Business Development Associate

Ryan Specialty • Richmond, VA

17d • $54,250 - $57,000

About The Position

The Business Development Associate is responsible for developing and executing strategies to grow the company’s business, provide excellent service to customers and manage them. The role conducts market research, promotes company products, builds client relationships, and identifies new business opportunities. They perform business development activities such as customer relationship management and development, creation, and dissemination of marketing materials. What will your job entail?

Requirements

• Bachelor’s degree required; Marketing, Communications and Business Administration preferred.
• 1 year of work experience in Sales, Business Development, or related field.
• 50% travel is required
• Must meet minimum requirements for state P&C and/or surplus line licenses.

Nice To Haves

• Customer Relationship Management (CRM) Certification a plus.

Responsibilities

• Develops, executes, and manages company's business development strategy and action plans to achieve targets.
• Develops and implements marketing plans for both existing and prospective customer base.
• Supports in developing and implementing the comprehensive marketing plan to facilitate business growth.
• Analyzes market trends to evaluate, develop and implement strategic plans to meet and exceed organizational goals.
• Tracks client transactions and activities to maintain existing client relationships and provides customer service.
• Develops cross-selling programs for existing customers, utilizes technology to assist in the generation of new opportunities in the insurance industry.
• Creates and maintains marketing materials for both existing and prospective customer base.
• Identifies and pursues new leads through market research, networking, and marketing activities.
• Develops new business relationships with retail insurance agents/brokers to develop submissions and quote activity for achieving month premium goals.
• Stays informed about market trends, competitor offerings, and changes in the insurance industry to identify opportunities for growth and meet organizational goals.
• Develops and presents proposals tailored to individual customer needs, solutions, coverage options and pricing structures.
• Participates in carrier events and industry seminars to foster relationships and remain knowledgeable of insurance industry standards.

Benefits

• Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals.
• In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
• For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 1,001-5,000 employees