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FMIC Insurance Agency Inc.
Raleigh, NC | Full Time
$103k-137k (estimate)
1 Week Ago
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FMIC Insurance Agency Inc.
Raleigh, NC | Full Time
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Territory Business Development Manager
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$103k-137k (estimate)
Full Time 1 Week Ago
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FMIC Insurance Agency Inc. is Hiring a Territory Business Development Manager Near Raleigh, NC

Job Description

Job Description
Benefits:
  • 401(k) matching
  • Bonus based on performance
  • Company car
  • Competitive salary
  • Health insurance
  • Opportunity for advancement
Summary:
The Territory Business Development Manager will be responsible for identifying and building new agency relationships, identifying new business opportunities, and driving key growth strategies. This individual will be responsible for prospecting new agents and brokers, developing strong relationships with existing agents and brokers as well as other distribution sources. This individual will function as a liaison and work in conjunction with our underwriting, claims and loss control teams. The successful candidate will be responsible for the profitable growth of the territory.
Essential Duties and Responsibilities:
.
  • Responsible for the development and growth of the agency plant.
  • Set marketing and sales strategy that align with the corporate strategy; execute with a sense of urgency.
  • Candidate must have the ability to travel up to 50% of the time; this will vary quarter to quarter.
  • Prospect and appoint new agents, manage agency relationships to achieve production and profitability objectives.
  • Monitor sales results, including submission and call activity.
  • Develop necessary reporting tools and report results quarterly.
  • Develop and execute agency action plans for achieving individual agency objectives.
  • Collaborate with underwriting to develop effective value proposition for our business.
  • Review and analyze agents' production and results, making use of various internal reports (Agency Score Cards, Agency Loss Ratio Report, etc.).
  • Gather, analyze, and maintain competitive information. Make appropriate recommendations based on competitive landscape.
  • Responsible for building and maintaining effective business relationships with internal and external customers and coworkers in order to attract and retain profitable business.
  • Act as a liaison between underwriting staff and agent in solving problems.
  • Identify opportunities and spearhead development of new business and / or programs.
  • Build new partnerships to enhance companys ability to provide markets to our agency force.
  • Assist and/or train all new employees and sub-producers where appropriate.
  • Maintain statutory compliance with all agency licenses, state regulatory requirements, record keeping and retention requirements for all company appointments and cancellations.
  • Deliver timely customer service to clients, company personnel and agency partners.
  • Conduct all business in a professional manner and with the highest ethical standards.
  • Adhere to confidentiality including all information obtained during course of employment.
  • Other duties as assigned.












Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education/Experience
  • Bachelors Degree in Business or related degree. Five or more years of experience as a Business Development Manager in the property and casualty insurance industry with an emphasis on workers compensation.
Licenses/CredentialsProperty and Casualty/Surplus Lines License as well as industry designation a plus.
Required Skills/Abilities
  • Seasoned insurance leader who exemplifies professionalism and a commitment to superior customer service.
  • Excellent interpersonal skills and client services skills.
  • Strong negotiation, presentation and management skills.
  • Organization, prioritization, and multi-tasking skills.
  • Strong technical skills including the ability to navigate multiple systems, software and windows based computer applications.
  • Ability to work on different projects simultaneously.
  • Exceptional verbal, written, and visual communication skills.
  • Excellent organizational skills and attention to detail.

Flexible work from home options available.

Job Summary

JOB TYPE

Full Time

SALARY

$103k-137k (estimate)

POST DATE

06/03/2024

EXPIRATION DATE

06/22/2024

WEBSITE

fmicagency.com

HEADQUARTERS

RALEIGH, NC

SIZE

<25

FOUNDED

1998

CEO

KEITH BIGGS

REVENUE

<$5M

INDUSTRY

Insurance

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