Insurance Business Development Manager

4 weeks ago

Sullivan, United States Illinois Insurance Careers Full time
Job DescriptionJob Description

The Insurance Business Development Manager is responsible for driving growth and expanding market presence for the insurance products and services offered by the company. This role involves developing and executing strategic initiatives to acquire new clients, forge partnerships, and enhance brand visibility in the insurance marketplace. The business development manager will lead a team of sales professionals, establish key relationships with stakeholders, and collaborate with internal departments to achieve revenue targets and business objectives.


Benefits

Annual Base Salary + Commission + Bonus Opportunities

Paid Time Off (PTO)

Life Insurance

Career Growth Opportunities

Flexible Schedule

Disability Insurance

Parental Leave

Retirement Plan

Evenings Off

Hands on Training

Health Insurance

Dental Insurance

Tuition Reimbursement

Mon-Fri Schedule

Vision Insurance


Responsibilities

Key Responsibilities:


Strategic Planning and Execution:

Develop and implement comprehensive business development strategies and action plans to achieve sales targets and revenue goals.

Identify new market opportunities, industry trends, and competitive threats to inform strategic decision-making.


Client Acquisition and Relationship Management:

Prospect, cultivate, and close new business opportunities with clients, brokers, agents, and other distribution channels.

Build and maintain strong relationships with key stakeholders, including insurance carriers, industry associations, and regulatory bodies.


Partnership Development and Collaboration:

Establish strategic partnerships and alliances with complementary businesses, vendors, and affinity groups to expand market reach and drive business growth.

Collaborate cross-functionally with product development, marketing, underwriting, and operations teams to ensure alignment of business objectives and initiatives.


Sales Leadership and Team Management:

Recruit, train, mentor, and motivate a high-performing sales team to achieve individual and collective sales targets.

Provide leadership, coaching, and support to sales professionals to enhance their performance and professional development.


Requirements
  • A Property & Casualty insurance license is required.
  • A Life & Health Insurance license is required.
  • Strong work ethic and leadership skills.
  • Successful sales background.
  • Strong communication skills, both oral and written.

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