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Business Development Executive, Intellium

Factory Mutual Insurance, Walnut Creek

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Job Description:

Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.

Solicit and develop new data center clients for FM  Intellium , FM’s recently established data driven   business unit. Build and sustain a healthy pipeline of new business opportunities through effective prospect outreach, funnel management, and disciplined calling activities. Partner closely with the New Business Manager – FM  Intellium   to execute the FM  Intellium   sales strategy, including targeted broker engagement, industry conferences, and thought leadership   panel participation.  

Schedule and Location  

This position can be based out of any one of the following US office locations: Walnut Creek, CA (San Francisco), Frisco, TX (Dallas), Park Ridge, IL (Chicago), Norwood, MA (Boston),  Reston VA   ( DC ), or  New York, NY .     

Travel throughout the US is  required   ~ 5 0% annually.    

Responsibilities    

  • Achieve the annual new business  objective   balancing our dual delivery channels of direct as well as opportunities through our brokered partners  

  • Maintain a healthy pipeline of new business opportunities through effective calling and funnel management activities  

  • Develop and  maintain   a list of opportunities to call and develop hand in hand with  FM  Intellium   and operations management teams  

  • Keep  prospect   information in SRS current,  accurate   and updated as  new information   is developed during the sales process  

  • Achieve the annual call goal including in person calls to prospects at various stages of the sales funnel  

  • All calls will be planned,  executed   and recorded in SRS using the  Sphere   Consultative Selling Framework skillset   

  • Understand the business needs of our prospective clients    

  • Craft and execute a sales journey with internal and external stakeholders leading to a winning proposal at a high success rate  

  • Deliver a client centric proposal that articulates the value of doing business with FM and links their specific needs with the services that FM can deliver    

  • Lead through influence internal work groups to formulate strategies to maximize our hit ratio on new business    

  • Use   Whiteboarding to  identify   what is important to the prospect and how FM ’ s value proposition can deliver on those needs     

  • Develop and deliver internal and external road maps of the  prospect   journey     

  • After CST assignment, lead the team in collaborative development, maintenance, and execution of the situational analysis    

  • Through actively  participating   in meetings, conferences and appearing at industry-related functions :  

  • B uild and  maintain   FM’s brand and market  expertise   as a subject matter expert in the renewable and power generation industry as well as relationships with specialty brokers servicing this industry  

  • Keep  apprised   of our competitor’s products and services

Qualifications:

Required  Education    

  • Bachelors   Degree ; CPCU,  and/or  ACII experience  

Highly Preferred Education  

  • A dvanced degree in business,  marketing   or   engineerin g  

Required Work  Experience    

  • 3+ years in the  i nsurance  i ndustry experience successfully quoting, engineering and/or underwriting power generation accounts    

Highly Preferred Work Experience   

  • 5 + years in the  i nsurance  i ndustry experience successfully quoting, engineering and/or underwriting power generation accounts    

Required Skills:  

  • Excellent interpersonal skills  

  • Knowledge of property forms, HPR engineering,  competitors   and brokers  

  • Demonstrate potential sales ability,  presentation   and negotiation skills  

  • Proficiency   with computers and associated software such as Excel,  PowerPoint   and Word  

The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.
 
FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.