Business Development Executive

Morningstar, Inc.
life insurance, tuition reimbursement, 401(k)
United States, Illinois, Chicago
22 West Washington Street (Show on map)
Jan 06, 2025
Job Description The Group: Morningstar's 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 Morningstar's 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 bachelor's 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 Morningstar's core values and mission to empower investor success Total Cash Compensation: 111,400.00 - 200,500.00 Compensation and Benefits At Morningstar we believe people are at their best when they are at their healthiest. That's 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-$2,000 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 Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're 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, you'll have tools and resources to engage meaningfully with your global colleagues. 001_MstarInc Morningstar Inc. Legal Entity