Business Development Salary at Alter Surety Group Inc BETA

How much does an Alter Surety Group Inc Business Development make?

As of March 2025, the average annual salary for a Business Development at Alter Surety Group Inc is $66,966, which translates to approximately $32 per hour. Salaries for Business Development at Alter Surety Group Inc typically range from $59,340 to $74,649, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Alter Surety Group Inc Overview

Website:
altersurety.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Insurance

Alter Surety Group, Inc. is a well-recognized contract "surety only" agency devoted to the needs of Contractors of all trades and disciplines. Specializing in the Construction Industry, our contract surety expertise ranges from the smallest to the largest contractors. With our roots going back to 1991, we are a dedicated, customer driven agency with an enthusiastic desire to meet the distinctive goals of each of our clients. With our focus being strictly on surety, this ensures that we have the knowledge and are skilled in evaluating a contractors needs and establishing strategic solutions to accommodate their individual business objectives. In order to ensure that our clients are provided with the maximum available bonding capacity and efficient servicing, Alter Surety Group, Inc. is proud to represent the major surety companies doing business in this region - from small specialty markets to large standard market companies. It is our long standing relationships, with our large stable of markets, accompanied by our specialized experience that enables us to confidently say that"if a bond is doable, we will get it done! You can be sure that we have explored every program available for your needs. Our team is comprised of experienced surety producers and support personnel. The combined knowledge and understanding of the industry enables us to effectively and efficiently handle our clients' surety bond needs with an emphasis on service, integrity and professionalism. Our team has taken start-up and small companies to levels they never thought were imaginable. Our goal is to make the bonding process less of a chore and more about "building relationships. We start by matching the right contractor with the right surety. We solidify relationships and trust among the parties involved with the process. Then it is all about service, i.e. working within the demands and time constraints associated with the construction industry. In addition to building long term relationships with the surety company, we are well versed ...

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What Skills Does a person Need at Alter Surety Group Inc?

At Alter Surety Group Inc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Business Development: Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant. External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses. In addition, reputation building has also proven to help facilitate business development.
  2. Prospecting: Prospecting is the first stage of the geological analysis (second – exploration) of a territory. It is the physical search for minerals, fossils, precious metals or mineral specimens, and is also known as fossicking. Prospecting is a small-scale form of mineral exploration which is an organised, large scale effort undertaken by commercial mineral companies to find commercially viable ore deposits. Prospecting is physical labour, involving traversing (traditionally on foot or on horseback), panning, sifting and outcrop investigation, looking for signs of mineralisation. In some areas a prospector must also make claims, meaning they must erect posts with the appropriate placards on all four corners of a desired land they wish to prospect and register this claim before they may take samples. In other areas publicly held lands are open to prospecting without staking a mining claim.
  3. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  4. CRM: Customer relationship management (CRM) is a technology for managing all your company's relationships and interactions with customers and potential customers.
  5. Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.

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Check more jobs information at Alter Surety Group Inc

Job Title Average Alter Surety Group Inc Salary Hourly Rate
2 Manager, Client Relations $92,742 $45
3 Manager, Operations $93,180 $45
4 President $677,130 $326

Hourly Pay at Alter Surety Group Inc

The average hourly pay at Alter Surety Group Inc for a Business Development is $32 per hour. The location, department, and job description all have an impact on the typical compensation for Alter Surety Group Inc positions. The pay range and total remuneration for the job title are shown in the table below. Alter Surety Group Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $66,966 look to you?

FAQ about Salary and Jobs at Alter Surety Group Inc

1. How much does Alter Surety Group Inc pay per hour?
The average hourly pay is $32. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Alter Surety Group Inc?
According to the data, the highest approximate salary is about $74,649 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Alter Surety Group Inc?
According to the data, the lowest estimated salary is about $59,340 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.