Business Development Manager

Job DetailExperience Level ManagerDegree Type Bachelor of Arts (BA)Employment Full TimeWorking Type HybridJob Reference 0000018699Salary Type AnnuallyIndustry InsuranceSelling Points Drive impactful business growth in a hybrid role with uncapped commission. Collaborate with industry leaders to develop innovative insurance solutions. Achieve competitive revenue targets while expanding market presence.Job DescriptionOverviewLead business development efforts for insurance solutions in the Mid-Atlantic region, driving revenue growth and market expansion.Develop and execute strategic sales plans to meet and exceed established targets and objectives.Collaborate with underwriting and management teams to craft competitive client proposals and contracts.Identify and capitalize on new market opportunities, emerging trends, and potential client partnerships.Establish and maintain strong relationships with clients, brokers, and industry partners.Prepare and present detailed sales reports, forecasts, and strategic insights to senior leadership.Stay informed on industry developments and regulatory changes impacting the insurance landscape.Promote a collaborative and customer-focused culture within the business development team.Key Responsibilities & DutiesGenerate new business opportunities and promote insurance products and services to prospective clients.Design and implement strategic sales initiatives to achieve revenue and market share goals.Coordinate with underwriting teams to develop tailored client proposals and negotiate agreements.Collaborate with cross-functional teams to align sales strategies with organizational objectives.Analyze market trends and competitor activities to maintain a competitive edge in the industry.Prepare comprehensive sales performance reports and present findings to senior management.Enhance sales processes and tools to improve operational efficiency and effectiveness.Ensure compliance with all relevant laws, regulations, and organizational policies in sales activities.Job RequirementsBachelor's degree in Business Administration, Sales, or a related field.Minimum of 4 years of experience in sales, with a preference for insurance industry expertise.Demonstrated success in achieving revenue targets and fostering business growth.Comprehensive understanding of insurance products, underwriting processes, and claims management.Exceptional communication, negotiation, and interpersonal skills to engage effectively with stakeholders.Proficiency in sales tools and Microsoft Office Suite for reporting and analysis.Established network within the insurance industry is highly desirable.Ability to analyze data and make informed decisions to optimize sales performance.