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Senior Vice President Business Development

Howden Insurance Brokers Limited·Posted 3 months ago

Location

All India

Experience

5–15 years

Required Skills

Business DevelopmentPipeline GrowthNeeds AssessmentRisk AnalysisSolution DesignProposalsNegotiationDeal ClosureRelationship ManagementRetentionMarket ResearchCompetitive IntelligenceReportingSales AnalyticsTeam CollaborationLeadershipClient EngagementFinancialBroking SoftwareSales Analytics Tools

About the Role

As a Business Development Manager specializing in corporate insurance sales, your role will involve the following key responsibilities:

  • • Identifying and prospecting potential corporate clients, including large enterprises and SMEs across India to build a robust sales pipeline and strategy.

  • • Conducting comprehensive risk assessments, understanding clients' business and insurance needs, and identifying gaps in existing coverage.

  • • Developing and presenting insurance broking proposals covering fire, marine, engineering, cyber, liability, employee benefits, and more, while collaborating with underwriters to negotiate optimal coverage and premiums.

  • • Engaging with corporate decision-makers to finalize agreements, ensuring favorable terms and meeting contract KPIs and revenue objectives.

  • • Serving as the primary contact for corporate clients, providing advisory services including renewals, claims support, and upsell opportunities to maintain high satisfaction levels and foster long-term engagement.

  • • Monitoring insurance industry trends, regulatory changes, and competitor behavior to adjust sales approaches and identify growth opportunities.

  • • Tracking performance against sales KPIs and revenue forecasts, preparing regular reports, dashboards, and market analysis for senior management.
  • Desirable Competencies:

  • • Established corporate client network and industry contacts.

  • • Track record of consistently exceeding sales targets and closing large accounts.

  • • Ability to mentor junior team members and lead through influence.

  • • Familiarity with financial/broking software and sales analytics tools.

  • • Willingness to travel for client engagement and expansion activities.
  • Professional Experience:

  • • 5-15 years of experience in corporate insurance sales or broking, preferably 7-8 years with at least 2-3 years in a leadership or team lead capacity for senior-level roles.

  • • Demonstrated understanding of broking dynamics, underwriting collaborations, and domain expertise across general insurance lines.
  • Qualifications & Experience:

  • • Any bachelor's degree or equivalent.

  • • MBA or advanced certifications (e.g. AIII, FIAI, CII, CPCU) preferred. As a Business Development Manager specializing in corporate insurance sales, your role will involve the following key responsibilities:
  • • Identifying and prospecting potential corporate clients, including large enterprises and SMEs across India to build a robust sales pipeline and strategy.

  • • Conducting comprehensive risk assessments, understanding clients' business and insurance needs, and identifying gaps in existing coverage.

  • • Developing and presenting insurance broking proposals covering fire, marine, engineering, cyber, liability, employee benefits, and more, while collaborating with underwriters to negotiate optimal coverage and premiums.

  • • Engaging with corporate decision-makers to finalize agreements, ensuring favorable terms and meeting contract KPIs and revenue objectives.

  • • Serving as the primary contact for corporate clients, providing advisory services including renewals, claims support, and upsell opportunities to maintain high satisfaction levels and foster long-term engagement.

  • • Monitoring insurance industry trends, regulatory changes, and competitor behavior to adjust sales approaches and identify growth opportunities.

  • • Tracking performance against sales KPIs and revenue forecasts, preparing regular reports, dashboards, and market analysis for senior management.
  • Desirable Competencies:

  • • Established corporate client network and industry contacts.

  • • Track record of consistently exceeding sales targets and closing large accounts.

  • • Ability to mentor junior team members and lead through influence.

  • • Familiarity with financial/broking software and sales analytics tools.

  • • Willingness to travel for client engagement and expansion activities.
  • Professional Experience:

  • • 5-15 years of experience in corporate insurance sales or broking, preferably 7-8 years with at least 2-3 years in a leadership or team lead capacity for senior-level roles.

  • • Demonstrated understanding of broking dynamics, underwriting collaborations, and domain expertise across general insurance lines.
  • Qualifications & Experience:

  • • Any bachelor's degree or equivalent.

  • • MBA or advanced certifications (e.g. AIII, FIAI, CII, CPCU) preferred.
  • HireIQ AI InsightsBeta

    Ideal Candidate

    A corporate insurance broker with 7–8 years of hands-on sales experience and proven ability to manage underwriter relationships and close 5+ crore+ accounts, who has already led a small team (2–4 people) and built a recognizable client network in the Indian mid-market or enterprise segment.

    Estimated Salary Range(medium confidence)

    1.8 Cr – ₹2.8 Cr per year

    Likely Interview Questions

    1. 1.Walk us through your largest corporate insurance deal in the last 3 years—how did you identify the gap, structure the proposal, and negotiate with underwriters to close it?
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