Insurance Business Development Manager
4 weeks ago
About iTCart
iTCart is a leading technology company that specializes in delivering AI-powered solutions across various industries, including banking, financial services, and insurance.
We are seeking an experienced Insurance Business Development Manager to join our team in Bengaluru, India. This role will play a critical part in driving the growth and expansion of our market presence.
Job Description:
The successful candidate will be responsible for leading strategic business development initiatives, managing client relationships, and collaborating with cross-functional teams to achieve sales targets. The Insurance Business Development Manager will report directly to the Regional Director of Business Development and will have a dotted line reporting to senior leadership, ensuring alignment with iTCart's global business strategy.
Key Responsibilities:
- Strategic Business Development: Identify and pursue new business opportunities, partnerships, and markets to drive growth and expand iTCart's market share.
- Client Relationship Management: Build and maintain strong relationships with key clients, understanding their needs and ensuring high levels of customer satisfaction.
- Sales Leadership: Lead and manage the business development team, setting clear goals and objectives, and ensuring the achievement of sales targets.
- Market Analysis: Conduct market research and analysis to identify trends, opportunities, and competitive landscape, informing strategic decision-making.
- Proposal Development: Oversee the development of high-quality proposals and presentations for potential clients, showcasing iTCart's value proposition.
- Cross-Functional Collaboration: Work closely with the product development, marketing, and operations teams to ensure the delivery of innovative and scalable solutions that meet client needs.
- Regulatory Compliance: Ensure that all business development activities comply with relevant industry regulations and standards.
Mandatory Qualifications:
- Education: Bachelor's degree in business administration, marketing, finance, or a related field. Master's degree or additional qualifications in AI, insurance, or technology management is preferred.
- Experience: Minimum of 10 years of experience in business development, sales, or a related role within the insurance or technology sectors.
- Industry Knowledge: Deep understanding of the insurance industry, including trends, challenges, and opportunities, as well as knowledge of AI-powered solutions.
- Regulatory Expertise: Strong knowledge of industry-specific regulations and compliance requirements.
Salary: ₹25,00,000 - ₹40,00,000 per annum
Benefits:
- Competitive Salary: We offer a highly competitive salary package, including performance bonuses and equity options.
- Opportunities for Growth: As a critical member of the business development team, you will have unparalleled opportunities for professional growth and career progression.
- Global Opportunities: With offices in Bengaluru, USA, UAE, and plans for further expansion, you will have the opportunity to work on high-impact projects globally.
Leadership Team:
iTCart is led by a powerful and experienced leadership team, each bringing their own expertise to the table:
- Mr. Jeffrey R. Hubbard – Co-Founder & Global CEO: With decades of international experience in leadership roles, Mr. Hubbard steers the company with a focus on global expansion, strategic partnerships, and transformative business practices.
- Mr. Mohammed Rohim Uddin – Co-Founder, Global CTO & General Manager: A visionary technology leader with over 20 years of experience in AI, digital transformation, and software development, Mr. Uddin has been instrumental in building iTCart's AI-powered frameworks and core solutions.
- Mr. Abdur Rehman Ajmal – Founder & Chairman: Representing the Ajmal Group's legacy, Mr. Ajmal brings a wealth of business acumen to iTCart, ensuring the company remains aligned with its mission and values.
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