We are seeking a motivated and results-driven Business Development Manager to join our Westchester team in our NYC office. In this role, you will be responsible for identifying new business opportunities, building and nurturing client relationships, and driving the sales strategy to support our growth objectives.
JOB SUMMARY:
Responsible for the execution of Westchester business development strategies and tactics within the defined territory. Accountable for achievement of production and product-mix plans in the defined territory. Coaches and mentors other BDMs on best practices. Consistently delivers superior results on a monthly, quarterly, and annual basis. Contributes expertise in distribution, business development and broker management. Exhibits a thorough understanding of the local marketplace, Westchester’s capabilities within that marketplace, and corporate vision. May take on additional responsibilities as a Regional Broker Owner.MAJOR DUTIES & RESPONSIBILITIES:
Executes, with minimal RBDM oversight, sales strategies and the tactical priorities to achieve annual objectives for the capture of market share, new appointments, submission growth, new premium growth, efficient hit ratios and product mix in defined territory. May supervise, coach and/or mentor peers on best practices and assist with development of sales plans and discipline around expected behaviors. Influences and executes, with minimal RBDM oversight, Westchester broker management and compensation strategies, developing and managing local relationships. Develops, with minimal RBDM assistance, an annual production plan consistent with regional and national Westchester plans. Maintains relationships and works closely with Westchester underwriting staff to promote Westchester products and capabilities. Ensures that underwriters travel to see brokers in the territory and coaches them on conducting effective meetings. Maintains solid product and appetite knowledge across all Westchester business units and develops broader understanding of all Chubb products and capabilities. Thoroughly competent on all Westchester production and reporting systems. Identifies competitive threats and Westchester vulnerabilities and works with RBDM to solve for them. Shares feedback to all business units on market conditions, competitors and competitive positioning in the territory. Identifies and onboards new brokers through effective pipelining, pre-qualification, and territory analysis/management with minimal support from RBDM. 4 year college degree preferred.3+ years successful business development experience preferred.Demonstrated ability to achieve monthly, quarterly, and annual production goals.Knowledge of, and relationships with, key Westchester distribution partners and underwriters in the territory.Preferred candidate can demonstrate collaborative experience as part of a high performing, successful sales team.Negotiation, relationship building and presentation skills.Thorough understanding of E&S products and the wholesale distribution channel.Proficiency with Microsoft products (Excel, Word, Outlook, PowerPoint).Entrepreneurial and creative approach to challenges and opportunities.Travel: 60-75%The pay range for the role is $99,000 to $144,400. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.