Full-Time

Business Development Manager

Posted on 6/27/2024

Counterpart

Counterpart

51-200 employees

Risk management and insurance solutions provider

Data & Analytics
Fintech
Financial Services

Compensation Overview

$115k - $170kAnnually

Mid

Chicago, IL, USA

Residence and contacts in Chicago, Illinois are required.

Category
Business Development
Business & Strategy
Required Skills
Sales
Marketing
Data Analysis
Requirements
  • 3-6 years of experience selling commercial and/or professional liability insurance with established broker/agency connections.
  • An established professional network predicated on strong relationships with key decision-makers within insurance brokerages.
  • Strong interpersonal and team-building skills, including the ability to work with a diverse team while driving change across functional and business boundaries.
  • A proven track record of driving results, self-motivated, proactive and entrepreneurial spirit.
  • Comfortable working in a fast-paced, dynamic environment & accepting responsibility.
  • Excellent interpersonal communication skills (verbal & written).
  • Ability to manage multiple tasks/projects simultaneously.
  • Confident presenting to key internal and external stakeholders.
  • Experience working in marketing, sales, and / or operations in highly dynamic business environments.
  • Residence and contacts in Chicago, Illinois.
Responsibilities
  • Drive submission flow with management liability and professional liability brokers by helping to solve their needs and delivering value during routine in-person meetings and remote check-ins.
  • Onboard new broker teams engaging with them on how to access the teams and expertly explain all of the tools available to them.
  • Contribute to the monthly, quarterly, and annual forecasting process with key stakeholders, fine-tuning our strategy to meet and exceed these objectives.
  • Work closely with cross-functional teams to ensure our processes, products and people continuously adapt to changing market conditions and business needs.
  • Champion the use of technology and data analytics to streamline knowledge sharing, improve customer engagement, and enhance overall sales productivity.
  • Execute marketing plans to increase market share with preferred brokers (new business and renewal business).
  • Build and/or maintain an external profile in the industry through networking & trade events.
  • Ensure that every touchpoint with our brokers is representative of our brand, mission, and vision.

Counterpart provides risk management and insurance solutions specifically tailored for businesses and professionals, including executive practice groups and digital officers. The company utilizes a proprietary platform that simplifies the management of liability in a fast-paced business environment, making it user-friendly and effective. This platform distinguishes Counterpart from traditional insurance carriers and other startups by offering a fresh perspective on risk management. Counterpart's revenue comes from its risk management services, which are well-received by clients, leading to strong partnerships and growth. Additionally, the company is recognized for its strong underwriting and risk management capabilities, supported by a novel data infrastructure and advanced technology.

Company Stage

Late Stage VC

Total Funding

$54.5M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

22%

1 year growth

40%

2 year growth

135%
Simplify Jobs

Simplify's Take

What believers are saying

  • Recent $30M Series B funding boosts expansion and platform development.
  • Partnerships with Markel and Aspen enhance credibility and market reach.
  • Launch of Quote & Bind API streamlines insurance processes for brokers.

What critics are saying

  • Increased competition from AI-driven solutions may erode market share.
  • Rapid tech advancements require continuous platform updates, straining resources.
  • Potential regulatory scrutiny on AI platforms could increase compliance costs.

What makes Counterpart unique

  • Counterpart uses AI and big data for innovative risk management solutions.
  • The platform offers a unique approach to management liability for businesses and professionals.
  • Counterpart's proprietary platform is praised for ease of use and fresh risk management perspectives.

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