Senior Bond Agency Manager (Remote) - Selective Insurance Company of America
Noblesville, IN 46062
About the Job
At Selective, we don't just insure uniquely, we employ uniqueness.
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 2024 and certification as a Great Place to Work® in 2024 for the fifth consecutive year.
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.
Manages bond production and underwriting activities. Oversees the acceptance, declination and rating of risks. Responsible for meeting profitability goals within assigned territory. Establishes and develops agency relationships for new marketing opportunities in all bond product lines. Reviews and determines appropriate underwriting business decisions within assigned territory. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
Responsibilities:- Markets to agency force, establishing and developing solid agency relationships. Independently conducts underwriting meetings.
- Mediates issues between agents, insureds, and other departments.
- Provide exceptional customer service.
- Evaluates new business and renewal submissions from agency force to determine appropriateness.
- Underwrite bond submissions within delegated authority levels.
- Prepare and submit concise, fully developed underwriting recommendations, as required, for submission to management.
- Uses bond system automation and enhancements to improve efficiencies within assigned territory.
- Ensures accurate and quality work, while maintaining high production standards.
- Work with RBM to assist in developing territory and region goals.
- Monitors and ensures the achievement of the territory’s profitability goals and keeps abreast of current market conditions that affect business levels.
- Acts as a proactive advisor to management.
- Assists with the training and cross-training process of other underwriters. Ensures that agency force is adequately trained and supported on the use of company systems.
- Educates and assists AMS staff with bond production and new leverage points with agency plant.
- Communicates with regional management and other underwriting business units about marketing activities, successes and issues.
- Responsible for contacting and assessing new agency appointments for bond business.
- Present assessment of these new appointments to AMS and/or RBM on a regular basis.
- Must be able to drive an automobile to travel with in territory.
- Car Travel represents approximately 30% of employee’s time.
- Required to maintain a valid driver’s license.
- 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.
- Bachelor’s degree in financial-related area such as accounting, finance, business administration, or marketing preferred.
- 4+ years of Bond Underwriting experience.
- AU and/or CPCU encouraged, AFSB preferred
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.
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.