Marsh & McLennan Companies
The purpose of this position is to manage all aspects of prospect development from pre-sale through close. This includes developing referral sources, identifying new clients that match the business client profile, and ensuring a consistent flow of new revenue for the practice.This position identifies and pursues leads resulting from solicitation of clients by sales professionals, referrals and marketing. Closes sale through face-to-face presentations and other various forms of communication. Possesses extensive product knowledge to differentiate our product from competitors and convince the client/prospect to purchase. Identifies and actively pursues potential new business opportunities.
Leads the coordination of organizational resources necessary to drive a sale to completion.
Identifies potential referral sources and develops relationships through personal contact and presentation of the practice’s resources.
Qualifies prospects based on practice’s guidelines for new business.
Identifies external and internal referral sources and partners closely with those sources. Leads in the creation of sales proposals and presentations and works with the referral source partner to coordinate the delivery of these presentations to prospects.
Transitions a qualified prospect or new client to a client executive and supports the client executive in implementation of new business deals and transitions client to account management status.
Utilizes information sources internally and externally to gather appropriate data to properly position business to prospect.
Completes outbound follow up calls and makes cold calls.
Develops sales strategies for increasing target market sales and manages the execution of these strategies.
Generates additional revenue opportunities by introducing and leveraging other business products and services as appropriate.
Incorporates and regularly practices techniques introduced through sales training to continuously enhance skills and related performance.
Ensures that up-to-date prospective client information is maintained in the database.
Ensures that all regulatory requirements are met and complies with all internal policies and procedures.
Qualifications Bachelor’s degree strongly preferred. Minimum of five years experience with new business development required with individual insurance. Large group insurance experience preferred. Proven insurance industry experience with individual and group insurance products. Experience in marketing products in a dual role of business-to-business as well as business to consumer preferred. Demonstrated ability to negotiate with multiple decision makers on complex sales. Demonstrated track record in consistently achieving aggressive sales objectives. Business development and negotiation skills with the ability to effectively originate new business, develop and leverage referral sources, and convert a cold lead into a qualified prospect. Ability to self-start and independently initiate new opportunities. Effective leadership qualities to guide a team of internal colleagues through the new business development cycle and ensure process integrity and timeliness in our response to prospects and clients. Ability to function in a highly structured sales management environment. Ability to assess financial attractiveness of new leads to ensure profitability. Demonstrated ability to function effectively both independently and as a team-oriented leader in a high visibility client environment. Must be able to work independently but also lead in a highly matrixed environment. Ability to exercise sound judgment and strong problem solving skills. Must demonstrate professional and ethical business practices, adherence to company standards, and a commitment to personal and professional development. Effective written and verbal communication skills to communicate with colleagues, clients, and vendors. Ability to deliver highly technical information to less technical individuals. Proven time management skills to manage multiple priorities and deliver timely and accurate work. Must demonstrate strong active listening and follow-up skills. Strong computer skills and the ability to navigate through multiple systems without assistance. Proficient in Microsoft Office. Appropriate license must be obtained if necessary for the position. Core competencies include: Communicating with Impact Negotiations Planning and Organizing Professional/Technical Knowledge P&C licensed required. L&H license preferred and can be acquired after hired. CIC designation preferred. At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We’re in the business of creating more secure and rewarding futures for our clients and their employees — whether we’re designing affordable health plans, assuring income for retirement or aligning workers with workforce needs. Using analysis and insights as catalysts for change, we anticipate and understand the individual impact of business decisions, now and in the future. We see people’s current and future needs through a lens of innovation, and our holistic view, specialized expertise, and deep analytical rigor underpin each and every idea and solution we offer. For more than 70 years, we’ve turned our insights into actions, enabling people around the globe to live, work, and retire well. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. At Mercer, we say we Make Tomorrow, Today. Visit www.mercer.com for more information and follow us on LinkedIn and Twitter @Mercer. Mercer LLC and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC). Marsh & McLennan Companies offers competitive salaries and comprehensive benefits. For more information about our company, please visit us at: www.mmc.com/. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: www.mmc.com/diversity . US ONLY: Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.
Marsh & McLennan Companies
Website : http://www.mmc.com
Marsh & McLennan Companies is the premier global professional services firm providing advice and solutions in risk, strategy and human capital. Through our market leading brands, colleagues in more than 100 countries help clients identify, plan for and respond to critical business issues and risks. Risk and Insurance Services Marsh is the world leader in delivering risk and insurance services and solutions to clients. It provides global risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services for businesses, public entities, associations, professional services organizations, and private clients. Marsh is organized by client, industry, and risk categories to facilitate the global delivery of highly specialized products and services covering a wide spectrum of risks.