Bond Account Manager

Bond Account Manager

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.

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.

Qualifications

Licences and Certificates

This information describes the general nature and level of work performed by employees in this job. The description is not designed to be a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this job. Reasonable accommodations may be made to qualified, disabled individuals for the performance of essential duties and responsibilities. Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

Pay Details : $70,000 - $90,000 This position is salary plus commission based. The base salary actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs. Team members earn commissions based on sales performance and / or achieving their goals. 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.

Nearest Major Market : New Jersey