Territory Sales Manager

Central Mutual Insurance Company

$70K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in relevant field with 4 years of insurance experience or 6 years of relevant insurance experience in sales and Commercial Underwriting.
  • Valid driver's license.
  • Preferred experience working with PowerBI.
  • Preferred experience with Independent Insurance Agents.

Responsibilities

  • Create strategic marketing plans to identify opportunities and challenges in the territory.
  • Drive submission activity to meet premium budget targets.
  • Evaluate prospect agencies and recommend new appointments.
  • Build and maintain relationships with agents and internal teams.
  • Communicate premium and profit goals, monitor results, and coordinate action plans with agents.
  • Provide ongoing training to agency partners on new products and services.
  • Monitor insurance market trends affecting the territory.

Benefits

  • Comprehensive health and wellness benefits to promote work-life balance.
  • Support for employees' financial, health, career, and retirement objectives.
Full Job Description
Location: Baltimore, MD

Work Model: Remote

Position type: Full time - salary

As a Territory Sales Manager, you'll focus on developing and managing your assigned territory, building and maintaining strong agency relationships, and meeting established premium and project objectives.

Key Responsibilities of the Role
  • Creating strategic marketing plans for territory to identify opportunities and potential challenges from which strategies and tactics are developed, including:
    • Plans to produce the budgeted premium volume and policy count of profitable lines of business in your assigned territory
    • Using binding authority to support premium growth in profitable classes of business
    • Conduct thorough evaluation of all prospect agencies and make recommendations for new appointments
  • Sales pipeline development
    • Drive submission activity in desired classes and verticals to meet premium budget targets
    • Utilize PowerBI Submission and Comparative Rater data to understand results and drive agency quote behaviors
    • Identifying growth, consolidation, and agency incentive opportunities
  • Accountable for building and maintaining effective relationships with Agents, Regional Underwriting and Claims teams, and Home Office departments
  • Communicate premium/submission/profit goals to agents, monitor results, and coordinate action plans for key agency partners
  • Provide ongoing training to agency plant on new programs, products, services, and systems
  • Monitor and understand the general insurance market and trends that may impact the territory agency plant

Required Qualifications
  • Bachelor's degree in relevant field with 4 years of insurance experience- experience in sales and Commercial Underwriting with a Property & Casualty Company.
  • Or 6 years of relevant insurance experience- experience in sales and Commercial Underwriting with a Property & Casualty Company.
  • Valid driver's license

Preferred Qualifications
  • Experience working with PowerBI
  • Experience working with Independent Insurance Agents preferred

Knowledge, Skills, and Abilities
  • Possesses analytical and problem-solving skills
  • Possesses verbal and written communication skills, including negotiation, presentation, and influence skills
  • Possesses multi-tasking and prioritization skills
  • Ability to understand Central Insurance's policies and processes
  • Excellent organizational ability with demonstrated mastery of planning
  • Commitment to successfully achieve desired goals
  • Must be available for travel, including overnight travel
  • Self-starter who works independently with minimal supervision

Total Rewards

Central establishes base pay based on several factors including labor market data and an evaluation of candidate qualifications relative to role requirements. Base pay is one component of a comprehensive total rewards package designed to support employees' financial, health, career, and retirement objectives. Central provides extensive health and wellness benefits to promote flexibility, work-life balance, and long-term financial security. For more information, see Central Insurance Benefits

Work Authorization
Central will only employ those who are legally authorized to work in the United States. This is not a position for which sponsorship will be provided. Individuals with temporary visas such as E, F-1(including those with OPT or CPT) , H-1, H-2, L-1, B, J or TN, or who need sponsorship for work authorization now or in the future, are not eligible for hire.

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