Regional Bond Manager (Hybrid)

Selective Insurance Company of America

7d • Hybrid

About The Position

Responsible for the supervision of bond production, underwriting activities and management functions. Oversees the acceptance, declination and rating of risks. Responsible for meeting profitability goals within assigned region. Works in conjunction with the Small Business Team to ensure the proper underwriting of new and renewal surety and fidelity business. Establishes and develops agency relationships for new marketing opportunities in all bond product lines. Reviews and determines appropriate underwriting business decisions within assigned region. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Requirements

• 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.
• Must have valid state-issued driver’s license in good standing and be able to drive an automobile.
• College degree in financial-related area such as accounting, finance, business administration, or marketing preferred.
• 8+ years of bond underwriting or similar experience in another surety company.

Nice To Haves

• AFSB, AU, CPCU preferred.

Responsibilities

• Markets to agency force, establishing and developing solid agency relationships. Conducts underwriting meetings. Mediates issues between agents, insured’s, and other departments. Provides exceptional customer service.
• Evaluates new business and renewal submissions from underwriting staff to determine appropriateness. Underwrites accounts that exceed field authority. Prepares and submits concise, fully-developed underwriting recommendations, as required, for submission to management.
• Supervises, coordinates, and monitors activities of staff to ensure accurate, quality work, while maintaining high production standards.
• Monitors and ensures the achievement of the region’s profitability and production goals and keeps abreast of current market conditions that affect business levels.
• Uses bond system automation and enhancements to improve efficiencies within assigned region.
• Supervises the training and cross-training process of subordinate staff. Ensures that agency force is adequately trained and supported on the use of company systems.
• Educates and assists AMS staff with bond production to produce cross-sell opportunities and new leverage points with agency plant. Communicates with regional management and other underwriting business units about marketing activities, successes and issues.
• Work with SBU to help determine Strategic and tactical goals and initiatives to drive profitable growth. This includes setting goals for agents in conjunction with SBU with input from Insurance Ops Management in region.
• Must be able to drive an automobile to travel within territory. Car travel represents approximately 40% of employee’s time and a valid driver’s license.

Benefits

• 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 20 days of paid time off.
• Additional details about our total rewards package can be found by visiting our benefits page.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 1,001-5,000 employees