Full-Time

Affinity & Partnerships Business Development Manager

Posted on 8/22/2024

At-Bay

At-Bay

201-500 employees

Provides insurance and cybersecurity solutions

Cybersecurity
Financial Services

Compensation Overview

$110k - $120kAnnually

Senior

New York, NY, USA

Category
Business Development
Business & Strategy
Requirements
  • Minimum of 5 to 7 years experience in the US commercial insurance industry
  • Knowledge and established relationships within the US commercial insurance industry - with a preference towards candidates in carrier roles responsible for API-integrations, digital distribution solutions, and managing affinity and programmatic trading opportunities
  • Candidate should have working knowledge of commercial underwriting, pricing and coverages prevalent in SMB and middle market professional lines products including cyber, MPL, and Tech E&O
  • The ideal candidate will have an exceptional reputation in the market with wholesale and retail brokers, and other relevant stakeholders
  • Strategic mindset to assess how At-Bay can differentiate from its competitors and an open-minded approach to considering and developing alternative and non-traditional distribution opportunities
  • The ideal candidate is a self-starter, who maintains the highest-level of personal accountability. Equally as important, this person must have the charisma and executive presence to influence and build meaningful relationships with a broad and diverse set of wholesale and retail brokers
  • Passionate about the business and takes a sincere interest in the success of customers and partners
  • This candidate must be a phenomenally effective communicator, with outstanding experience calling on and negotiating with the brokerage community
  • Recognize development needs and coach to improve performance - and ensure that colleagues and teams have the support and resources needed to be successful
  • Candidate should be able to effectively build commitment and excitement and win support and resources for initiatives at multiple levels both inside and outside the organization
  • An ability to inspire trust and followership in others through compelling influence, powerful charisma, passion in their beliefs, and active drive
  • Team player with the ability to influence in the absence of authority
  • Comfort working in a start-up environment where the pace of change is fast and teams are continuously evolving
  • You own the outcomes of your role. Having the ability to work independently with minimal supervision and oversight are critical in this role.
Responsibilities
  • The successful candidate will be proactive in building relationships with wholesale and retail brokers to develop and manage new affinity, association, bulk quoting, white-label, and program management relationships which leverage At-Bay’s API-driven digital distribution tools, investments and capabilities
  • Ideal candidate will assist At-Bay in developing strategies and tactics to engage industry-focused affinity opportunities in areas such as professional and trade associations, hospitality & leisure, non-profits, restaurants, retailers, sharing economy, and other homogeneous risk pools
  • Collaborate with the Head of National Broker Relations, Head of Field, and Partnerships verticals at At-Bay to develop penetration strategies for new and existing affinity arrangements to drive revenue for both At-Bay, our broker partners, and sponsors
  • Develop a pipeline of prospective opportunities, hold meetings, seminars/webinars - and manage outbound email and social media campaigns to source partnership opportunities
  • Work with At-Bay’s Regional Managers and underwriters to develop national and regional business plans that drive the sales and development of new and existing affinity opportunities
  • Project manage all RFP/RFI requirements which result from sales and business development activities
  • Ensure strong execution and management of sales process including memorializing contacts, competitive intelligence, and market engagement via the use of At-Bay’s CRM systems
  • Maintain strong relationships and rapport with senior level professional counterparts at wholesale and retail brokerages, clusters, aggregators, rating platforms, AMS, and adjacent affinity partners
  • Attend and participate in industry events and conferences to build up a strong professional network, maintain proximity to the market and represent At-Bay as a thought leader in affinity and digital distribution solutions
  • Ensure that the Partnerships team is staging the sales experience consistently and effectively, and provide customer success feedback and guidance to the broader At-Bay leadership team
  • Maintain seamless alignment with At-Bay’s other market-facing executives throughout the development and execution of strategic broker initiatives
  • Strive to always 'deliver the firm' by aligning client strategies and needs to At-Bay’s capabilities in digital distribution, underwriting, security, and claims

At-Bay provides businesses with solutions to manage cyber risk by combining insurance and cybersecurity technology. The company offers various types of specialty insurance, including Cyber, Tech Errors and Omissions (E&O), and Miscellaneous Professional Liability (MPL). At-Bay's approach integrates these insurance products with advanced cybersecurity services, allowing clients to address their cyber risk comprehensively. Unlike many traditional insurance providers, At-Bay focuses specifically on the intersection of insurance and cybersecurity, which sets it apart from competitors. The goal of At-Bay is to help businesses effectively manage and mitigate cyber risks while fostering an inclusive workplace and expanding its global presence.

Company Stage

Series D

Total Funding

$284M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

6%

1 year growth

8%

2 year growth

26%
Simplify Jobs

Simplify's Take

What believers are saying

  • Expansion of Cyber and Tech E&O coverage targets larger enterprises, increasing market reach.
  • AI-driven risk assessments improve underwriting and claims processing, reducing costs and enhancing coverage.
  • Partnership with CrowdStrike enhances cybersecurity capabilities for SMBs, closing the skills gap.

What critics are saying

  • Shutdown of Relay platform may indicate financial or strategic challenges within At-Bay.
  • Increase in indirect ransomware incidents could lead to higher claims and financial losses.
  • Dependency on CrowdStrike's technology poses risks if the partnership faces challenges.

What makes At-Bay unique

  • At-Bay combines insurance with cybersecurity, offering a unique InsurSec solution.
  • The company provides coverage for Cyber, Tech E&O, and MPL, serving diverse business needs.
  • At-Bay's proprietary cybersecurity solutions include the At-Bay Stance Managed Detection & Response.

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Benefits

Health, dental, & vision

20 days paid vacation

401k

Paid parental leave

Quarterly wellness days & mental health resources

Flexible working hours & remote work

Investment in learning & development

Life insurance & disability

INACTIVE