Job title: Commercial Lines Department Manager
Job type: Permanent
Emp type: Full-time
Industry: Insurance
Functional Expertise: Account Manager Department Manager Operations Supervisor Territory Manager
Location: Ocean City, NJ
Job published: 10/25/2024
Job ID: 123207

Job Description

Commercial Lines Manager - Independent Agency - Salary - Up to $100k - Ocean City, NJ 

Our client, is a Growing Independent Insurance Agency who is seeking a Commercial Lines Manager to lead their Commercial Insurance Division for their offices throughout South Jersey.  They are a family run agency for almost a century. They are a local agency with a broad reach, who has superior service, and are strong believers in a work life balance and continuing education. 

Experience Information:

Required: P&C (Property and Casualty)

Responsibilities:

  • Lead and manage a team of commercial insurance agents, underwriters, and support staff.
  • Set performance goals, provide coaching, and conduct performance evaluations.

Business Development:

  • Develop and execute strategies to acquire new commercial insurance clients.
  • Foster relationships with existing clients to retain and expand the business.

Product Management:

  • Oversee the selection and pricing of commercial insurance products.
  • Evaluate and recommend new insurance products and coverages based on market trends and client needs.

Risk Assessment:

  • Analyze and assess the risk exposure of commercial clients.
  • Work closely with underwriters to determine appropriate coverage and pricing.

Compliance and Regulations:

  • Ensure that the team adheres to all relevant industry regulations and compliance standards.
  • Stay updated on changes in insurance laws and regulations.

Customer Service:

  • Provide exceptional customer service by addressing client inquiries, concerns, and claims.
  • Resolve complex issues and escalations.

Financial Management:

  • Develop and manage budgets for the commercial lines department.
  • Monitor financial performance and make adjustments as needed to meet revenue targets.

Market Analysis:

  • Conduct market research and analysis to identify emerging trends and opportunities.
  • Stay informed about competitors and market conditions.

Reporting:

  • Prepare regular reports on departmental performance, including key performance indicators (KPIs) and financial metrics.
  • Present findings and recommendations to senior management.

Training and Development:

  • Provide training and development opportunities for team members to enhance their knowledge and skills.
  • Foster a culture of continuous learning within the department

 

Qualifications:

  • Several years of experience in commercial insurance, including roles in underwriting or sales.
  • Strong leadership and team management skills.
  • Excellent knowledge of commercial insurance products and industry regulations.
  • Exceptional communication and interpersonal skills.
  • Proficiency in insurance software and Microsoft Office Suite.
  • Relevant insurance certifications (e.g., CIC, CPCU) may be preferred.

Compensation and Benefits Information:

  • Salary Range:  $100,000 commensurate with experience
  • Benefits Offered: Medical, Dental, and Vision
  • Up to 20 days of PTO  in year one

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