Intact Insurance Specialty Solutions

Business Development Manager - International Bond & Marine - (Remote)

US-AnywhereRemote in Morristown, NJ
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent experience required
  • 7-10 years in the insurance industry or business development
  • Experience specifically in property or builders risk insurance preferred
  • Desirable experience with independent agencies/brokers in the insurance sector
  • CPCU designation preferred

Responsibilities

  • Maximize opportunities for new business and retention through relationships and product knowledge
  • Enhance territory profitability via effective agency/brokerage management
  • Conduct regular reviews to strengthen partnerships with underwriters and claims staff
  • Analyze broker needs and market trends to implement strategic initiatives
  • Communicate underwriting appetite and generate leads for underwriters
  • Develop a disciplined approach to data gathering and territorial profiling
  • Demonstrate expertise in underwriting guidelines and product knowledge

Benefits

  • Comprehensive medical, dental, and vision insurance with no waiting period
  • Competitive paid time off programs
  • 401(k) savings plan with up to 12% annual contributions
  • Mental health support programs and life insurance included
  • Paid parental leave and additional voluntary benefits
Full Job Description
The opportunity

We currently have an opportunity for a Business Development Manager to join our International Bond and Marine team based remote nationwide. The Business Development Manager is responsible for generating and developing new business within the property and builders risk lines of business. Some of the Business Development Manager responsibilities include but are not limited to:
  • Maximizes opportunities for profitable new business and retention by leveraging business relationships, product knowledge and underwriting acumen.
  • Maximizes profitability of territory through superior agency/brokerage management, development, and planning. Leads rigorous agency/brokerage review process, establishes strong business partnerships with Intact underwriters, claims and loss control staff. Strengthens the distribution system through agency/brokerage prospecting, activates new appointments and revitalizes existing agencies consistent with territorial strategy. Terminates agency/brokerage contracts when warranted.
  • Anticipates the needs of the broker, analyzes trends, and implements proactive strategies that best position Intact. Communicates the underwriting appetite and generates qualified business opportunities for underwriters. Develops a highly disciplined approach to gathering territorial data and a high quality territorial profile.
  • Demonstrates expertise of underwriting guidelines and maintains a broad knowledge of Intact's operations and products.

The expertise you bring
  • Bachelor's degree required or equivalent work experience
  • 7-10 years of experience in the insurance industry and/or business development with some of these years in the insurance industry
  • Preference for property or builders risk experience.
  • Independent agencies/ brokerage or business development within the Insurance industry experience desirable, CPCU preferred.

Our salary ranges are determined by many factors including location, role, experience and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires; however, your recruiter will provide more specific compensation details during the hiring process. The typical base salary range for this position is: $118,000 - $156,000, based on the factors aforementioned. For candidates located in San Francisco, CA; Washington DC; our Massachusetts based offices and the New York City metro area, the base salary range is $137,000 - $161,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include but not limited to:
  • Comprehensive medical, dental and vision insurance with no waiting period
  • Competitive paid time off programs
  • 401(k) savings and annual contributions of up to 12% of annual salary
  • Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits

This position will remain posted until a final candidate is selected. Once the role is filled, this job posting will be removed.

About Intact Insurance Specialty Solutions

Intact Insurance Specialty Solutions is a specialty insurance company that provides a range of property and casualty insurance products to commercial customers in the United States. The company offers insurance solutions for various industries, including construction, energy, environmental, marine, and transportation. Intact Insurance Specialty Solutions is a subsidiary of Intact Financial Corporation, a Canadian insurance company. The company was formerly known as OneBeacon Insurance Group, Ltd. and changed its name to Intact Insurance Specialty Solutions in 2018.
Learn more about Intact Insurance Specialty Solutions
Size
500 employees
Industry

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