Director, Bond & Specialty Distribution

Company: Travelers Canada
Location: Hartford
Posted on: May 17, 2023

Job Description:

Director, Bond & Specialty Distribution page is loaded Director, Bond & Specialty Distribution Apply locations CT - Hartford time type Full time posted on Posted 5 Days Ago job requisition id R-27439 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. Job Category Operations, Sales, UnderwritingCompensation OverviewThe 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$116,800.00 - $192,700.00 Target Openings 1 What Is the Opportunity? Bond & Specialty Insurance (BSI) provides management liability, professional liability, and surety to businesses of all sizes. The Distribution Strategic Initiatives team is responsible for the long-term strategy and execution of our BSI distribution network. As a Director, you will be part of a collaborative team responsible for developing and implementing complex strategic initiatives involving agency compensation, distribution, and pipeline management. Achieving successful outcomes will require agency knowledge, forward thinking, and strong BSI and Enterprise-wide partnerships.What Will You Do?

• Lead BSI panel process including request for proposal, implementation, monitoring and reporting; collaborate with key constituents across Business Unit Partners, Product, Claim, Legal and Finance.
• Act as key liaison to keep enterprise partners informed of BSI panel activity and other key enterprise distribution management initiatives.
• Lead a cross functional team to review current agency compensation models and execute recommendation on changes to better incentivize production with distribution partners.
• Create and oversee the agency governance model to promote accurate deployment of agency data into production reporting tools.
• Drive aggregator production in conjunction with Enterprise relationship manager and BSI field management with oversight of key strategic initiatives identified and agreed upon by all parties.
• Oversee merger and acquisition activity of distribution channels and communicate changes to Bond and SI leadership accordingly.
• Perform other duties as assigned.What Will Our Ideal Candidate Have?
  • Bachelor's Degree.
  • 5+ years of experience in Surety and/or Management Liability.
  • Advanced knowledge with agency and broker distribution networks and related compensation strategies.
  • Excellent communication, consulting, and relationship building skills with the ability to present and translate complex information to leadership in relevant business terms.
  • Strong project management skills with the ability to work in a dynamic environment and handle multiple priorities simultaneously.
  • Strategic thinker with the ability to proactively bring industry best practices and external market trends to the table in a fast-paced and evolving environment.
  • Strong influencer with the ability to build consensus among a diverse group of enterprise-wide stakeholders.
  • Ability to seamlessly operate both at the strategic and operational levels.What is a Must Have?
    • 5+ years of underwriting or sales experience in the insurance industry.What Is in It for You?
      • Health Insurance: Employees and their eligible family members - including spouses, domestic partners, and children - are eligible for coverage from the first day of employment.
      • Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
      • Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
      • Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you're eligible for five free counseling sessions with a licensed therapist.
      • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice. Employment PracticesTravelers 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. -
        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/ . About Us
        • Travelers has 30,000 employees in the United States, Canada, the United Kingdom, Ireland and Brazil. > > Explore life at Travelers .
        • We have 8 diversity networks, employee-led organizations dedicated to fostering the development and success of our employees. > > Discover diversity and inclusion .
        • Employees and their eligible family members - including spouses, domestic partners and children - are eligible for coverage from the first day of employment. > > Explore benefits .
        • Travelers has been recognized by organizations such as Forbes, Human Rights Campaign Foundation, and Military Times. > > Read more about recognition .
        • Our employees are valuable assets to their hometowns, giving more than 100,000 hours of their time toward important causes each year. > > Learn about community involvement .
        • Imagine other opportunities here .

Keywords: Travelers Canada, Hartford , Director, Bond & Specialty Distribution, Executive , Hartford, Connecticut