Drive impactful business growth in a hybrid role with uncapped commission. Collaborate with industry leaders to develop innovative insurance solutions. Achieve competitive revenue targets while expanding market presence.
Business Development Manager
in Marketing & Sales PermanentJob Detail
Job Description
Overview
- Lead business development efforts for insurance solutions in the Mid-Atlantic region, driving revenue growth and market expansion.
- Develop and execute strategic sales plans to meet and exceed established targets and objectives.
- Collaborate with underwriting and management teams to craft competitive client proposals and contracts.
- Identify and capitalize on new market opportunities, emerging trends, and potential client partnerships.
- Establish and maintain strong relationships with clients, brokers, and industry partners.
- Prepare and present detailed sales reports, forecasts, and strategic insights to senior leadership.
- Stay informed on industry developments and regulatory changes impacting the insurance landscape.
- Promote a collaborative and customer-focused culture within the business development team.
Key Responsibilities & Duties
- Generate new business opportunities and promote insurance products and services to prospective clients.
- Design and implement strategic sales initiatives to achieve revenue and market share goals.
- Coordinate with underwriting teams to develop tailored client proposals and negotiate agreements.
- Collaborate with cross-functional teams to align sales strategies with organizational objectives.
- Analyze market trends and competitor activities to maintain a competitive edge in the industry.
- Prepare comprehensive sales performance reports and present findings to senior management.
- Enhance sales processes and tools to improve operational efficiency and effectiveness.
- Ensure compliance with all relevant laws, regulations, and organizational policies in sales activities.
Job Requirements
- Bachelor's degree in Business Administration, Sales, or a related field.
- Minimum of 4 years of experience in sales, with a preference for insurance industry expertise.
- Demonstrated success in achieving revenue targets and fostering business growth.
- Comprehensive understanding of insurance products, underwriting processes, and claims management.
- Exceptional communication, negotiation, and interpersonal skills to engage effectively with stakeholders.
- Proficiency in sales tools and Microsoft Office Suite for reporting and analysis.
- Established network within the insurance industry is highly desirable.
- Ability to analyze data and make informed decisions to optimize sales performance.
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