Business Development Executive
Business Development Executive
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Job Description
The Group:
Morningstars Data Research & Enterprise Solutions group is responsible for helping our advisor and institutional clients build their businesses and provide better outcomes for investors. The group primarily sells Morningstar Direct Software Data and Reporting Solutions along the following client segments: Advisor Asset Management and Institutional Consultants.
The Role:
Business Development Executives on the Enterprise Mid-Market sales team generate revenue for Morningstar by effectively driving new company business for Morningstar Direct Data and Reporting Solutions. They develop new relationships by assessing prospective clients needs and apply a consultative approach to assemble creative solutions from Morningstars diverse portfolio of product offerings. This person must quickly develop a thorough understanding of our capabilities and how our solutions solve problems. This position requires client-facing travel within an assigned territory and is based in our Chicago office and hybrid attendance is required.
Responsibilities:
- Aggressively grow new business among prospective firms within an assigned territory
- Proactively uncover upgrade opportunities among current Advisor Workstation customers
- Conduct sales demonstrations of Morningstar capabilities and solutions including Morningstar Direct
- Build a network of prospects within an assigned territory through industry conferences trade associations and custodial relationships
- Act as a liaison between prospective customers and our Software Sales Engineers to complete thorough and effective solution evaluations
- Collaborate with other Mid-Market colleagues to lead outreach and direct sales opportunities
- Facilitate at least 90 combined sales demonstrations and meetings per quarter
- Document your activities in SFDC
Qualifications:
- A bachelors degree
- A minimum of two years of financial services industry sales experience with a proven record of success
- A creative approach to problem-solving
- Direct exposure to the financial marketplace is desirable as is a comfort level with technology and software
- Excellent listening communication negotiation and relationship-building skills
- Alignment with Morningstars core values and mission to empower investor success
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. Thats why we champion your wellness through a wide-range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
- Financial Health
- 75% 401k match up to 7%
- Stock Ownership Potential
- Company provided life insurance - 1x salary commission
- Physical Health
- Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2000 annually) for specific plansand coverages
- Additional medical Wellness Incentives - up to $300-$600 annual
- Company-provided long- and short-term disabilityinsurance
- Emotional Health
- Trust-Based Time Off
- 6-week Paid Sabbatical Program
- 6-Week Paid Family Caregiving Leave
- Competitive 8-24 Week Paid Parental Bonding Leave
- Adoption Assistance
- Leadership Coaching & Formal MentorshipOpportunities
- Annual Education Stipend
- Tuition Reimbursement
- Social Health
- Charitable Matching Gifts program
- Dollars for Doers volunteer program
- Paid volunteering days
- 15 Employee Resource & Affinity Groups
Morningstars hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote weve found that were at our best when were purposely together on a regular basis typically three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are youll have tools and resources to engage meaningfully with your global colleagues.
001MstarInc Morningstar Inc. Legal EntityEmployment Type
Full-Time
