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Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Business Development Executive

Full-TimeUpdated on 10/24/2026
No salary listed
Senior
Durban, South Africa
HybridHybrid work; colleagues are expected in the local office or with onsite clients at least three days per week.
InsuranceInsurance Sales & Agency

About the job

Requirements
  • At least 5 years of proven success in a new business or business development role within a corporate or upper mid-market insurance environment.
  • Demonstrated ability to secure and grow large corporate accounts.
  • Strong technical knowledge of commercial insurance products and risk solutions.
  • Established market relationships and networking capability within the insurance industry.
  • Relevant insurance qualification (ACII/HCII/Fellowship advantageous).
  • RE qualification and FAIS-compliant credentials are required.
  • DOFA certificate and proof of INSETA credits are required.
  • Strong presentation, negotiation, and stakeholder engagement skills.
  • Advanced Microsoft Office skills, especially Excel and PowerPoint.
  • Valid driver's license and own transport.
Responsibilities
  • Identify, develop, and secure new business opportunities within the mid-market and corporate insurance sector.
  • Build and maintain strategic relationships with executives, key decision-makers, and industry stakeholders.
  • Manage the full new business cycle, including prospecting, solution design, negotiation, onboarding, and handover.
  • Structure and present tailored insurance and risk solutions aligned to client needs and risk profiles.
  • Provide technically sound advice across a broad range of commercial insurance classes.
  • Partner with internal specialist and service teams to ensure seamless implementation and ongoing support.
  • Achieve and exceed agreed new business and revenue targets.
  • Develop and execute business development initiatives and market penetration plans.
  • Identify and drive cross-selling opportunities across business divisions.
  • Maintain accurate pipeline reporting and activity tracking in line with company standards.
  • Represent the business professionally and strengthen insurer and stakeholder relationships.
Desired Qualifications
  • Relevant insurance qualification (ACII/HCII/Fellowship).

About the company

Marsh & McLennan Companies, which operates under the Marsh brand, is an insurance broker and consulting group serving businesses, governments and institutions worldwide. Its Marsh Risk unit arranges property, casualty, cyber and employee-benefit coverage, while Guy Carpenter places reinsurance for insurers. Mercer advises employers on pay, benefits, retirement and investments, and Oliver Wyman, Lippincott and NERA handle strategy, brand and economic consulting. Brokers earn commissions and fees from placing coverage, and consultants bill client fees or charge fees based on assets or plan members. The company traces its roots to 1871 and is headquartered in New York City.

Company Size

10,001+

Company Stage

N/A

Total Funding

N/A

Headquarters

New York, NY

Founded

1871

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Simplify Jobs

Simplify's Take

What believers are saying

  • Consulting drives growth: Mercer and Oliver Wyman's group grew 8% organically in the June 2026 quarter, versus 3% for broking.
  • Profits cushion jobs: Marsh kept about 27 cents of operating profit per sales dollar in 2025, before one-time costs.
  • Many career paths under one employer: 95,000+ colleagues span broking, reinsurance, benefits and strategy consulting in 130 countries.

What critics are saying

  • Expect cuts: Thrive, announced October 2025, sets aside $500 million, mostly severance and technology, to save $400 million yearly.
  • Pricing works against broking: Marsh's index shows commercial rates fell 6% in the June 2026 quarter, an eighth straight drop.
  • Back-office roles are being consolidated: a Business and Client Services unit is pooling operations and technology teams company-wide.

What makes Marsh & McLennan unique

  • Consulting is a third of the business: Mercer and the Oliver Wyman group earned 36% of 2025 revenue.
  • Investment management sets it apart: Mercer is the world's largest outsourced chief investment office, running portfolios for institutions.
  • Scale sets it apart: 2025 revenue grew 10% to $27.0 billion across broking, reinsurance and consulting.

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