Territory Sales Manager

Central Mutual Insurance Company

• $108K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of sales experience in Commercial Underwriting or relevant degree with underwriting experience
  • Proven experience interacting with Independent Insurance Agents
  • Strong understanding of Property & Casualty insurance products
  • Ability to craft strategic marketing plans
  • Proficiency in data analysis tools like PowerBI

Responsibilities

  • Develop marketing strategies for the assigned territory
  • Utilize binding authority to drive premium growth
  • Evaluate and recommend prospect agencies for appointments
  • Increase submission activity to meet premium targets
  • Foster relationships with agents and internal teams
  • Monitor and report on premium and profit goals with agency partners
  • Provide training on new insurance programs and market trends

Benefits

  • Comprehensive health and wellness benefits
  • Generous paid leave for work-life balance
  • Support for career development and advancement
  • Financial security through retirement plan participation
  • Flexibility in work arrangements
Full Job Description


About the Role

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.

What we are looking for
  • Experience in sales and Commercial Underwriting with a Property & Casualty Company or a related degree and commercial lines underwriting experience
  • Experience working with Independent Insurance Agents


What you'll do
  • Create strategic marketing plans for your 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
    • Conducting 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


Hiring Range

$108,000-$150,000 represents typical starting salaries and is a portion of the full pay range for the role.

Starting pay is determined based on several factors, including relevant experience, education, skills, and certifications. The full pay range is broader and is designed to provide employees with meaningful opportunities for salary growth as they develop their skills, increase proficiency, and advance in the role.

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, generous paid leave, 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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