Salem Five Bank · 17 hours ago
Sr. Commercial Lines Account Manager
Woburn, MA
Full-time
Onsite
Mid, Senior Level
$80K/yr - $100K/yr
5+ years expSalem Five Bank is a growing regional financial services organization with over 160 years of history. They are seeking a Senior Commercial Lines Account Manager to service and manage existing insurance clients while contributing to agency growth and ensuring compliance with industry regulations.
BankingFinanceFinancial ServicesMortgage
Responsibilities
Contributes to agency growth by upgrading, rounding and maintaining existing business that is consistent with the agency’s standards for acceptable business
Services an assigned book of existing Salem Five Insurance Services LLC (SF Insurance Services) customers by addressing all of their insurance and risk management needs
Provides above average quality service and assistance to all new and existing clients
Follow standardized departmental procedures to include but not limited to, all renewals, on-going service and new business submissions
Identifies markets that will assist the unit in new business placements
Places insurance contracts with insurance carriers
Work with producers on new business Include marketing, quoting and proposal preparation. Offer suggestions including coverage, limits and other risk management related topics
Reviews all insurance policies for accuracy. After billing has been completed by department administrative assistant communicate with client regarding renewal changes via written cover letter
Maintains a high sensitivity level for error ratio and omissions regarding account service
Demonstrates compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position
Attend weekly department meetings prepared to review and discuss new business, lost business, renewals deemed at risk, quotes in progress and any issues relevant to insurance carriers or clients
Regular attendance is essential to this position
Assumes additional responsibilities as requested
Qualification
Required
Bachelors' Degree or a minimum of five years related experience and/or training; or equivalent combination of education and experience
Must have experience with Word, Excel, and various rating programs required
Ability to use an advanced agency management system a must
Property & Causality license required
Valid Driver's License
Preferred
CPCU and CIC preferred
Bond knowledge an asset
Benefits
Health Insurance
Dental
Vision
Flexible Spending Account
Health Savings Account
401k Matching
Tuition Reimbursement
Employee Referral Program
Summer Family Outing
Annual Holiday Reception and more
Company
Salem Five Bank
Salem Five is a financial services company with deep roots in Massachusetts - proudly serving individuals, families, and businesses since 1855.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Brian Shaughnessy
Chief Financial Officer
Diane G. Smith, PHR
Sr. Vice President, Sr. Strategic Business Partner
Recent News
2025-11-20
Business Insider South Africa
2023-03-31
Company data provided by crunchbase