Business Development Manager
3 days ago
Business Development Manager (Bahrain-based for Advisory Division)
About Employer:
Braxtone Group consists of 4 Divisions having its operation in Bahrain, Oman and Dubai.
Location: Manama, Bahrain
Work Style: In-person
Job Type: Full time
Job Description
Main Purpose of Job:
The Business Development Manager will play a pivotal role in driving the firm's growth by identifying and securing business opportunities within the GCC insurance sector. The purpose of the role is to enhance the firm's market presence, build lasting client relationships, and increase revenue by offering tailored consultancy services to insurance companies, brokers, and other stakeholders in the industry. The BDM will act as a bridge between client needs and the firm's service offerings, ensuring alignment with strategic objectives and industry demands.
Reporting Line: Direct report to COO, matrix report to Regional Head of Advisory
Key Responsibilities:
- Strategic Planning & Execution:
- Develop and implement a business development strategy tailored to the insurance sector, aligning with the firm's overall goals.
- Identify and prioritize target markets and client segments within the insurance sector.
- Proactively identify, qualify, and secure new clients within the insurance sector.
- Build and maintain strong relationships with decision-makers at insurance companies, brokers, and other industry stakeholders.
- Represent the firm at industry events, conferences, and networking opportunities to promote services.
- Monitor industry trends, regulatory changes, and competitor activities to identify new opportunities.
- Provide insights and recommendations to adapt services to meet evolving client needs and market demands.
- Prepare high-quality proposals, presentations, and service agreements tailored to client needs.
- Lead contract negotiations, ensuring alignment with company policies and profitability goals.
- Work closely with internal teams, including consulting, marketing, and operations, to ensure seamless delivery of services.
- Provide feedback from clients to refine service offerings and improve client satisfaction.
- Set and achieve business development targets and KPIs, reporting regularly to senior management.
- Maintain accurate records of all sales activities, prospects, and client interactions using CRM systems.
Educational, Skills and Experience:
- Bachelor's degree in Business Administration, Marketing, Insurance, or a related field.
- A professional certification (e.g., CII, CPCU) is required.
- Minimum of 7 years of experience in business development, sales, or a related role within the insurance sector.
- Proven track record of generating revenue and closing deals with insurance companies, brokers, or loss adjusters.
- Strong understanding of the GCC insurance industry, including regulatory frameworks, market trends, and operational processes.
- Fluent in Arabic and English.
- Goal-oriented, self-motivated, and driven to succeed in a competitive environment.
- Strategic thinker with a proactive approach to identifying and solving challenges.
- Team player with the ability to collaborate across departments and lead initiatives.
- Excellent communication and interpersonal skills with the ability to build lasting relationships.
- Strong negotiation, presentation, and proposal writing abilities.
- Analytical mindset to assess market opportunities and client needs effectively.
- Proficiency in Microsoft Office Suite and CRM tools.
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