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Market Development Executive

beam · 30+ days ago
$144k+
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Full-time
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About Beam:
Beam was founded in 2012 by three engineers who saw the opportunity to modernize the dental benefits industry using technology. Today, Beam Benefits is a digitally-led employee benefits company that offers dental, vision, life, disability, and supplemental health coverage. The company simplifies and modernizes the $100+ billion ancillary benefits industry through its leading dental insurance product, breadth of ancillary benefits, AI-powered underwriting, diversified distribution channels, and next generation benefits administration technologically-driven customer experience.

Joining Beam Benefits Means:
-Working in a complex and dynamic business, simultaneously serving customers across employee benefits insurance product lines and growth and service channels
-Collaborating with a diversely skilled team to continuously improve
-Being empowered as an owner and expert
-Being motivated by improving how people access employee benefits



The Role:
A Market Development Executive (MDE) is a key in-market sales role at Beam, responsible for establishing and expanding as many partnerships as possible with brokerages in a territory. This starts with discovery and pursuit of new prospective brokerages and working with them to help them understand Beam's differentiators in order to expand their business. A variety of tactics (e.g. cold calling, email, web conferencing) are deployed in order to develop the relationship and educate brokers in order to work through a high volume of proposals to win new clients. The goal is to both establish a high number of broker partners as well as secure repeat business from some brokers as quickly as possible.

At a high-growth company like Beam, there is an expectation of every role to continually contribute to improve processes and best practices internally, and our data-driven approach requires a high level of organization and accuracy of sales data -- both are true for the MDE as well.

We need MDEs who can quickly learn the dental insurance business and can help lead Beam's growth in a market. A successful MDE thinks strategically and executes tactically, adapts quickly and does whatever it takes to succeed.

What You Will Bring:
You consistently meet or exceed sales goals, ideally in a high growth environment. You are self-motivated with a demonstrated desire to learn new technologies and skills. You work both independently and as part of a team in order to drive both individual and team sales success. You are able to thrive in a fast-paced, dynamic and sometimes chaotic startup environment.

What You Will Do:

  • Achieve sales and profitability goals in line with the overall company strategy and growth plan
  • Execute Beam's repeatable process in order to quickly develop a new market; This involves heavy activity including emails, cold calls, web demos, etc.
  • Establish and expand productive and professional relationships with independent and regional brokerage partners in your territory then quickly translate those into new Beam clients
  • Potentially work long and unconventional hours to get deals done, especially as you may work across time zones
  • Maintain accurate sales data to inform future sales process improvements and create efficiency across the team and new markets
  • Stay up-to-date with new product and feature launches and ensure your broker partners are informed
  • Know your numbers - continually drive toward activity and sales targets in order to ensure you're on track to meet goals; dig into the data with sales leadership to ensure your territory is and your broker partners are quickly trending toward success
  • Ability to travel to market as needed

What Skills Will Help You Be Successful:

  • 3+ years B2B Sales experience in a high-volume capacity; channel sales (e.g. through brokers) a major plus
  • 1+ year of experience generating and analyzing reports to enhance sales or customer experience
  • Ability to quickly learn new industries (e.g. dental insurance) and adapt to new sales processes and tools
  • Ability to travel  within territory or other meetings as required
  • Excellent organizational skills and attention to detail
  • Familiarity with Salesforce, Salesloft or other CRM / sales toolsMedical sales, benefits, HR, or brokerage experience not required, though a plus
  • Ability to secure your Life & Health license within 60 days of start date

Training and Development:

  • Beam offers a comprehensive initial one month training with ongoing support in the role
  • Learn industry-specific communication and sales techniques that will enable you to find solutions for your clients and close deals
  • Gain extensive knowledge on Beam’s internal administration tools, and the industry’s leading CRM tool, Salesforce
  • Become an expert in the world of dental benefits and Beam’s technological advancements!
Compensation and Benefits:
-Competitive base salary with attractive variable compensation structure
-Performance-based bonuses and incentives
-Comprehensive benefits package, including health, dental, and vision insurance
-401(k) plan with company match
-Flexible time off
-Opportunity to participate in Beam's equity program

Last updated on Oct 17, 2024

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