What are the responsibilities and job description for the Senior Insurance Development Executive position at Colonial Surety Company?
Job description:
About Colonial Surety Company
Founded in 1930 and rated "A" (Excellent) by AM Best, Colonial Surety Company is a leading national direct seller and writer of surety bonds, fidelity bonds, and business insurance products, licensed and admitted in all U.S. states and territories. We combine nearly a century of industry expertise with proprietary technology, including our I-Bond® and I-Insurance® platforms, to make obtaining bonds and insurance simple, direct, and instant for businesses and professionals nationwide. Through The Partnership Account®, we also equip partners — including insurance agents, attorneys, contractors, associations, and pension professionals — with powerful digital tools that streamline bonding and insurance placement.
We are seeking an experienced insurance sales professional motivated by compensation and achieving corporate objectives. This role offers a genuine growth opportunity within the company, working across business and distribution channels with a focus on vertical initiatives, program business, existing client relationships, and target markets.
Position Overview
The Senior Insurance Development Executive will assume a growth-focused role within the organization, with responsibility for driving revenue, managing program initiatives, and supporting both existing and new business development efforts.
This is an in office-based position in Woodcliff Lake, NJ, that requires travel to meet with clients, attend conventions, and participate in industry seminars.
Our schedule is Monday through Friday from 8:30 AM to 5:30 PM. Our personnel policy requires all employees to maintain a professional appearance and adhere to the company's business attire and grooming standards, including our clean-shaven policy.
Key Responsibilities
- Manage corporate program initiatives across business and distribution teams
- Execute vertical market strategies
- Drive new business development in targeted markets, associations, MGAs, and large commercial insurance agencies
- Collaborate with internal sales staff and marketing teams
- Support and expand existing programs and initiatives
- Attend client meetings, industry conventions, and seminars
Qualifications
- Minimum 10 years of experience working for a medium-sized insurance agency, MGAs, aggregator or program administration
- Proven track record in commercial insurance sales to small and mid-sized businesses
- Insurance Program Market knowledge
- Strong product knowledge of:
- Professional Liability
- General Liability
- Business Owner’s Policy (BOP)
- EPLI
- Cyber Liability
- Directors & Officers (D&O)
- Fiduciary Liability
- Bachelor’s degree in Finance, Business, Marketing, or related field preferred
- Strong computer skills including MS Office, Google Business Suite and CRM familiarity
Personality Profile
- Excellent interpersonal and collaborative skills
- Entrepreneurial mindset
- Strong communication skills
- Self-starter with strong organizational, planning, and time management skills
- Intuitive, common-sense decision-making abilities
- Motivated by exceeding targets tied to compensation plans
- Hunter mentality
Compensation
- Base Salary: $150,000
- Additional Bonus Structure
A cover letter is required when applying for this position
Salary : $150,000