What are the responsibilities and job description for the Business Development Consultant position at Lockton?
Your Responsibilities
- Supports overall business planning, including due diligence and new-business creation
- Independently drives new business opportunities by gathering intelligence on current and potential clients, analyzing market trends and industry segments, evaluating impact to Lockton, developing market strategy, and implementing marketing plans
- Uses market intelligence to develop integrated revenue/expense analyses, valuation of opportunities, projections, reports, and presentations
- Identifies trends and developments in competitive environments and presents findings to stakeholders
- Adheres to benchmarks and best practices to measure success in developing new business
- Maintains accurate record systems of past and potential opportunities including updating and enriching CRM data and tracking/nurturing prospective opportunities/pipeline.
- Acts as central point of contact for stakeholders including Producer Partner, legal, finance and operations
- Collaborates on business plans for merger and acquisition opportunities including integration planning
- Formulates and negotiates contractual arrangements
- Constructs new issue and takeover timetables
- Supports local initiatives through new idea generation and process modification
- Ensures initiatives comply with internal standards and external regulations
- Assists with organizational strategic planning processes
- Maintains standardized report language and templates
- Performs other responsibilities as needed
- Bachelor’s Degree in Business Administration or related field or equivalent experience
- 1-4 years relevant experience in insurance brokerage, carrier, or internal business development
- Experience in finance, insurance, or M&A consulting preferred
- Strong Microsoft Office skills
- Strong verbal and interpersonal communication skills
- Knowledge of industry trends and regulations
- Legally authorized to work in the United States