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Surety Bond Territory Manager (Remote within Ohio)

Company: Selective Insurance
Location: Branchville
Posted on: April 3, 2024

Job Description:

DescriptionAt Selective, we don't just insure uniquely, we employ uniqueness.
Our Business
Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years.Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2023 and certification as a Great Place to Workin 2023.
Working at Selective
At Selective, we don't just insure uniquely - we employ uniqueness. Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs.
Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and paid time off plans. Additional details about our total rewards package will be provided during the recruiting process.
Manages bond production and underwriting activities within assigned territory. Oversees the acceptance, declination and rating of risks while meeting profitability goals. Establishes and develops agency relationships for new marketing opportunities in all bond product lines.
1. Markets bond business to agency force and establish and develop solid agency relationships. Mediates issues between agents, insured's, and other departments. Provides exceptional customer service.
2. Evaluates new and renewal business submissions within delegated authority levels and, where appropriate, develops and presents underwriting recommendations on business that exceeds delegated authority to Regional Bond Manager.
3. Ensures accurate and quality work while maintaining high production standards.
4. Monitors territory's profitability goals and keeps abreast of current market conditions that affect business levels.
5. Utilizes bond system automation and enhancements to improve efficiencies within assigned territory.
6. Educates and assists AMS staff with bond production to produce cross-sell opportunities and new leverage points with agency plant.
7. Work with RBM to assist in developing agency, territory and region goals. Support strategic and tactical efforts to grow premium profitably.

Requirements and Qualifications:

  • Broad knowledge of surety & fidelity underwriting environment.
  • Demonstrated ability to effectively communicate with internal and external customers/peers.
  • Proficient with Microsoft Word, Excel, and Outlook.
  • College degree in financial-related area such as accounting, finance, business administration, or marketing preferred.
  • 5-7 years of bond underwriting experience preferred.
  • AU and/or CPCU encouraged.
  • AFSB preferred.

    The expected starting salary range for this role is$95,000 - $150,000. The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selective's footprint. Additional considerations include relevant education, qualifications, experience, skills, performance, and business needs.
    Selective is an Equal Employment Opportunity employer. That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.
    Selective maintains a drug-free workplace.


Keywords: Selective Insurance, Parsippany-Troy Hills Township , Surety Bond Territory Manager (Remote within Ohio), Executive , Branchville, New Jersey

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