Vice President of Business Development - West
SPG - Specialty Program Group · Berkeley Heights, NJ · 1 mo ago
Sales$180k–$220k/yrFull-time
Key Areas Of Responsibility
- Represent all Wholesale and DUA companies, products and services to all sizes of 3rd party insurance distributors, in the assigned geography, to drive profitable growth.
- New Relationships - Sales Strategy & Prospecting: Implement strategic business development initiatives aimed at driving growth within Wholesale and DUA Businesses/Programs.
- Client Relationship Management: Build and maintain strong relationships with key agency decision-makers of various sizes and geographic locations focusing on large opportunities and controlled books of business.
- Serve as the primary point of contact for new distribution partners until the relationships have been passed successfully to the program specialist, team leaders or other SPG company representatives.
- Maximize new distribution opportunities through existing and newly appointed agencies within assigned geographic territories focusing on business target state strategies.
- Collaboration: Work closely with the Business Leaders of our Wholesale and DUA companies to execute strategy to find new trading relationships focusing primarily on new target states.
- Performance Tracking: Set and track sales goals, provide regular updates to senior management on business development progress, and implement corrective actions as needed.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Drive New Agency Business Opportunities to our Wholesale Broker Producers through new agency relationship development
- Responsible for non-HUB overall sales performance within the Program and Wholesale businesses with third-party distribution in assigned geography
- Travel to 3rd party distribution offices required 15 -20 times per month
- Driving New Agency Business Opportunities to our DUA Programs and Wholesale businesses through new agency relationship development
- Accountable to participate in the CSO monthly conference calls with Business Leaders
- Work in tight collaboration with specialist business developers and wholesale brokers to route new agency opportunities to the appropriate deal teams
- Kpi Appoint 12 new producing Wholesale Agencies that will generate $200,000 in annual net Revenue.
- Kpi Appoint 12 new producing DUA Agencies that will generate $200,000 in annual net Revenue.
- Cross Sell 15 new lines of business into existing SPG relationships that will generate $100,000 in Revenue.
- Achieve Organic Growth in accordance with each program’s designated growth States.
- Ags visitations within assigned geographic area with expected travel of 10-15 days a month
- Corporate Leadership Representative to top 30 Agency List for Property and Casualty Agencies
- Work with business leaders to deliver profitable growth within their target state strategy defined in their business plan
- Corporate Leadership Representative to top 30 Agency List for Property and Casualty Agencies.
Work Experience Requirements
- Minimum of 15 years of industry experience
- Solid knowledge of Microsoft Office Products
- Detail-oriented
- Superior communication, interpersonal, multi-tasking, and organizational skills required
- Public Speaking and Presentation experience
- A team player with a great attitude, self-motivation, and the ability to work in a fast-paced environment
Education Requirements
- College Diploma or University Degree
Licensing Or Certification Requirements
- Valid P&C License
Compensation & Benefits
- The expected salary range for this position is $180,000 to $220,000 and will be impacted by factors such as the successful candidate’s skills, experience and working location, as well as the specific position’s business line, scope and level.
- HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance, FSA, HAS and 401(k) accounts, paid-time-off benefits such as vacation, sick, personal, floating holidays and company holidays.
- In addition, eligible annual bonuses, equity and commissions may be available for some positions.
Department Sales Required Experience
- More than 15 years of relevant experience
Required Travel
- Up to 50%
Required Education
- Bachelor's degree (4-year degree)