Business Development Manager (Riyadh-based) - Braxtone Group

Business Development Manager (Riyadh-based) - Braxtone Group

The Business Development Manager will play a pivotal role in driving the firm's growth by identifying and securing business opportunities within the Saudi 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.

Main Purpose Of Job

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 Regional Head of Advisory matrix report to COO.

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.
• Client Acquisition & Relationship Management : 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.
• Market Research & Insights : 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.
• Proposal Development & Negotiation : Prepare high-quality proposals, presentations, and service agreements tailored to client needs.
• Lead contract negotiations, ensuring alignment with company policies and profitability goals.
• Collaboration & Coordination : 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.
• Performance Management : 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.

Business Development KPIs / target

Educational, Skills And Experience

Braxtone Group is an equal opportunities employer and welcomes applications from diverse candidates.

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