's degree in business, finance, or a related field is typically required. Certifications in insurance broking can enhance a candidate's profile. Excellent negotiation, communication, and relationship-building skills are essential for success in this role.
The average salary for a B2B Manager in Business Development within the insurance broking sector varies based on experience, location, and company size. Typically, the role offers a competitive base salary with performance-based bonuses or incentives. Compensation packages often include additional benefits such as healthcare, retirement plans, and insurance policies.
Qualifications needed for a B2B Manager in Insurance Broking usually include a bachelor's degree in finance, business, or a related field. Professional certifications in insurance broking, such as CPCU or CISR, are advantageous. Companies often look for several years of experience in sales, client management, and the insurance industry to ensure candidates can handle complex insurance solutions.
A B2B Manager in Insurance Broking requires strong skills in sales, negotiation, and communication. The role involves identifying business opportunities, building client relationships, and managing accounts. They must understand insurance products and market trends to create customized solutions. Strategic thinking, customer-focused approach, and the ability to work under pressure are crucial for success.