Bond Associate

Provident Bank•Frankford Township, NJ

28d•$70,000 - $90,000

About The Position

For more than 65 years, Provident Protection Plus has served the businesses and residents of northern New Jersey, New York and Pennsylvania. Today, we are a wholly owned subsidiary of Provident Bank, the region’s premier banking institution. Our goal is growth in sales, marketing, and product development. We design and structure high-level insurance & risk management plans to clients within many industries. Producers earn residual income which is not transactional-one-time sales. You will sell new business and at the same time build residual income from the business you have generated in previous years. Those programs renew annually and as they do, you will continually be compensated for them. Seeking experienced bond account manager with minimum 3 years of experience. Responsible for handling day to day contract bond clients as well commercial surety new and renewal business. Gather all underwriting information for new business submissions to underwriters. Capable and comfortable to attend annual surety meetings with contractors and underwriters and peers.

Requirements

Minimum 3 years of experience in account management bond department in carrier or agency
Deadline and detail-oriented
Need to be extremely well organized
Familiarity with windows-based software
Ability to build rapport with clients and underwriters
NJ Property & Casualty Producers License

Responsibilities

Assist new and existing customers with their bonding needs, issue bid bonds, letters of intent and performance and payment bonds. Calculate and book premiums on these bonds. Process and handle bond renewals monthly.
Manage portfolio for small contractor bond business program. Remarket existing customers to new carrier when required. Gather client and surety obligation information to support preparation of submissions to surety underwriting. Gather annual updates of financial information for surety. Schedule and attend meetings between client and surety as needed.
Resolve customer questions and offer solutions to contractor and commercial oriented clientele. Enter new prospects, received via phone, email or referral into system and set up activity follow-ups. Monitor and collect bond premiums.
Support bond department needs in the absence of the Bond Manager. Support the training, coaching and development of bond team members.

Benefits

Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan.
In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance.
Company sponsored Tuition Disbursement and Loan Repayment programs are also available.
Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.

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