Nationwide · 4 hours ago
Territory Manager, Business Development - Contract Surety (National Bond Center)
Columbus, OH
Full-time, Contract
Onsite
Mid, Senior Level
$108K/yr - $201K/yr
7+ years expNationwide is a Fortune 100 company focused on helping people protect what matters most to them. The Territory Manager will be the primary relationship manager for complex surety business, responsible for underwriting, managing a surety book, and driving profit through strategic sales processes and collaboration with agencies.
BankingFinancial ServicesInsuranceLife Insurance
Responsibilities
Monitors market conditions, competitive landscape, and confirms information gathered within market space. Researches risk, environment and factors necessary to win the account
Analyzes quality and quantity of risks underwritten and prepares reports accordingly. Accurately evaluates complex risk exposures and ensures review of financial statements, credit reports, bank and other underwriting documents. Underwrites new business, selects acceptable risks to class and price according to guidelines, and rejects business that is unacceptable. Analyzes regional underwriting performance experience, identifies problems on a territory level and proposes action plans to address/rectify those situations
Achieves production, profitability and service objectives. Within delegated authority levels and company guidelines, accepts, rejects or modifies new surety business of a more complex nature to ensure profitability. Prices business according to company underwriting and pricing guidelines. Decisions require review of multiple variables, leveraging agency relationships, underwriting tools and evaluation of exceptions. Reviews for acceptability and handles those within authority using company underwriting guidelines and standards
Manages workflow and intricacies of underwriting more complex assigned work, utilizing company tools and systems to meet service level agreements. Ensures file handling quality and workflow efficiency with a thorough understanding of overall surety strategic direction and operating plans. Manages large, complex work and coordinates work with and through others to meet service level agreements
Drives robust agency business planning to deliver detailed performance plans with actions, accountabilities and scheduled performance checkpoints. Ensures strong territorial objectives to maximize profit and pipeline management. Proactively identifies opportunities for all lines to cross sell and refers to appropriate business leaders. Identifies prospects and recommends new agency appointments
Markets company’s products and services to help drive agency and company results, including all enterprise products that may enhance offerings. Assists agency with strategies for pipeline management and to develop new business in targeted industries and preferred markets. Responds effectively to assess accounts and develop business propositions that win the business
Proactively with agents, accounts and internal partners to resolve business issues and makes recommendations based on findings. Shares understanding of organizational capabilities and opportunities to drive maximum value of relationships. Consults regarding the appetite, acceptability, terms, conditions, pricing and sales techniques of large or unique business. Provides industry trend observations to leadership. Consults with agencies to improve retention and profitability
Effectively communicates with agencies to establish the company as the surety provider of choice for the territory. Communicates product, technology changes and company objectives. Communicates and collaborates actively with leadership to share industry trends and field underwriting experience
Completes agency visits as appropriate to develop new accounts, service existing accounts, review agency performance and enhance agency relationship. Develops and maintains strong business relationships with agencies, producers and key groups
Leads delivery of appropriate customer service levels. Follows up and ensures proper handling of escalated customer service requests
Ensures that tools, training and support are in place to positively impact success for assigned agencies. Identifies and communicates training needs and opportunities. Participates in program and product orientation meetings in conjunction with Sales/Marketing partners as the underwriting subject matter expert. Provides professional development knowledge and insight to team members. May help mentor new field underwriters and provide coaching
Proven ability to manage heavy workload effectively and backup other team members as needed. Monitors business plan results to determine performance and development of any action plans to ensure alignment with underwriting philosophies, standards and performance expectations. Reviews business in process, lost business and drives implementation of business plan
Qualification
Required
Undergraduate degree in business or a related field preferred
Pursuit of technical insurance coursework such as AFSB is highly desirable
Seven years of progressively responsible surety underwriting experience preferred
Thorough knowledge of surety value proposition and ability to communicate to producers and principals
Working knowledge of state laws and regulations required
Expert level of knowledge of surety underwriting and is familiar with surety forms and the requirements of the territory
Thorough working knowledge of company marketing/underwriting standards and philosophies
Excellent knowledge of surety products and programs in order to teach aspects of material to others
In-depth working knowledge of effective sales & marketing and agency relationship management techniques
Excellent interpersonal and sales skills
Ability to build and maintain cooperative and mutually rewarding internal and external partnerships
Must have the ability to perform duties with independent judgment with underwriting authority and company underwriting standards
Demonstrated decision-making ability required in day-to-day operations where there may be unclear or competing priorities, including evaluating and recommending solutions to customer service, work processing, underwriting selection and rating and best practices compliance
Strong drive for results
Valid driver's license and safe driving record are required
Preferred
Experience in markets consistent with our underwriting appetite and product portfolio preferred
Based in Northern Ohio or Western Pennsylvania. Also willing to consider VA, MD, NJ, CT, or MA
Benefits
Medical/dental/vision
Life insurance
Short and long term disability coverage
Paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date
Nine paid holidays
8 hours of Lifetime paid time off
8 hours of Unity Day paid time off
401(k) with company match
Company-paid pension plan
Business casual attire
Company
Nationwide
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Jim Grafmeyer
VP, Chief Enterprise Architect
Tony Fenton
Vice President Commercial Lines Underwriting & Product - Commercial, E&S and Specialty
Recent News
2025-11-24
2025-10-20
2025-09-27
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