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An established industry player is seeking a motivated Business Development Representative to drive new business opportunities. In this role, you will engage in cold calling and prospecting, aiming to generate qualified leads for the sales team. Your success will be measured by the number of meetings you book and the potential deals you influence. This position offers a dynamic office environment where your communication skills and business acumen will shine. If you have a passion for sales and a knack for connecting with people, this is the perfect opportunity to grow your career in a supportive setting.
A Business Development Representative (BDR, for short) is responsible for generating new business opportunities. Daily, BDRs are making cold calls, sending emails, and leading high-level discovery calls with prospects. The ultimate goal is to produce four qualified leads per eight-hour shift, which eventually turn into legitimate sales opportunities. Once a meeting is booked, the BDR passes the prospect off to a Senior Risk Consultant (SRC).
The BDR will also be required to attend one meeting per week, pre-renewal meeting or renewal meeting, with a Senior Risk Consultant as a required learning activity, included in their base compensation structure.
It is important to note that while most BDR teams fall under the sales umbrella, they’re not closing any deals. They are only responsible for First and Second calls then once approved, the First Meeting. Demonstrating the insurance program, drafting a proposal, and closing the deal are all the responsibilities of a SRC, not a BDR. Instead, the BDRs are measured on the number of meetings they book and potential deals they influence.
BDRs will have weekly, quarterly, and annual quotas. These quotas will account for things such as the number of calls made, the number of first meetings booked, the number of second meetings booked, and the number of meetings booked that result in a new client for CMB. These types of prospecting activities are tracked and stored using the company software provided. All leads are tracked by looking at a BDR-influenced sales pipeline, or the number of potential deals created as a result of business development efforts.
Essential Functions:
Key Performance Indicators for the Business Development Representative Role
Knowledge & Experience Requirements:
This job operates in a professional office environment. Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.