Business Development Director directs the execution of the business development vision, strategy, plans, and processes to drive sales, increase revenue, expand markets, and accomplish financial objectives. Identifies and evaluates new markets, partners, channels, and customers. Being a Business Development Director develops and uses contacts and relationships within the industry, business environment, and customer base to understand and respond to competition, pricing, and product demand changes. Oversees the development of proposals and contracts for new business opportunities and manages negotiations. Additionally, Business Development Director collaborates with marketing, sales, product development, and other stakeholders to support business development plans. Requires a bachelor's degree. Typically reports to top management. The Business Development Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Business Development Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)
The role of Wealth Management Business Development Director will support the overall growth of 1847Financial by recruiting Financial Professionals to affiliate directly with 1847Financial to include HTK and Penn Mutual. 1847Financial offers many affiliation models which will allow the Wealth Management Business Development Director to consult with Financial Professionals that are seeking to find the right broker/dealer and/or life insurance company to successfully grow and provide comprehensive support to their wealth management practice. The ideal candidate will have a strong track record of recruiting Financial Professionals, a well versed background in wealth management (broker-dealer, RIA services), a strong entrepreneurial mindset and the drive to help Financial Professionals grow their practices after affiliating with 1847Financial and our firms.
Compensation for this role will be a mix of base salary, and a bonus plan based on recruiting results and overrides after a financial professional successfully transfers their book of business depending on their affiliation channel.
Strong understanding of the financial services industry and field distribution systems
Education
Penn Mutual helps people become stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people’s ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. Penn Mutual supports its financial professionals with retirement and investment services through its wholly owned subsidiary, Hornor, Townsend & Kent, LLC, member FINRA/SIPC.
$120,000 base salary plus variable compensation plan and annual bonus plan
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