Let’s get started
By clicking ‘Next’, I agree to the Terms of Service
and Privacy Policy
Jobs / Job page
Business Development Consultant - Irish Insurance Market image - Rise Careers
Job details

Business Development Consultant - Irish Insurance Market

Company Description

Verisk, has been a leading source of information about insurance risk since 1971. For a broad spectrum of commercial and personal lines of insurance, Verisk provides statistical, actuarial, underwriting, and claims information, as well as analytics; compliance and fraud identification tools; policy language; property related data; and technical services. Verisk Underwriting serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the general insurance marketplace. To learn more about Verisk please visit: www.verisk.com. Our global team uses machine learning, automation, and other emerging technologies to collect and analyse billions of records. We provide advanced decision-support to help manage risks and claims, as well as monitoring and advising companies on complex global matters such as climate change, catastrophes, and geopolitical issues. At its core, Verisk uses data to minimize risk and maximize value. But far bigger, is why we do what we do.

But why we do our work is what sets us apart. It stems from a commitment to making the world better, safer and stronger.

It’s the reason Verisk is part of the UN Global Compact sustainability initiative. It’s why we made a commitment to balancing 100 percent of our carbon emissions. It’s the aim of our “returnship” program for experienced professionals rejoining the workforce after time away. And, it’s what drives our annual Innovation Day, where we identify our next first-to-market innovations to solve our customers’ problems.

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We’ve been recognized by Forbes as a World’s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce.

Job Description

  • Act as first point of contact for designated clients, visit new and existing clients to demonstrate products in order to win new business,
  • Be responsible for developing and managing new client relationships assigned by the Chief Commercial Officer or Sales Director
  • Account manage designated customers
  • Drive new business growth from existing and new clients, manage your new business pipeline and execute client strategy plans
  • Manage and follow relevant administrative systems and sales processes such as account plans, sales force, sales plans and internal processes.
  • Ensure customer satisfaction by collaborating across internal business teams and coordinating customer strategy with other business units.
  • Negotiate contract terms and pricing of license agreements with new and current business partners. This includes coordinating with the Legal Department and the Chief Commercial Officer and/or Sales Director to review contracts and licensing issues.
  • Establish a need for new products and capture client requirements: ensure a feedback process for these requirements and challenges into product development and innovation teams
  • Provide input into forecast and revenue tracking systems, including risk assessment of client and business partner revenue numbers for annual forecasts and budgets for
  • Monitor licencees / contracts to ensure compliance with licence (e.g. tracking and verifying receipt of appropriate fees and ensuring renewals).
  • Complete all responsibilities as outlined in the annual Performance / Objectives plan
  • Complete all special projects including engagement with key stakeholders and other duties as assigned
  • Promote the Verisk brand within the insurance market and present a positive, professional image of the company at all times.
  • Work with the Operations Director to plan and arrange customer services reviews, ensure all documentation is up to date and metrics are prepared in a timely manner by service team.

Qualifications

  • Ideally a Bachelor’s degree or equivalent plus 5 years plus of experience working in a client facing role, ideally within the data or insurance sector
  • Proven customer service, sales and marketing, and negotiation experience are required.
  • Experience in preparing and executing sales contracts,
  • Strong communication, interpersonal, negotiation and organisational skills are required.
  • Must have demonstrated ability to develop and maintain effective relationships with customers, including handling difficult and complex customer issues and related projects.
  • Experience in developing business opportunities, growing revenue and developing and managing a sales pipeline
  • An ability to actively contribute to product development by feeding back client requirements and needs, and supporting Verisk Product innovation.

Additional Information

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

https://www.verisk.com/company/careers/

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

#LI-Hybrid

#LI-JC1

Average salary estimate

$70000 / YEARLY (est.)
min
max
$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Business Development Consultant - Irish Insurance Market, Verisk

Are you excited about the world of insurance and looking to make an impact in business development? Verisk is a trusted leader in insurance risk data since 1971, and we're on the lookout for a passionate Business Development Consultant to support our mission in the Irish Insurance Market. In this dynamic role, based in vibrant Dublin, you'll be the face of Verisk for designated clients, showcasing innovative products and nurturing valuable relationships. You will not only drive new business growth from both new and existing clients but also play a crucial role in managing a diverse client portfolio. Your knack for collaboration will be key as you work closely with our internal teams to ensure the highest level of customer satisfaction. Embrace a blend of strategic thinking and hands-on problem-solving as you negotiate terms and ensure compliance with licensing agreements. You’ll be pivotal in capturing client feedback to influence product development and bring our customers’ needs to the forefront of innovation. Here at Verisk, we pride ourselves on a culture that champions engagement and inclusivity, which is reflected in our accolades from Forbes. Ready to join a team where your contributions matter? Come help us make businesses safer and stronger, and ultimately impact our global community for the better.

Frequently Asked Questions (FAQs) for Business Development Consultant - Irish Insurance Market Role at Verisk
What does a Business Development Consultant do at Verisk?

As a Business Development Consultant at Verisk, you will be responsible for building and managing client relationships within the Irish insurance market. This includes driving new business growth, collaborating with internal teams for customer satisfaction, and negotiating licensing agreements.

Join Rise to see the full answer
What qualifications are required for the Business Development Consultant role at Verisk?

To succeed as a Business Development Consultant at Verisk, you ideally need a Bachelor's degree and over five years of experience in a client-facing role, preferably in the data or insurance industry. Proven sales, negotiation, and customer service skills are also essential.

Join Rise to see the full answer
What benefits come with the Business Development Consultant position at Verisk?

At Verisk, we highly value our employees and offer benefits that support career development, work-life balance, and inclusivity. You'll get access to coaching, training, and opportunities for impactful work while enjoying a supportive and dynamic work environment.

Join Rise to see the full answer
How does Verisk ensure satisfaction for its clients?

Verisk ensures client satisfaction through proactive communication, collaborative efforts across internal teams, and a focus on understanding client needs, which enables us to innovate and align product offerings with market demands.

Join Rise to see the full answer
What growth opportunities exist for a Business Development Consultant at Verisk?

Verisk promotes from within and encourages employees to develop their careers through ongoing training, mentorship, and participation in innovative projects. As a Business Development Consultant, there are numerous pathways to elevate your career.

Join Rise to see the full answer
What is the company culture like at Verisk?

Verisk is recognized for an inclusive culture that fosters engagement and innovation. We prioritize diversity and actively support a healthy work-life balance, which is why we've received accolades from Forbes as a World’s Best Employer.

Join Rise to see the full answer
Can I advance within the company if I start as a Business Development Consultant?

Yes, Verisk firmly believes in recognizing and nurturing talent from within. Starting as a Business Development Consultant opens multiple avenues for advancement within our organization based on performance and initiative.

Join Rise to see the full answer
Common Interview Questions for Business Development Consultant - Irish Insurance Market
Can you describe your experience in managing client relationships?

In answering this question, share specific examples of how you developed and maintained effective relationships, handled challenges, and achieved results through these partnerships.

Join Rise to see the full answer
How do you approach driving new business development?

Discuss your strategic process, including identifying potential markets, creating sales strategies, and the importance of understanding client needs to successfully drive business.

Join Rise to see the full answer
What strategies do you employ to ensure customer satisfaction?

Provide examples of proactive communication techniques and collaboration efforts you have used in the past to maintain high customer satisfaction levels.

Join Rise to see the full answer
Tell me about a time you successfully negotiated a contract.

Focus on the steps you took to prepare for the negotiation, how you addressed objections, and the outcome, emphasizing your negotiation skills and how they benefited the client and company.

Join Rise to see the full answer
What can you tell us about Verisk and its impact on the insurance market?

Showcase your knowledge of Verisk's initiatives, values, and projects that resonate with you, demonstrating your understanding of how we contribute to making the insurance industry safer and more innovative.

Join Rise to see the full answer
How do you prioritize tasks when managing multiple client accounts?

Discuss your organizational skills and any tools or methodologies (like CRM systems) you utilize to stay on top of priorities while ensuring that no client feels neglected.

Join Rise to see the full answer
What role do data and analytics play in business development for you?

Explain how you leverage data to identify business opportunities, understand client needs, and shape sales strategies effectively.

Join Rise to see the full answer
How do you handle difficult conversations with clients?

Provide an example of a challenging situation, how you approached the conversation, and the strategies you employed to resolve issues and maintain the relationship.

Join Rise to see the full answer
What motivates you to work in the insurance sector?

Share your genuine motivation for working in this sector, perhaps reflecting on how you appreciate its impact on society and the opportunity to help businesses mitigate risks.

Join Rise to see the full answer
Describe your experience with project management in sales.

Outline your experience in managing sales projects from initiation to completion, highlighting any tools or strategies you use to keep everything running smoothly and on time.

Join Rise to see the full answer
Similar Jobs
Photo of the Rise User
Verisk Remote Málaga, Spain
Posted 3 days ago
Photo of the Rise User
Informa Group Plc. Remote 240 Blackfriars Rd, London SE1 8NW, UK
Posted 6 days ago
Maneva Remote No location specified
Posted 9 days ago
Photo of the Rise User
Five9 Remote United States (Remote)
Posted 10 days ago
Posted 4 days ago
Photo of the Rise User
Posted 7 days ago
Photo of the Rise User
GNC Hybrid Bryant, AR, USA
Posted 5 days ago
Photo of the Rise User
Posted 8 days ago

To be the leading strategic data, analytics and technology partner to the global insurance industry by delivering value to our clients through knowledge, expertise and scale.

174 jobs
MATCH
Calculating your matching score...
FUNDING
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
November 29, 2024

Subscribe to Rise newsletter

Risa star 🔮 Hi, I'm Risa! Your AI
Career Copilot
Want to see a list of jobs tailored to
you, just ask me below!