What are the responsibilities and job description for the Account Manager - Commercial Surety Bond position at Travelers Insurance?
Who Are We?
Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Compensation Overview
The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.
Salary Range
51,100.00 - $84,400.00
Target Openings
What Is the Opportunity?
Perform standard duties utilizing developed procedures on assignments of moderate complexity. Follows standard policies to complete work. Works within moderate limits to process applications. Possesses procedural knowledge and skills that enable task accomplishment.
What Will You Do?
May include all or the majority but not limited to these components)
ML-Management Liability, O-Operations, S-Surety
- Pre-quote and post-bind u / w activities, by account (ML, O) :
- Bills, assembles and distributes Bond products according to procedural guidelines.
- Books and issues (O).
- Understands policy documents :
- Solicitation requirements (O).
- Pre-populates Workbook with easily-available financial and other data (O, ML).
- Pull prospect lists for underwriting teams from the Vault.
- Scrub and distribute new business leads from Middle Market to the underwriting teams (ML).
- Assist in the Polaris training of new underwriters (ML).
- New business processing including extended time and / or warranty (S).
- Set up renewal solicitation for each underwriting team including storage of proof of notice in the EFC (ML).
- Pull credit, Guidestar, Westlaw and ERISA reports.
- Closeout of bonds with extended time and / or warranty provisions (S).
- New business and closeout with deviated commission scales (S).
- Complete management of Final Contract Price report process including pulling the reports, compiling the final price information, sending to the agent and managing the process through final closeout and processing of over / under run premiums (S).
- New business processing involving joint ventures (S).
- New business processing involving co-sureties (S).
- May assist in audits, set up of QAP forms (ML); QAP action plans (O).
- Processes cancellations.
- Process Mid-Term changes, surety riders (S).
- Follow-up on non-pays (S).
- Review delinquency pay and follow up with agency. Monitor and review all past-due obligations (60 and 90 day) (ML).
- Other duties as assigned.
What Will Our Ideal Candidate Have?
What is a Must Have?
What Is in It for You?
Employment Practices
Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http : / / careers.travelers.com / life-at-travelers / benefits / .
Salary : $51,100 - $84,400
