Provident Bank
Overview
Bond Account Manager role at Provident Bank. Provident Protection Plus has served the businesses and residents of northern New Jersey, New York and Pennsylvania. Provident Protection Plus is 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 and risk management plans for clients across multiple industries. Producers earn residual income from renewals of programs you have generated, providing ongoing compensation beyond initial sales. 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 a new carrier when required. Gather client and surety obligation information to support submissions to surety underwriters. 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 referrals into the 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
Minimum 3 years of experience in account management within bond department in carrier or agency. Deadline- and detail-oriented. Extremely well organized. Familiarity with Windows-based software. Ability to build rapport with clients and underwriters. Licenses and Certifications
New Jersey Property & Casualty Producers License Pay Details
$70,000 - $90,000. This position is salary plus commission based. The base salary offered may vary based upon skills, experience, and other applicable factors. Team members earn commissions based on sales performance and/or achieving goals. Benefits
Paid time off (PTO) and holidays. Health and Wellness benefits including Medical, Dental and Vision Plans. Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. Disability Insurance, Employee Assistance Program, and Basic Life Insurance. Tuition Disbursement and Loan Repayment programs. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans. Seniority level
Mid-Senior level Employment type
Full-time Job function
Sales and Business Development Industries: Banking
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Bond Account Manager role at Provident Bank. Provident Protection Plus has served the businesses and residents of northern New Jersey, New York and Pennsylvania. Provident Protection Plus is 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 and risk management plans for clients across multiple industries. Producers earn residual income from renewals of programs you have generated, providing ongoing compensation beyond initial sales. 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 a new carrier when required. Gather client and surety obligation information to support submissions to surety underwriters. 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 referrals into the 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
Minimum 3 years of experience in account management within bond department in carrier or agency. Deadline- and detail-oriented. Extremely well organized. Familiarity with Windows-based software. Ability to build rapport with clients and underwriters. Licenses and Certifications
New Jersey Property & Casualty Producers License Pay Details
$70,000 - $90,000. This position is salary plus commission based. The base salary offered may vary based upon skills, experience, and other applicable factors. Team members earn commissions based on sales performance and/or achieving goals. Benefits
Paid time off (PTO) and holidays. Health and Wellness benefits including Medical, Dental and Vision Plans. Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. Disability Insurance, Employee Assistance Program, and Basic Life Insurance. Tuition Disbursement and Loan Repayment programs. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans. Seniority level
Mid-Senior level Employment type
Full-time Job function
Sales and Business Development Industries: Banking
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