Business Development Manager

Posted 8 Hours Ago
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Peoria Heights, IL
7+ Years Experience
Insurance • Financial Services
The Role
The Business Development Manager at Pearl Insurance is responsible for driving new business opportunities, managing relationships with insurance agents/brokers, assisting with the underwriting process, and promoting Pearl Insurance's value proposition through effective communication and marketing efforts.
Summary Generated by Built In

The Business Development Manager is responsible for generating sales opportunities within an assigned territory with outside insurance agents/brokers. Manages the relationship between Pearl Insurance and the agency/broker. Assists with the placement of new business and managing overall book results with agents/brokers within assigned territory.

Your Impact:

  • Drive new business from existing agent/broker partners and solicit new agent/broker partnership opportunities for Pearl Insurance within an assigned territory to grow Pearl’s overall book of business.
  • 1.) Book Management: New & renewal metrics, tracking results and address trends with broker partners.
  •  2.) Helping facilitate new business opportunities from submission to issuance.
  • 3.) Consistently touching base with assigned broker network to address issues, uncover opportunities, and promote the Pearl Insurance value proposition.
  • Build and maintain relationships with existing agent/broker partners by assisting with new business submissions and service issues.
  • Hold recurring quarterly status meetings with appointed brokers; drive accountability by reviewing key performance indicators.
  • Travel, as needed, to build relationships with existing and new agents.
  • Facilitate the application and underwriting process with the agent/broker and the internal underwriter; follow up with the agent/broker when additional information is needed from the client to complete the underwriting process in the event the underwriter is not able to obtain the information from the agent/broker.
  • Provide quotes to agents/brokers and assist with marketing materials and the presentation of the quote to the insured/prospective insured.
  • Articulate Pearl’s value proposition to agents/brokers through available digital platforms and marketing collaterals, such as Pearl’s Monthly Broker Newsletter.
  • Follow up with the agent/broker regarding market placement.
  • Represent Pearl Insurance at conventions and trade shows as needed.
  • Stay up to date on product, market, and industry knowledge.

Successful Candidates Will Have:

  • Bachelor’s degree in business management, marketing, or a related field.
  • Previous outside business-to-business sales experience within the insurance industry preferred or equivalent combination of education and experience.
  • Strong interpersonal skills with a proven ability to interface effectively at all levels within an organization.
  • Property and Casualty insurance license required (or the ability to obtain).
  • Valid driver’s license with a record of safe driving required.

One80 Intermediaries is a privately held firm with offices throughout the US and Canada.  As a leading insurance wholesaler and program manager, One80 offers placement services and binding authority for property and casualty, life, travel/accident and health, affinity and administrative services, and warranty business.  Launched just four years ago, One80 Intermediaries has grown to be one of the largest intermediaries in the United States. In 2022, Business Insurance ranked One80 as the 5th Largest MGA/Underwriting Manager/Lloyd’s Coverholder, and 5th Largest Underwriting Manager in the country

One80 Intermediaries is an equal opportunity workplace and is committed to ensuring equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status, or other legally protected characteristics.

Learn more about working at One80 Intermediaries by visiting our careers page: www.one80.com/careers.

The Company
Boston
418 Employees
On-site Workplace
Year Founded: 2019

What We Do

One80 Intermediaries is a privately held firm with offices throughout the US and Canada. As a leading insurance wholesaler and program manager, the company offers placement services and binding authority for property and casualty, life, travel/accident and health, affinity and administrative services and warranty business. One80 serves commercial companies, non-profits, public entities, individuals and associations and unions, and has access to all major insurance markets in the US, Canada and UK. One80 has offices in more than 55 locations in the US and Canada. For more information visit www.one80intermediaries.com

With expertise in marine, transportation, property, casualty, financial lines, medical stop loss, personal lines, travel/accident and health, life insurance and warranty coverage we provide in-house binding authority and access to market leading carriers on both sides of the Atlantic. One80 serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets in the US, UK and Canada.

One80 has offices in 46 locations nationwide including Boston, New York City, Chicago, Cleveland, Cincinnati, Miami, Atlanta, Houston, Dallas, San Antonio, Omaha, Mountain View, Philadelphia, San Diego, Seattle, Toronto, and Montreal

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