Business Development Trainee

4 weeks ago


Richfield, Idaho, United States National Interstate Full time
Business Development Trainee

At National Interstate, we're committed to delivering exceptional risk financing solutions to our clients. As a Business Development Trainee, you'll play a key role in helping us achieve this goal.

Key Responsibilities:
  • Develop skills and knowledge in initiating contact with current and prospective new business partners.
  • Learn to market the company's products/services through interaction with agencies, brokers, or clients.
  • Track statistics on prospect lists, hit ratios, business retention, and new business production.
  • Learn to develop and employ innovative, creative, and resourceful methods for achieving new business development.
  • Work collaboratively with management to develop, monitor, and adapt a business/marketing plan for area of responsibility and to support division goals.
  • Develop knowledge in skill in the developing agency business goals.
  • Support underwriting in fact gathering, underwriting, and pricing of renewals.
  • Prepare reports to analyze and develop existing business profile/mix and the quality and quantity of new business.
  • Build strategic relationships with business partners (clients, agents, brokers, producers) to achieve targeted profit goals of the division.
  • Correspond and visit with clients, agencies and brokers. Monitor the delivery of excellent customer service and follow-up on any customer concerns that need to be addressed.
  • May learn to assist with coordinating/transferring books of business and ongoing contract management.
  • Identify issues/potential issues and triage to appropriate staff to resolve.
  • Provide continuing education and support to assigned agents regarding company products, programs, eligibility guidelines, risk, and pricing philosophy.
  • May participate in preparing/distributing promotional correspondence (newsletters, pamphlets, etc.) and/or marketing collateral to existing and potential agents and/or customers.
  • Plan and host both internal and external events to achieve area/regional marketing initiatives.
  • Maintain familiarity with competitors and market conditions. May learn to gather, analyze, and maintain competitive information. May assist with maintaining a Customer Relationship Management (CRM) database to improve services or target marketing efforts.
  • Collaborate with Underwriting, Product Development, Product Management, and Corporate Communications to develop marketing initiatives, new products, and the supporting marketing materials. May participate with other business units on cross-marketing efforts.
  • Attend industry and association events.

Program Overview:

The National Interstate Graduate Development Program, Ignition, is a comprehensive training program designed to equip you with the skills and knowledge needed to succeed in your role as a Business Development Trainee.

During the program, you'll participate in instructor-led, self-paced, and on-the-job training, gaining a true understanding of what National Interstate does and how your role fits in the big picture.

You'll become immersed in our company by learning our business model and value proposition.

You'll gain exposure to other areas of the business outside of your discipline through interactive presentations from industry experts.

You'll sharpen your professional skills through weekly personal development trainings.

You'll develop your professional network with leaders and fellow participants through weekly team-building and social activities.

Requirements:

Bachelor's Degree in Liberal Arts, Business, or a related discipline.

Typically, part of a formal training program. 0 to 6 months of experience.

Performs work under close supervision and technical direction. Relies on instructions and pre-established guidelines to perform the functions of the job. Develops working knowledge of business systems and processes used to perform the functions of the job. Works on assignments of low complexity. Position may require frequent day and overnight travel (10-20%) to visit agents, brokers, or clients. May learn to position prospects and solicit new agents or clients; typically has no or limited underwriting authority. Uses communication skills to build effective customer relationships and to explain/promote products and services.



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