Commercial Insurance Business Development Specialist

1 week ago


San Francisco, California, United States GPAC Full time
About the Role

We are seeking a highly skilled Commercial Insurance Business Development Specialist to join our team at GPAC. As a key member of our sales team, you will be responsible for generating new business and maintaining client relationships by selling various insurance products and services in the commercial sector.

Key Responsibilities
  • Business Development:
    • Identify and prospect potential clients in the commercial sector through various means, including cold calling, networking, and referrals.
    • Develop and maintain a robust pipeline of leads and opportunities for new business.
  • Client Consultation and Needs Analysis:
    • Meet with potential clients to understand their insurance needs and assess risk factors.
    • Analyze client's existing insurance coverage and provide recommendations for suitable policies.
  • Tailored Insurance Solutions:
    • Customize insurance proposals and present them to clients, addressing their specific business needs and risks.
    • Collaborate with underwriters to develop comprehensive insurance solutions and negotiate terms and coverage.
  • Sales and Relationship Management:
    • Generate and present quotes to clients, explaining coverage, terms, and conditions.
    • Close sales and manage the entire sales process, ensuring accurate and efficient documentation.
    • Cultivate and maintain strong relationships with clients, providing ongoing support and addressing inquiries or concerns.
  • Market and Industry Knowledge:
    • Stay updated with industry trends, insurance products, and market conditions to offer informed advice and solutions.
    • Maintain knowledge of various insurance carriers and their product offerings.
Requirements
  • Bachelor's degree in Business, Finance, Marketing, or related field (preferred).
  • Proven experience in insurance sales with a successful sales track record.
  • Relevant insurance licenses as per state regulations.
  • Excellent sales, negotiation, and communication skills.
  • Strong understanding of commercial insurance products, coverages, and risk management.
  • Proficiency in CRM (Customer Relationship Management) software and Microsoft Office suite.
What We Offer

A competitive salary of $80,000 - $110,000 per year, depending on experience, and a dynamic work environment that values innovation and teamwork.



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