":"

Location : Chennai (On-site)

Compensation : Up to INR 15 L (Fixed) + Industry-Leading Performance Incentives

The Role

Were looking for a Business Development Manager to drive new business growth across the Employee Benefits vertical. Youll be responsible for acquiring and closing mid-market and enterprise accounts while owning the complete sales cycle from prospecting to closure.

This role requires a consultative sales approach, strong relationship management, and the ability to navigate complex buying processes involving HR, Finance, and leadership stakeholders. Youll work closely with Placement, Client Success, and internal teams to deliver competitive solutions and create long-term client partnerships.

Success in this role is measured by revenue generation, new customer acquisition, pipeline quality, and the ability to consistently close high-value opportunities.

What Youll Own

- Revenue : Own new business revenue by acquiring and closing Employee Benefits accounts across mid-market and enterprise segments.

- Sales Pipeline: Build and manage a healthy sales pipeline through outbound prospecting, referrals, existing relationships, and strategic opportunities.

- Sales Cycle: Lead the complete sales process including discovery, solution design, proposal development, commercial negotiations, and contract closure.

- Client Relationships: Develop and maintain relationships with CHROs, HR Heads, CFOs, Finance leaders, and other key decision-makers throughout the buying journey.

- Cross-functional Collaboration: Partner with Placement, Underwriting, Client Success, and Operations teams to deliver competitive proposals and seamless client onboarding.

- Market Intelligence: Continuously gather market feedback,



competitor insights, pricing trends, and customer requirements to strengthen Novas go-to-market strategy.

What Were Looking For

- Minimum 3 years of experience with an insurance broker in business development or enterprise sales. Experience in Employee Benefits is preferred, while relevant experience with insurers, TPAs, or insurance aggregators will also be considered.

- Demonstrated track record of consistently achieving and exceeding revenue targets, including generating revenue equivalent to at least 2.5x your annual fixed compensation over the last 12 months.

- Experience independently closing Employee Benefits accounts with annual premiums ranging from u20b950 lakh to u20b95 crore.

- Established relationships with CHROs, HR Heads, CFOs, and Finance leaders that can be converted into business opportunities.

- Strong consultative selling, negotiation, stakeholder management, and executive communication skills, with the ability to manage complex sales cycles involving multiple decision-makers.

- Good understanding of corporate insurance products, renewals, pricing, placement, and client servicing.Strong placement and pricing expertise, with the ability to leverage insurer relationships, influence pricing through commercial and structural levers, understand claims and portfolio dynamics,



and collaborate effectively with placement teams to deliver competitive client outcomes.

Why This Role

- Own a high-impact revenue portfolio with significant growth potential.

- Work directly with experienced leaders in one of Indias fastest-growing insurance brokers.

- Build relationships with leading enterprises and decision-makers across industries.

- Join a performance-driven culture where growth is based on impact and results.

- Earn industry-leading performance incentives with significant upside beyond fixed compensation.

- Be part of a modern, technology-first insurance brokerage transforming how businesses buy and manage employee perks.

How Well Measure Success (First 612 Months)

- New business revenue generated.

- Achievement of sales targets and quota attainment.

- Number and value of new enterprise and mid-market accounts acquired.

- Sales pipeline quality and conversion rates across each stage.

- Average deal size and sales cycle efficiency.

- Client retention during the initial engagement period.

- Contribution to overall business growth through strategic account acquisition.

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Disclaimer : This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Business Development Manager - Insurance Broking Sales (Chennai)
🏢 Nova Benefits
📍 Chennai