Converge Insurance Logo

Converge Insurance

Business Development Manager

Reposted 7 Days Ago
In-Office
Chicago, IL
145K-200K Annually
Senior level
In-Office
Chicago, IL
145K-200K Annually
Senior level
The Business Development Manager will drive growth by developing business plans, fostering broker relationships, and aligning products with broker goals.
The summary above was generated by AI

About Converge

Converge fuses cyber insurance security and technology to provide businesses with clear, confident cyber protection. Deploying a proprietary data ecosystem underpinned by expert underwriting, it provides risk solutions that deliver high value strategies with improved outcomes. Our team is composed of top-tier professionals across underwriting, technology, and claims who share a passion for driving the future of cyber risk management.

Position Overview

In this role the BDM will report directly to the Head of Distribution. This role will also work closely with the Underwriting team and the Director of Cyber Risk Solutions, aligning strategy, engagement, and connectivity focused on Converge’ s wholesale and partnered insurance strategy, identifying new opportunities, building out relationships and driving strategic engagement primarily in the Midwest/Central region. We are looking for seasoned sales professionals in the territory to help us develop and empower the success of our partners by aligning our product, technology and capabilities in support of our broker’s business goals.

Key Responsibilities

• The Business Development Manager will work with the Head of Distribution and Underwriting team to develop regional business plans that drive growth, optimize our products and programs, generate new opportunities, and retain renewals.

• The Business Development Manager will conduct planned brokerage visits within an assigned territory to develop new accounts, service existing accounts, review broker performance and improve the broker relationship with Converge.

• The Business Development Manager supports the Head of Distribution and Underwriting team by reinforcing Converge’s product appetite, coverage options, pricing, claims handling, and security service capabilities.

• Responsible for brokers’ satisfaction with Converge products/capabilities and connecting brokerage contacts to the appropriate Converge resources including underwriting, claims, and security services.

• The Business Development Manager will monitor performance and identify trends, partner alignment, and provide guidance to brokers as part of their periodic reviews.

• The Business Development Manager supports the Head of Distribution and Director of Cyber Risk Solutions on the success of the partnered insurance program initiatives, from lead generation to Go-to-Market strategy.

• Up to 25% of travel required (depending on location)

Qualifications & Experience

• 5+ years of experience in sales & underwriting, placing commercial cyber insurance and/or technology or cybersecurity

• Self-motivated and entrepreneurial spirit

• Comfortable working in a fast-paced, dynamic environment

• Strong interpersonal communication skills (verbal & written)

• Strong presentation skills

• Aptitude to learn technical concepts and terms

• Ability to manage multiple tasks/projects simultaneously

Education

• Bachelor’s degree.

Physical Requirements

• Prolonged periods sitting at a desk and working on a computer.

• Ability to lift up to 15 pounds occasionally.

• Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Compensation & Benefits

• Pay Range: $145,000 – $200,000 annually (commensurate with experience and location).

• Total Compensation Context: This role may be eligible for annual performance bonuses and equity participation.

• Benefits Overview: Converge provides comprehensive health benefits (medical, dental, vision), a 401(k) plan with employer contribution, and flexible paid time off (PTO).

EEO Statement

Converge Insurance is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Employment decisions are made without regard to race, color, religion, sex (including pregnancy, gender identity, or sexual orientation), national origin, age, disability, veteran status, or any other legally protected characteristic.

Top Skills

Cyber Insurance
Cybersecurity
Risk Management
Technology
Underwriting

Similar Jobs

15 Days Ago
Hybrid
Chicago, IL, USA
65K-83K Annually
Senior level
65K-83K Annually
Senior level
Information Technology
The Business Development Manager is responsible for growing the education segment by coordinating sales opportunities, building relationships, and executing growth strategies aligned with partners.
Top Skills: Crm Software
15 Days Ago
Hybrid
Chicago, IL, USA
Mid level
Mid level
Consumer Web • Events • Marketing Tech • Productivity • Software • Hospitality
The Business Development Manager will lead a sales team, develop outbound strategies, analyze KPIs, and collaborate cross-functionally to drive revenue growth.
Top Skills: Crm SystemsHubspot CrmSales Engagement Platforms
23 Days Ago
Hybrid
Chicago, IL, USA
65K-75K Annually
Senior level
65K-75K Annually
Senior level
Information Technology
The Business Development Manager drives growth in vertical markets by developing strategies, optimizing sales processes, and collaborating with external partners to meet customer needs.
Top Skills: Data-Driven TacticsTechnology Solutions

What you need to know about the Chicago Tech Scene

With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.

Key Facts About Chicago Tech

  • Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
  • Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
  • Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
  • Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account