What are the responsibilities and job description for the Insurance Marketing Manager position at The Provident Bank of New Jersey?
POSITION SUMMARY
The Marketing Manager works with the Marketing Team in providing Insurance Portfolios for the Producers and Clients. The Marketing Manager assists with trouble shooting on existing renewal accounts and works with the Account Managers on hard to place renewals.
Responsibilities
Works with Producers and Account Managers discussing coverages required, rating, available markets and data needed to place new accounts.- Establish and recommend coverage’s on new business submissions. Evaluate game plan with Producer how to win the account.
- Negotiates coverages and pricing with Carriers.
- Works with Producers once the quotations are received and compares the different Carriers’ products.
- Determines with Producers and Account Managers the best placement and terms for renewing accounts. Does actual placement and negotiation on top 20% of agency ac-counts, in addition to new business accounts.
- Marketing Manager is involved with difficult/unusual renewal agency accounts.
- Follow-up with Carriers so that new quotes are delivered on a timely basis.
- Prepare a presentation-ready proposal. This includes forms to be signed/applications/supplements and a sign-off Request To Bind form by the Insured to protect the Agency from E&O exposures.
- Advises Commercial Lines team and Marketing team of any changes in the industry. Keeping both teams informed of carrier product updates and special programs that become available.
- Keeps the agency up to date with coverage changes.
- Acts as main agency liaison with Carriers keeping strong relationships between the Agency and Companies.
- Tracks new business and hit ratios.
- Negotiate overrides with Wholesalers.
- Marketing Manager must be mindful in hitting Company goals to receive contingency with our direct writing carriers. Reviews reserves, large losses and placement activity throughout the policy year to maximize profit-sharing and commission.
SUPERVISORY RESPONSIBILITIES
Managing the Marketing Placement team
SKILLS AND TRAINING
- Excellent written and oral communication skills.
- Strong computer skills and proficiency with Microsoft Office.
- Ability to adhere to deadlines and multi-task in a fast-paced environment.
- Knowledge of AMS360 is a plus.
- Proficient in Microsoft Office Suite.
EDUCATION
- College Degree preferred
WORKING CONDITIONS
Work is performed in a normal office environment. Noise levels are usually moderate.
HAZARDS
The hazards are mainly those present in a normal office setting.
This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.
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.
