Business Development Executive

FM

$80K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree or equivalent experience
  • 3+ years in the insurance industry
  • Excellent interpersonal skills
  • Knowledge of property insurance policy forms
  • Strong presentation and negotiation skills
  • Understanding of Loss Prevention Engineering concepts
  • Familiarity with industry competitors and brokers

Responsibilities

  • Achieve annual new business objectives via direct and brokered channels
  • Manage a healthy pipeline of new business through effective calling activities
  • Craft and execute targeted sales journeys for prospects
  • Deliver client-centric proposals that align FM’s services with client needs
  • Lead internal teams to maximize hit ratios on new business
  • Utilize Whiteboarding techniques to identify client priorities
  • Build brand presence and industry expertise through networking and participation in events

Benefits

  • Participation in FM's Total Rewards program
  • Incentive plan opportunities
  • Generous health and well-being programs
  • 401(k) and pension plan
  • Career development opportunities
  • Tuition reimbursement
  • Flexible work and generous time off allowances
Full Job Description
Job Summary

Solicit and produce new clients for FM's well-established Los Angeles Operations. Maintain a healthy pipeline of new business opportunities through effective prospect outreach, funnel management and calling activities. Develop strong relationships with prospects, brokers, consultants and insurance professionals throughout the industry and local marketplace. Collaborate with and lead our client service teams to deliver a client centric proposal that articulates the value of doing business with FM.

Schedule and Location

This position is based out of FM's Los Angeles (Woodland Hills) office in California. Periodic domestic travel throughout the southwest is required.

Essential Functions & Responsibilities:
  • Achieve the annual new business objective by balancing our dual delivery channels of direct as well as opportunities through our brokered partners.


  • Maintain a healthy pipeline of new business opportunities through effective calling and funnel management activities.
    • Develop and maintain a list of opportunities to call and develop hand in hand with operations management teams.
    • Keep prospect information in SRS current, accurate and updated as new information is developed during the sales process
    • Achieve the annual call goal including in person calls to prospects at various stages of the sales funnel
      • All calls will be planned, executed and recorded in SRS using the Richardson Consultative Selling Framework skillset


  • Understand the business needs of our prospective clients
    • Craft and execute a sales journey with internal and external stakeholders leading to a winning proposal at a high success rate
    • Deliver a client centric proposal that articulates the value of doing business with FM and links their specific needs with the services that FM can deliver


  • Lead through influence internal work groups to formulate strategies to maximize our hit ratio on new business
    • Use of Whiteboarding to identify what is important to the prospect and how FM's value proposition can deliver on those needs
    • Develop and deliver internal and external road maps of the prospect journey
    • After CST assignment, lead the team in collaborative development, maintenance, and execution of the situational analysis


  • Through actively participating in meetings, conferences and appearing at industry-related functions; build and maintain FM's brand and market expertise as a subject matter expert in the industry as well as relationships with specialty brokers servicing this industry. Keep apprised of our competitor's products and services.

Qualifications

Required Education:
  • Bachelor's Degree or equivalent combination of education and experience


Required Work Experience:
  • 3+ years in the insurance industry


Highly Preferred Technical Skills:
  • Excellent interpersonal skills
  • Knowledge of property insurance policy forms
  • Presentation and negotiation skills
  • Loss Prevention Engineering concepts
  • Knowledge of competitors and brokers


This position is open to one of two levels: S15 - Business Development Executive and S17 - Senior Business Development Executive. Final title and grade level will be determined once a finalist is selected. The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM's comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.

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