Business Developer
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Job Description
Business Developer responsible for driving growth through strategic marketing and agency relationships. Focused on providing tailored insurance solutions while ensuring market share increase.
Responsibilities:
- Develops strategic marketing plans, considering agency strengths, competitors, and market conditions.
- Participates in identifying and securing profitable new business opportunities in target markets and develops and implements strategic plans, resulting in a specified increase in market share.
- Develops and maintains strong relationships with key agencies by providing tailored insurance solutions that meet their specific needs, leading to an increase in agency retention and satisfaction.
- Assists in educating agencies on product features, market placement, and effective selling techniques.
- Drives revenue growth by achieving or exceeding sales targets.
- May participate in developing and executing cross-selling and up-selling strategies.
- Conducts market research and competitive analysis to identify trends, opportunities, and threats, informing strategic decision-making.
- Performs other duties as assigned.
Requirements:
- Bachelor’s Degree in Business Administration, Marketing, or a related field.
- Generally, a minimum of 6 months of experience in strategic business development, marketing, or a related role.
- Beginning or continuing progress toward obtaining certifications including Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM).
- Foundational understanding of agency dynamics, marketing, underwriting, and risk management.
- Demonstrates excellent communication skills and ability to build relationships.
- Proficiency in interpreting competitive data and industry trends.
- Strong analytical skills with the ability to use data to inform decisions.
- Demonstrated decision-making ability and customer-centric mindset.
- Position requires frequent day and overnight travel (60% - 80% of time) to visit agents and brokers.
Benefits:
- medical, dental, and vision coverage
- wellness plans
- parental leave
- adoption assistance
- tuition reimbursement
- Paid Time Off
- paid holidays
- 401(k) plan with company match
- employee stock purchase plan
- commuter benefits
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