Bestow

Director, Enterprise Sales & Business Development

United States

Bestow Logo
$180,000 – $200,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Enterprise SoftwareIndustries

Requirements

Candidates must have over 6 years of experience in business development, management consulting, or enterprise SaaS sales. Life insurance experience is essential, whether through direct industry involvement, consulting for insurance carriers, or providing technology solutions to life insurance clients. Strong preference is given to those with enterprise sales experience involving multiple decision-makers. A hunter mentality and the ability to build new relationships from scratch are required. Candidates should demonstrate initiative, comfort with ambiguity, and a bias toward action. A Bachelor's Degree or equivalent experience is mandatory.

Responsibilities

The Director of Enterprise Sales & Business Development will lead the business development process and account strategy for generating opportunities with large life insurance carriers. They will manage multiple opportunities through various stages of the business development cycle, serving as the primary contact for partners. The role involves influencing key decision-makers at target carriers through value-based selling and conducting in-depth discovery of carrier needs to shape Bestow's strategy. Additionally, the Director will work to deepen relationships with carriers, expand into new product distribution channels, and set and exceed revenue goals for the Enterprise SaaS business.

Skills

Sales
Business Development
Enterprise Sales
Life Insurance
SaaS
Strategic Planning
Relationship Management
Business Strategy
Product Development

Bestow

Digital platform for life insurance solutions

About Bestow

Bestow offers a digital platform for purchasing life insurance, focusing on making the process quick and easy for individuals. Their technology streamlines the application process using advanced underwriting methods, allowing customers to receive instant decisions on their coverage. Bestow's software manages the entire insurance lifecycle, which helps reduce costs and enables the rapid launch of new insurance products. Additionally, the company utilizes data solutions to enhance customer data for better marketing strategies and audience targeting. Unlike traditional insurance providers, Bestow emphasizes a user-friendly experience and affordability, with coverage starting at $11 per month. Their goal is to provide accessible life insurance while maintaining high customer satisfaction, as evidenced by their excellent ratings and A+ Better Business Bureau score.

Key Metrics

Dallas, TexasHeadquarters
2017Year Founded
$133.8MTotal Funding
SERIES_CCompany Stage
Data & Analytics, FintechIndustries
201-500Employees

Benefits

Competitive salary
Equity
Annual bonus based on company and individual performance
Flexible PTO plan
Medical, dental, & vision insurance
Paid parental leave
Annual lifestyle spending account
Flexible work-from-home policy
Learning & development opportunities

Risks

Departure of key compliance officer may affect regulatory risk management.
Pending Sammons acquisition could alter Bestow's strategic direction.
Recent layoffs and low website traffic indicate potential customer engagement challenges.

Differentiation

Bestow offers a digital platform simplifying life insurance purchase processes.
The company uses advanced underwriting technology for quick insurance application decisions.
Bestow's data-driven approach optimizes marketing and audience segmentation.

Upsides

Growing demand for digital insurance solutions boosts Bestow's market potential.
Partnership with Transamerica enhances Bestow's market reach and credibility.
InsurTech investments provide growth opportunities for Bestow's technology-driven solutions.

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