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MRSGM NA Business Development Executive

Location Schaumburg, United States Job type Full-Time Work mode Hybrid Job level Professional Job ID 9459 Company Roanoke Insurance Group Inc Employment type Regular Area of expertise Sales
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Munich Re Specialty Global Markets North America (MRSGM N.A.) is looking for enthusiastic individuals to join us as we grow. As part of Munich Re Group, we are a unique organization providing expertise in specialty and marine lines of insurance as well as surety risks and customs bonds with in-house claims solutions.

We are seeking a full time Business Development Executiveto join the Roanoke Insurance Group division as a hybrid employee in our Schaumburg, IL office reporting to the Regional Vice President.

Job Profile

  • Generate, validate, and pursue new leads and referrals to expand our client base through various channels including networking, referrals, cold calling, and other marketing strategies
  • Analyze market trends and competitor strategies to identify potential clients and opportunities
  • Develop and implement strategic business plans to achieve assigned goals and objectives
  • Actively participate in industry events, conferences, and networking opportunities to build a strong professional network and enhance business development efforts
  • Close sales by addressing client concerns, overcoming objections, and effectively communicating the value of our insurance products and services
  • Maintain expert knowledge of our insurance product lines and serve as a resource to clients, providing solutions that meet their specific needs

Job Requirements

  • 3-5 years of proven experience in sales or business development within the insurance industry
  • Strong understanding of insurance products and services, with the ability to articulate technical information clearly to clients
  • Demonstrated ability to achieve or exceed sales targets and goals
  • Excellent negotiation, communication, and interpersonal skills 
  • Property & Casualty insurance license in home domicile state

MRSGM NA is open to considering candidates in numerous locations, including Schaumburg, IL. The salary range posted below applies to the Company’s Schaumburg, IL location. The base salary range anticipated for this position is $60,000 to $96,000 (as defined in the table below), plus opportunity for variable compensation up to 30-40% of base salary. The salary estimate displayed represents the typical salary range for candidates hired in this position in Schaumburg, IL. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

Base Salary

$60,000-$96,000

Pay Mix

~ 60-70% base / ~ 30-40% variable

About Us

MRSGM N.A. is the holding company for Roanoke Insurance Group (RIG) and Munich Re Specialty Group Insurance Services (SIS) located throughout 7 locations in the United States and Canada with over 250 employees.

SIS provides insurance to retail and wholesale insurance brokers in North America. Specialty lines include ocean and inland marine, cyber, tech E&O, terrorism, active assailant & political violence.

RIG operates as a specialty insurance broker focused on surety, insurance and related offerings for logistics service providers, customs brokers and companies with supply chains.

Benefits

We offer our employees a diverse work environment which champions professional development, innovation and passion; providing employees with a great benefits package. All of our benefits are effective the first day of employment including:

  • Generous healthcare plans
  • Voluntary dental & vision plans
  • 401(k) plan
  • Flexible spending plans
  • Health Savings Accounts (HSA)
  • Paid time off
  • Paid holidays
  • Tuition reimbursement
  • Short/long term disability
  • Paid Parental Leave
  • Employee Assistance Program (EAP)
  • Employee Wellbeing Program
  • Community involvement
  • Life insurance

At MRSGM N.A., individuality is a key driver for our success and progress. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building an inclusive culture where everyone is welcomed and valued for their authentic selves.

We offer equal opportunity employment regardless of age, sex, race, color, creed, national origin, religion, veteran status, sexual orientation, atypical hereditary traits, marital status, disability, gender identity or expression, or any other characteristic protected by law. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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