What are the responsibilities and job description for the Business Development Executive position at Boutique Recruiting?
Remote
A leading insurance provider specializing in workers' compensation is seeking a highly motivated Business Development Executive to drive growth and strengthen agency partnerships. This role focuses on expanding market presence, increasing premium volume, and fostering relationships with brokerage and program partners. The ideal candidate will have a deep understanding of underwriting principles, a proven track record in business development, and the ability to implement data-driven strategies. If you are a results-driven professional with expertise in commercial insurance and a passion for driving revenue growth, this is an opportunity to make a significant impact within an innovative and growing organization.
Business Development Executive Requirements:
- 4 years of business development experience in the insurance industry, with 2 years in workers compensation
- A current P&C Insurance license or willing to reinstate
- Strong understanding of underwriting principles and risk assessment within commercial insurance
- Proven track record of achieving and exceeding premium growth targets in a competitive market
- Excellent communication and presentation skills with the ability to influence agency partners and key stakeholders
- Ability to analyze market trends and develop data-driven strategies to optimize business growth
- Proficiency in standard office software (Microsoft Office, etc.) and exposure to insurance software, salesforce experience preferred
- Self-motivated, results-oriented, and able to work independently while collaborating with cross-functional teams
Business Development Executive Responsibilities:
- Build and maintain relationships with insurance agency partners, including general brokerage and niche program partnerships, to drive business growth and engagement
- Develop and execute strategic business plans focused on achieving aggressive premium growth goals, targeting a $5M gross written premium in the first year
- Partner with underwriting teams to manage account submissions, optimize pricing strategies, and ensure a streamlined and efficient quoting process
- Engage in consultative sales discussions, educating agency partners on company products, underwriting appetite, and risk management solutions
- Conduct market analysis to identify emerging trends, competitive positioning, and opportunities for expansion within the workers' compensation space
- Utilize Salesforce, LinkedIn Navigator, and Apollo to track pipeline activity, monitor key performance metrics, and drive informed decision-making
- Deliver compelling presentations and sales pitches, tailoring messaging to effectively communicate value propositions and differentiate offerings in the market
- Develop and nurture strong agency relationships through consistent follow-ups, in-person meetings, and industry event participation to expand brand presence and drive new opportunities
Benefits:
- Competitive base salary with performance-based incentives
- Comprehensive health, dental, and vision coverage
- 401(k) plan
- PTO options
- Cell phone/internet allowance travel expense reimbursements
- Professional development opportunities and career advancement potential
- Employee stock options
- Flexible remote work environment
Apply now and take the next step in your career!
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