The Hanover Insurance Group, Inc

Contract Surety - Senior Underwriting Specialist Surety (Hybrid/Remote)

Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree or relevant work experience
  • AFSB Designation preferred
  • 5-10 years of Contract Surety underwriting experience
  • 5+ years driving profitable agency relationships
  • Strong understanding of underwriting concepts and practices
  • Excellent communication skills for technical discussions
  • Ability to adapt quickly, analyze problems, and innovate.

Responsibilities

  • Identify and underwrite new Contract Surety accounts for profitable growth
  • Manage relationships with key agency partners
  • Coordinate and conduct agency, broker, and account meetings
  • Utilize data to make informed risk decisions
  • Engage with internal and external resources on complex risks
  • Align activities with region and business unit goals

Benefits

  • Medical, dental, vision, life, and disability insurance
  • 401K with company match
  • Tuition reimbursement
  • Paid time off (PTO)
  • Company-paid holidays
  • Flexible work arrangements
  • Cultural Awareness Day for IDE support
  • On-site wellness center (Worcester only)
Full Job Description
Our Surety department is seeking an experienced Contract Surety Senior Underwriting Specialist to join our growing team in the South Region. This role is ideal for a proven surety professional with required Contract Surety underwriting experience, strong financial and risk analysis capabilities, and a demonstrated ability to build, strengthen, and manage agency and broker relationships. Leveraging deep underwriting expertise and market knowledge, you will drive profitable growth, manage complex surety accounts, and serve as a trusted advisor to agents, brokers, and clients across the territory.

This is a full-time/exempt role.

POSITION OVERVIEW: The Hanover offers an inclusive and collaborative environment where you'll gain new experiences and grow your career. We offer comprehensive benefits to help you stay healthy, build financial security, and balance your work and home life. At The Hanover, you'll enjoy what you do and have the support you need to succeed.

The Contract Surety, Senior Underwriting Specialist will operate with limited supervision in both underwriting and marketing capacities. Work within one's general expertise and authority levels to manage an existing portfolio of accounts and partner with key agencies to develop new business opportunities. Manage assigned book of business, generally with moderate to high technical complexity and scope. Contribute to region and business unit goals.

IN THIS ROLE YOU WILL:
  • Responsible for efficiently identifying, soliciting, and underwriting new Contract Surety accounts that drive profitable growth and managing relationships with key partners in the agency plant.
  • Proficiently manage agency, broker and account meetings and general workflow.
  • Demonstrates a thorough understanding of Hanover's Surety strategies and appetite and will use internal and external data to make appropriate individual and portfolio risk decisions.
  • Efficiently coordinate with internal and external resources on moderately complex risks.


WHAT YOU NEED TO APPLY:
  • Bachelor's Degree or equivalent work experience.
  • AFSB Designation Preferred.
  • Generally, 5-10 years Contract Surety underwriting experience.
  • 5+ years' experience driving agency relationships resulting in profitable new business as well as complex accounts.
  • Command of fundamental underwriting concepts, practices, and procedures.
  • Very strong communication skills including the ability to communicate difficult or technical decisions or comments with confidence and precision.
  • Demonstrates ability to adapt quickly to change, identify, analyze, and solve problems and willingness to being open to new and different ways of thinking.


CAREER DEVELOPMENT:

It's not just a job, it's a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you - at every level - to grow and develop.

BENEFITS:

We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you'll enjoy what you do and have the support you need to succeed.

Benefits include:
  • Medical, dental, vision, life, and disability insurance
  • 401K with a company match
  • Tuition reimbursement
  • PTO
  • Company paid holidays
  • Flexible work arrangements
  • Cultural Awareness Day in support of IDE
  • On-site medical/wellness center (Worcester only)
  • Click here for the full list of Benefits

Compensation:

The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.

About The Hanover Insurance Group, Inc

The Hanover Insurance Group, Inc. is an insurance company that provides a wide range of property and casualty insurance products and services to businesses, individuals, and families in the United States. The company offers a variety of insurance products, including personal lines, commercial lines, and specialty insurance. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.
Learn more about The Hanover Insurance Group, Inc
Size
4,400 employees
Market Cap
$4.8 billion
Industry
Net Income
$358.7 million
Founded
1852
5 Year Trend
+4.6%
Revenue
$4.8 billion
NASDAQ

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