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The Institutional Defined Contribution business is on the frontlines of America’s retirement crisis, leveraging our unique capabilities to make it easier for people to save through their employers’ workplace savings plan. We do this by leveraging the depth and breadth of BlackRock to deliver investment solutions that are simple, convenient, and cost-efficient that make it easier for more people to save and generate wealth. As the industry’s #1 Defined Contribution (DCIO) provider and the inventor of the target date fund, BlackRock leads the industry. We’re constantly raising the bar to drive better outcomes for our clients and paving the way for the next generation of retirement solutions.
Job Responsibility:
Design and implement a sales strategy for $500mm and larger DC clients and prospects within the Institutional Defined Contribution business
Identify and diligently pursue new investment opportunities through consultative dialogues with investors
Focus on strategic products for the group as well as mandates that will have the most commercial impact
Meet predetermined targets for net-new revenue and sales activity
Effectively develop a cohesive and consistent narrative around the firm’s competitive advantage, investment capabilities, industry positioning and the DC landscape
Develop product fluency across BlackRock's investment options including but not limited to LifePath, Fundamental Fixed Income, Systematic Active Equity and our Index platform
Record client activities and opportunities in CRM systems on a timely basis
Work collaboratively with partners within BlackRock to meet clients’ needs and objectives
Lead support staff on assigned accounts to service clients and implement sales strategy
Mentor junior team members and contribute to the staff’s overall development
Requirements:
6+ years of established track record in institutional relationship management and fundraising
Proven sales background – ability to drive results in an autonomous working environment and in close collaboration with colleagues across business units
Track record of building strong client relationships and being viewed as a “trusted advisor”
Experience in raising capital for institutional products
Deep investment knowledge
Strong proficiency across a wide range of Investment products
Deep industry knowledge, including clear awareness of key issues and financial issues affecting Defined Contribution plans
Strong interpersonal skills to establish credibility with key stakeholders both internally and externally
Track record of partnering with consultants and/or consultant relations professionals to drive new opportunities and service existing clients
Collaborative and cooperative approach to a team-based sales and service model
Ability to lead by example – high work product standard and strong work ethic
BA/BS degree in related field
Has, or is willing to obtain, the series 7, 63, and insurance licenses
Nice to have:
Self-managed, highly driven by relationship management and revenue generation
Proven intellectual ability and interpersonal skills
Highly effective in forging working relationships with team members and business counterparts
Ability to inspire and motivate the team to deliver high levels of performance
Excellent verbal, written communication and presentation skills
Strong time management, organizational and problem-solving skills