Assistant Vice President Business Development

Job DetailExperience Level DirectorDegree Type Bachelor of Arts (BA)Employment Full TimeWorking Type HybridJob Reference 0000018353Salary Type AnnuallyIndustry InsuranceSelling Points Lead transformative business development initiatives in the insurance industry. Build strategic partnerships and drive market expansion. Enjoy hybrid work flexibility and uncapped earning potential.Job DescriptionAssistant Vice President Business Development OverviewLead strategic business development initiatives to drive revenue growth and expand market presence in the insurance and risk management sector.Develop and maintain strong relationships with brokers, consultants, and key decision-makers to foster long-term partnerships.Collaborate with internal teams to align sales strategies with organizational objectives and client needs.Analyze market trends and client operations to identify opportunities for tailored solutions and innovative strategies.Contribute to the creation and execution of sales plans that reflect regional market dynamics and client demands.Ensure seamless onboarding processes for new clients, promoting satisfaction and retention.Negotiate contracts and agreements to secure profitable and sustainable business relationships.Maintain a hybrid work schedule, balancing office presence and remote flexibility to optimize productivity.Assistant Vice President Business Development Key Responsibilities & DutiesIdentify and target prospective clients within the defined marketplace, leveraging industry insights and data analysis.Develop and execute comprehensive sales strategies to achieve regional objectives and exceed revenue targets.Lead client presentations, negotiations, and proposal submissions to secure new business opportunities.Cultivate relationships with brokers and consultants to expand referral networks and market reach.Collaborate with compliance and management teams to ensure adherence to legal standards and organizational policies.Track and analyze sales performance using advanced tools such as Salesforce and Excel.Conduct market research to identify emerging trends and opportunities for innovative solutions.Travel as needed to meet clients, attend industry events, and strengthen regional presence.Assistant Vice President Business Development Job RequirementsBachelor’s degree in marketing, finance, business, or a related field is required.6-8 years of experience in sales or business development, preferably in insurance or risk management.Proven track record of achieving sales targets and building client relationships.Experience with Third Party Administrator (TPA) services is highly advantageous.Strong negotiation, presentation, and interpersonal communication skills.Proficiency in Salesforce and Excel for data management and performance tracking.Ability to travel up to 50% for client engagements and industry events.High energy and resilience to thrive in a dynamic and fast-paced environment.