Retirement Business Development Director

Franklin Templeton • Boston, MA

2d • Remote

About The Position

At Franklin Templeton, we’re advancing our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we provide opportunities to help you reach your potential while helping our clients reach theirs. Come join us in delivering better outcomes for our clients around the world! The Business Development Director (BDD) for Defined Contribution Plans is responsible for driving growth and expanding the company’s business within the defined contribution space, focusing specifically on retirement focused advisors and clients (mid-market companies with defined contribution retirement plans). The BDD identifies new business opportunities, cultivates relationships with key decision-makers, and develops strategic solutions to meet client’s retirement plan needs. Ideal candidates will have a deep understanding of defined contribution (DC) plans, including 401(k) and other retirement plan products, and a proven track record of success in business development within financial services. Location : ideal candidates will be located in the Northeast region specifically Boston, MA.

Requirements

• Bachelor’s degree in business, finance, economics or a related field
• 7+ years of experience in business development, sales, or account management, with a strong focus on defined contribution retirement plans
• Proven track record of successfully selling retirement plan solutions (i.e. 401(k), 403(b), profit-sharing) to mid-sized businesses
• In-depth knowledge of defined contribution plan design, compliance, and investment strategies
• Experience with Tier II clients (100-500 employees) and an understanding of their unique retirement plan needs
• Strong communication, negotiation, and presentation skills with the ability to develop compelling proposals tailored to client needs
• Deep understanding of financial services, employee benefits, and retirement planning
• FINRA Series 7 and 63 licenses required
• Strong business acumen with the ability to identify opportunities and deliver customized solutions
• Self-motivated and goal-oriented, with a passion for driving business growth
• Excellent interpersonal skills, with the ability to build and maintain relationships at all levels
• Ability to work independently and manage a pipeline of opportunities effectively
• Ability to travel (related to client engagement and business development efforts)

Responsibilities

• Identify new business opportunities with retirement focused advisors and clients, including mid-sized companies (typically 100 to 500 employees) with defined contribution plans
• Develop relationships with key decision makers such as HR directors, CFOs, and benefits managers
• Serve as the point of contact for clients, providing ongoing service to ensure retention and satisfaction
• Develop a comprehensive business development strategy for defined contribution plans to win new business
• Create tailored presentations and value propositions, addressing the needs of retirement focused advisors
• Present retirement plan solutions, including 401(k), 403(b), profit-sharing, and other retirement plans to prospective clients
• Engage in prospecting and closing of new business to meet or exceed sales targets
• Provide consultative services to clients, offering insights on plan design, investment options, and plan participant engagement strategies
• Track sales pipeline, forecast revenue, and report progress to leadership
• Monitor client satisfaction and retention metrics
• Partner with internal teams, including product managers, compliance, marketing, and client service teams
• Collaborate with leadership to refine the business development strategy

Benefits

• Discretionary bonus
• 401k plan
• Health insurance
• Three weeks paid time off the first year
• Medical, dental and vision insurance
• 401(k) Retirement Plan with 85% company match on your pre-tax and/or Roth contributions, up to the IRS limits
• Employee Stock Investment Program
• Tuition Assistance Program
• Purchase of company funds with no sales charge
• Onsite fitness center and recreation center
• Onsite cafeteria

What This Job Offers

• Job Type: Full-time
• Career Level: Senior