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Business Development Executive

2 months ago

Minneapolis, Minnesota, United States Marsh & McLennan Companies Full time
About the Role

We are seeking a highly skilled Business Development Executive to join our team at Marsh McLennan Agency. As a Business Development Executive, you will be responsible for servicing an existing book of business, marketing and placing new and renewal business, and providing excellent customer service to clients, carriers, and peers.

Key Responsibilities
  • Develop and implement business growth strategies to increase revenue and market share.
  • Build and maintain strong relationships with clients, carriers, and peers to drive business results.
  • Provide expert advice and guidance to clients on commercial insurance products and services.
  • Identify and pursue new business opportunities to expand our client base.
  • Collaborate with internal teams to develop and implement sales strategies and tactics.
Requirements
  • Knowledge of commercial insurance industry laws, products, coverages, and markets is essential.
  • Knowledge of insurance company markets and conditions, binding authority, procedures, and underwriting guidelines.
  • Excellent communication and interpersonal skills to effectively service clients and build strong relationships.
  • Ability to proactively manage book of business and develop healthy relationships to retain accounts.
  • Ability to negotiate quotes with underwriters and evaluate client needs.
Preferred Qualifications
  • College degree is preferred.
  • CIC, CRM, ARM, or equivalent preferred.
What We Offer
  • Generous time off, including personal and volunteering time.
  • Tuition reimbursement and professional development opportunities.
  • Hybrid work arrangement.
  • Charitable contribution match programs.
  • Stock purchase opportunities.
About Us

Marsh McLennan Agency is a leading provider of business insurance, employee health & benefits, retirement, and private client insurance solutions. We combine the personalized service model of a local consultant with the global resources of the world's leading professional services firm, Marsh McLennan.

We value and respect the impact our colleagues make every day, both inside and outside our organization. We've built a culture that promotes colleague well-being through robust benefit programs and resources, encourages professional and personal development, and celebrates opportunities to pursue the projects and causes that give colleagues fulfillment outside of work.