PL Territory Sales Manager MA

The Hanover Insurance Group•Worcester, MA

7d•$90,000 - $115,000•Hybrid

About The Position

The Hanover is seeking a Territory Sales Manager for its Personal Lines Sales team, based in Massachusetts. This full-time, exempt role focuses on managing business development within an assigned territory by partnering with existing agents and appointing new ones. The goal is to acquire and retain profitable new accounts and increase penetration with successful agents. The role involves partnering with management to influence and execute a territory strategy and production plan, addressing product, pricing, and distribution needs to exceed goals in a competitive market. Success hinges on leveraging personal relationships for business outcomes. This includes meeting with agency principals for economic conversations to foster deeper partnerships and meeting with account managers and agency staff to enhance engagement and commitment to Hanover.

Requirements

Bachelor’s degree preferred
3+ year’s sales experience or applicable industry experience (claims, underwriting, etc.)
Working knowledge of current business conditions, the competition and territory specific issues. Good business acumen.
Proven experience cultivating and building effective business relationships
Demonstrated fluency with insurance rules and regulations, policy, product, and service requirements.
Excellent verbal and written communication skills; including formal and informal presentation skills
Strong consultative and negotiation skills; ability to effectively persuade and influence others
Ability to comprehend carrier/agency reports/metrics while recognizing trends and being able to use the data for fact based conversations that advance the company’s position within agencies.
Demonstrated creativity and strength in problem solving and developing solutions
Personal Lines underwriting and marketing capabilities a plus
Demonstrated creative problem solving and analytical skills
Strong decision making and negotiation skills
Shows determination and persistence in the face of challenges, overcoming obstacles, setbacks and rejection.
Ability to sell Hanover’s value proposition to the Agents
Ability to effectively cultivate strong business partnership with Agents.
Excellent written and verbal communication skills
Executive presence
Sets challenging goals and provides guidance and direction to staff
Strong people skills, effective at coaching & motivating; serves as a role model to build effective relationships.
Ability to foster productive teamwork
Maintains composure under stress by behaving flexibly, exhibiting self-confidence, and thriving in stressful situations.
Ability to work independently, with minimal direction and structure. Self-motivated, organized, and driven to succeed
Agency Economics & Analysis: Identifies metrics and uses them as a catalyst for action items and initiatives to make recommendations to agencies.
Agency Advise & Guidance: Has a sound understanding of agency operations to the extent they are able to advise and recommend actionable activities for mutually beneficial outcomes.
Execution: Leverages their trusted advisor status with agencies to advance Hanover’s objectives while proving to agents through a robust diagnostic process so that the recommended actions yield positive outcomes that are mutually beneficial.
Creates a buzz within agencies so that Hanover is the “go to” company as proven through account manager quote/issues, system knowledge, and regular/on-going interaction as well as production
Prioritizes/tailors knowledge and resources to meet the needs of agencies while making sound, fact based recommendations and ensuring their success through clear communication. Relentlessly follows up on assigned owners holding themselves and others accountable for measurable outcomes.
Ability to sell Hanover’s value proposition to Agents and maintain significant relevance within agency partners in territory.
Product and Insurance Knowledge: Knows Hanover product suite/underwriting appetite and can leverage the features/benefits to drive deeper agency relationships for more production from partner agents.

Nice To Haves

Personal Lines underwriting and marketing capabilities a plus

Responsibilities

Drive top line sales results within assigned territory, in conjunction with the ARVP, RVP and/or Sr. TSM, by conducting business development planning with agents located within assigned territory.
Achieve meaningful market share within winning agencies, maximizing quote/win ratio to meet and exceed plan.
Build and leverage proven position as an established, trusted advisor, focused on improving partners’ business performance.
Execute agency account plan and frequently monitor the Company and agency progress relative to plan.
Proactively develop and execute appropriate next steps if agency account objectives are not met, always anchoring back to the mutually agreed upon business plan.
Recommend termination of consistently unprofitable and/or unproductive agencies to Sr. TSM and Sales ARVP/RVP.
Leverage Hanover value proposition to obtain commitments for blocks of stable, controlled business.
Maximize conversion on book rolls & thins; negotiate and sell book consolidation capability and positive economic impact on agents business; aggressively manages the book consolidation pipeline to develop opportunities into signed deals.
Meet and exceed overall regional financial objectives by: Increasing total policies sold while maintaining and/or improving retention, Increasing average lines (policies) sold per client, Increasing agency and account manager engagement, especially among winning agents / future partners, Increasing Customer Service Center enrollment, Protecting margin by influencing agents to over-deliver "target" mix of flow business.
Gather competitive intelligence and share with internal partners to build a better defensible position.
Prospect and meet agency appointment targets.
Provide Agent and CSR training as necessary.
Adheres to Sales Best Practices.
Knows all of the account managers within every agency, as well as their key behaviors and attributes relative to their relationship with Hanover.
Updates account manager information in salesforce.com.
Is able to effectively leverage trusted advisor relationships for mutually beneficial outcomes.
Leverages data points for accountability and validation.
Leverages extensive knowledge for a steady flow of business, relevance, and production that meets goals.