Marsh McLennan

Business Development Specialist

Marsh McLennan$71K — $152K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent education and work experience.
  • Minimum 3 years in the insurance industry, focusing on professional liability insurance.
  • High energy, professional persistence, and strong relationship-building skills.
  • Excellent communication, time management, and teamwork abilities.
  • Proven record of achieving outcomes in sales and client management.
  • Appropriate insurance licenses or ability to obtain them quickly.
  • Willingness to travel up to 50% within the territory and attend industry events.

Responsibilities

  • Develop your assigned territory through various Business Development Team channels.
  • Manage the existing client base to foster organic growth and new business generation.
  • Travel frequently to meet new and existing clients, ensuring top service.
  • Strategize for territory growth and product development.
  • Act as a client advocate and advisor on products, services, and the marketplace.
  • Collaborate with underwriting staff to build and maintain relationships.
  • Engage with partners at industry events to enhance territory resources.

Benefits

  • Professional development opportunities and interesting work.
  • A vibrant and inclusive workplace culture.
  • Diverse career opportunities due to company scale.
  • Comprehensive health and welfare benefits.
  • Tuition assistance and retirement savings programs.
  • Employee assistance programs.
Full Job Description
Company:
Victor

Description:

We are seeking a talented individual to join our Business Development Team at Victor. This role will be based in Chicago or Minneapolis. This is a hybrid role that has a requirement of working at least three days a week in the office.

In this role, you will be responsible for engagement for all types of Business Development Team partners: retail insurance agencies, wholesalers, MGU, MGA, and Aggregators. Additionally, you will oversee a significant portfolio of potential accounts and ensure a consistent level of agency management activity. To achieve this, you will utilize your existing network of agency partners, and insights obtained through comprehensive research to engage with accounts in Busa specific region or industry. Furthermore, you will aid senior colleagues who specialize in diverse markets and industries, contributing to various stages of the deal process. This will enable you to gain extensive exposure, establish new connections, and acquire valuable experience relevant to your field.

We will count on you to:
  • Develop the assigned territory through all existing and prospective Business Development Team channels.
  • Manage existing client base in the region to support organic growth through new business generation and renewal retention, prospecting and developing new relationships.
  • Frequent travel to visit new/existing/prospective clients in the territory, working closely with underwriting and Business Development Team management to ensure a superior level of service for our clients and their insureds.
  • Strategic planning for your territory's growth and expansion, new product development and other production-oriented activities.
  • Serving as a client advocate and consultative advisor on the company's products and services as well as the marketplace at large.
  • Collaborate with underwriting staff to jointly develop relationships.
  • Engage with partners at industry events and become a valuable resource for the assigned territory


What you need to have:
  • Holds a bachelor's degree or equivalent education and work experience.
  • Minimum of 3 years of experience in the insurance industry, with a focus on professional liability insurance.
  • Demonstrates a high level of energy, professional persistence, relationship building, sales aptitude, and self-motivation.
  • Possesses excellent communication, time management, and teamwork skills, while consistently driving for results.
  • Has a proven track record of achieving desired outcomes.
  • Holds appropriate licenses or has the ability to obtain them within a short time frame.
  • Willingness to travel up to 50% of the time within the assigned territory and attend industry events.


What makes you stand out:
  • Experience as a wholesale broker.
  • Experience in retail insurance.
  • Proven experience in managing and growing a book of business in the property and casualty insurance sector.
  • Familiarity with working alongside underwriters.


Why join our team:
  • We help you be your best through professional development opportunities, interesting work and supportive leaders.
  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have an impact on colleagues, clients and communities.
  • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.


The applicable base salary range for this role is $71,700 to $152,800.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

About Marsh McLennan

Marsh McLennan Careers

Join the exceptional team at Marsh McLennan, a global leader in professional services, offering unparalleled job opportunities in insurance, risk management, and consultancy. As the company propels forward, it invites dedicated professionals to contribute to a culture of innovation, leadership, and growth.

Work You’ll Do

At Marsh McLennan, you will engage with complex challenges that push the boundaries of your skills and knowledge. Our team thrives on diversity and the shared goal of delivering impactful solutions to our clients worldwide. By joining us, you will be part of a culture that values diversity training and leadership development, ensuring every team member is equipped for success.

Explore Professional Growth

Marsh McLennan is committed to the professional growth of its employees. Whether you are seeking a position that offers a path to leadership or looking for robust internship programs to kickstart your career, Marsh McLennan provides the resources and global platform to propel your ambitions into achievements. Our benefits package is designed to support the well-being and continuous professional development of all staff, from entry-level to senior leadership roles.

Innovative Work Environment

Our company is at the forefront of industry innovation. The collaboration between experienced professionals and fresh talent generates dynamic solutions that keep Marsh McLennan at the cutting edge of the industry. Our team is encouraged to lead with creativity and embrace new ideas, driving the company’s legacy of pioneering industry-first solutions.

Join Our Team

Marsh McLennan is hiring! Explore the multitude of job opportunities on our careers page, from strategic advisory roles to operational excellence positions. We look for passionate, curious, and solution-driven team players. Enhance your career with Marsh McLennan, where your skills will be honed through challenging projects and high-impact strategies.

Networking and Career Advancement

Networking at Marsh McLennan opens doors to enriching connections and countless opportunities within the industry. Our professionals benefit from an environment that fosters networking through events, professional groups, and collaborative projects. With Marsh McLennan, career advancement is not just a possibility—it is an expectation.

Prepare for Your Interview

Ready to apply? Make sure your resume highlights your most relevant experiences and skills tailored to the position you are applying for. Our interview process is designed to understand your capabilities and fit with our team’s goals and values. Prepare to discuss how your background, experiences, and professional aspirations align with the opportunities at Marsh McLennan.

Stay Connected

Keep up to date with the latest from Marsh McLennan: - **Career Insights**: Gain insider perspectives and industry-leading insights through our careers blog. - **Job Alert Emails**: Personalize your subscription to receive job alerts and the latest news tailored to your preferences. Discover the rewarding career opportunities awaiting at Marsh McLennan, where your professional journey is just the beginning. Join us in shaping a future defined by insight, integrity, and innovation.
Learn more about Marsh McLennan
Size
83,000 employees
Market Cap
$82.6 billion
Industry
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ

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