The Hanover Insurance Group, Inc

Executive Underwriter PL

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

Qualifications

  • Bachelor's degree required
  • 5+ years of Personal Lines high value underwriting or high value sales experience
  • Professional designations (CPCU, CIC, CPRIA) preferred
  • Strong communication and collaboration skills
  • Ability to thrive in fast-paced environments

Responsibilities

  • Utilize front line underwriting authority to manage complex accounts responsibly
  • Anticipate and clarify audience needs during communications
  • Make informed decisions by evaluating risks and using current data
  • Adapt quickly to a dynamic work environment and shifting priorities
  • Collaborate with multiple internal teams to align with company objectives
  • Manage an assigned portfolio while meeting quality and profitability targets
  • Build strong agent relationships through consistent communication and travel

Benefits

  • Comprehensive health, dental, and vision insurance
  • 401K with company match
  • Tuition reimbursement support
  • Generous paid time off and holidays
  • Flexible work arrangements available
  • Cultural Awareness Day in support of inclusion and diversity initiatives
Full Job Description
Our Personal Lines division is seeking a highly skilled and experienced Executive Underwriter to join our team. This role is open to remote. This is a full time, exempt role. POSITION OVERVIEW: This role is crucial in helping our agents find tailored solutions, focusing on High Value accounts and customers with complex insurance needs. This position encompasses all lines of business for these clients. IN THIS ROLE YOU WILL: • Work within the highest level of authority for front line underwriters, using it responsibly showing financial discipline and alignment with the overall goals of the organization. • Anticipates audience needs when communicating, actively seeks to understand when there is a lack of clarity, and can clearly articulate and express points of view and perspectives both verbally and in writing. • Judgment and Decision Making: Able to apply logic to decisions, identifying and evaluating risks and implications. Uses current data and information to inform recommended decisions and actions. • Agility and Adaptability: Ability to work in a fast-paced, highly dynamic environment. Able to shift focus and manage new and changing situations. • Teamwork and Collaboration: Seeks opportunities to share information and offer ideas that will allow others to benefit or succeed. Shows respect for differences and diversity in ideas and views. • Collaborate with State Management, Product, Operations, Actuarial, and Underwriting Strategy teams to execute company initiatives and goals. • Portfolio Management: Manage an assigned book of business by adhering to your individual underwriting authority, service level requirements, underwriting quality expectations, new business and retention goals, and maintaining a profitable book that is aligned with division goals. • Complex Underwriting: Handle complex and escalated underwriting matters, leveraging expertise to create solutions that meet customer needs. • Responsiveness: Responds to agent inquiries within required service levels. This includes, but is not limited to, new business submissions, phone calls and emails. expected to respond quickly to peers and junior underwriters • Agent Relationships: Build and maintain strong relationships with agents, providing counsel and guidance on the High Value segment and completing necessary agency travel to nurture relationships. • Prospecting: Partnering with agents to actively prospect, solicit, and underwrite new High Value accounts to achieve profitable growth aligned with company objectives, state and territory goals. • Market Monitoring: Monitor market trends to inform underwriting decisions and strategies. • Market Knowledge: Continuously develop knowledge of the insurance market. • Leadership and Mentoring: Lead high-priority presentations and trainings, and mentor junior underwriters, providing guidance on complex cases. • Referral Handling: Handle referrals from underwriters with lower authority. • Claims and Legal Interaction: Interact with claims and legal teams regarding large losses and participate in claims and legal roundtables. • Territory Performance and Growth: Manages and grows assigned territory to achieve profitable results through new business development and disciplined underwriting practices. • Prioritization and Desk Management:Takes personal ownership for the management of workload and output amongst assigned agents.Applies understanding of business workflows and processes to determine focus and urgency needed. • Negotiation: Effectively negotiates with agents on exceptions and recommends mitigation efforts to make the requested exception more palatable or in line with our underwriting strategy. WHAT YOU NEED TO APPLY: • Educational Background: Bachelor's degree. • Minimum of 5 years of PL high value underwriting or high value sales experience • CPCU, CIC, CPRIA or related insurance designations preferred • Ability to work in a fast-paced or stressful environment • Strong team collaboration skills and strong communication skills • Travel: 25%-35% agency travel required (both in-person and virtual). 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

Similar Jobs

More Jobs at The Hanover Insurance Group, Inc

More Finance & Insurance Jobs

Find similar Executive Underwriter PL jobs: