Business Development Specialist - BMO Insurance

BMO; Montreal; On-site; CAD 41,000 - 77,000; Full time

Job summary

BMO seeks a Business Development Specialist for their insurance division. This role involves driving sales and promoting BMO Life Assurance products to managing general agencies and brokers, alongside providing strategic advice and building stakeholder relationships. Ideal candidates have relevant experience and a strong grasp of insurance and financial concepts.

Benefits

Health insurance

Tuition reimbursement

Retirement savings plans

Qualifications

• 3 - 5 years of relevant experience.
• Life insurance license is an asset.
• In-depth knowledge of insurance business and underwriting principles.

Responsibilities

• Consults with MGAs to promote BMO Life Assurance products.
• Attends regional industry events to promote products.
• Provides advice on implementation of solutions.

Skills

Communication skills

Collaboration skills

Analytical skills

Problem-solving skills

Influence skills

Education

Post-secondary degree in related field

Job description

Business Development Specialist - BMO Insurance

Join to apply for the Business Development Specialist - BMO Insurance role at BMO

Business Development Specialist - BMO Insurance

1 week ago Be among the first 25 applicants

Join to apply for the Business Development Specialist - BMO Insurance role at BMO

Get AI-powered advice on this job and more exclusive features.

The incumbent' role will work in collaboration with the BDM (Business development Manager).

Drives sales results to enhance the promotion of BMO Life Assurance product and services to managing general agencies (MGAs) and brokers. Shares feedback on the product, processes, etc. to internal stakeholders to ensure continual enhancement of the insurance offer.

• Consults with MGAs to promote BMO Life Assurance product and services to their brokers, including determining the application of the sales strategy for sales calls to prospect MGAs and brokers, supporting existing relationships with current MGAs and brokers, meeting with MGAs and brokers to promote products and attain sales objectives, conducting seminars and workshops, providing case support to obtain business, requesting special quotes and identifying potential new MGAs and brokers.
• Attends and participates in regional industry events to promote BMO Life Assurance products and services, and enhances the overall reputation of the company.
• Contacts MGAs and brokers within assigned region to promote product and services, and increase overall business results.
• Discusses sophisticated insurance concepts based on customer scenarios with MGAs and brokers to demonstrate the benefit of BMO Life Assurance products.
• Shares sophisticated insurance concept solutions to leverage success across the regional team.
• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group on implementation of solutions.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Provides monthly reporting of sales results for MGAs and brokers, and generates discussions on more productive business development opportunities.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Provides insurance quotations.
• Provides technical support on products, illustration software and other tools.
• Manages the special quote process ensuring that the response is received according to the desired timeline.
• Manages large case process to build the overall regional business. Expedites application as much as possible.
• Answers questions about insurance concepts.
• Creates marketing tools and presentations for use in the region.
• Maintains regional statistics.
• Supports the achievement of the business plan within the designated region.
• Supports the delivery of the desired client experience to MGAs and brokers to enhance business opportunities.
• Collaborates effectively with internal stakeholders to build capability and drive business growth.
• Focus may be on a business/group.
• Thinks creatively and proposes new solutions.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works mostly independently.
• Broader work or accountabilities may be assigned as needed.
  

Qualifications:

• Typically between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Life insurance license is an asset but not mandatory for the role.
• In-depth knowledge of insurance business, agencies and underwriting principles.
• In-depth knowledge of financial concepts, including financial planning and financial understanding of insurance products.
• In-depth knowledge of more advanced sales concepts in insurance, including corporate applications.
• In-depth knowledge of mutual fund industry is an asset.
• Specialized knowledge from education and/or business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
  
  
  

You’re fluent in French and English as this role provides support to clients and team members inside and/or outside the province of Quebec.

Salary:

$41,600.00 - $77,000.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development and Sales

Referrals increase your chances of interviewing at BMO by 2x

Get notified about new Business Development Specialist jobs in Montreal, Quebec, Canada.

Business Development Manager - FX & CFDs Industry - Canada Market

Greater Montreal Metropolitan Area 2 days ago

Bilingual Sr. Business Development Specialist - Virtual

Business Development Specialist - eMobility North America

Business Development Manager - HVAC for Pharma

Digital Strategist, Business Development

Bilingual Senior Business Development Specialist

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.