What are the responsibilities and job description for the Specialty - Executive Underwriter Surety position at The Hanover Insurance Group?
Our Surety team is currently seeking an Executive Underwriter in our Worcester, MA or Windsor CT location. This is a full time, exempt role.
POSITION OVERVIEW:
This role operates as the most experienced underwriter position and depending upon the business function may focus on production goals or supporting territories in driving underwriting excellence. Typically holds highest level of underwriting authority and works closely with leadership to drive underwriting and portfolio quality, sales and operations excellence, talent development, strategy development and execution.
IN THIS ROLE, YOU WILL:
Underwrite new business, renewal business, and endorsement referrals
Achieve financial targets for overall growth and profitability.
Drives execution of plans to achieve results
Collaborates with and provides oversight to the junior underwriting staff on portfolio management and strategic underwriting decisions to ensure production, financial and underwriting objectives with respect to profitability are achieved.
Assures compliance with corporate and regulatory requirements and ensures the integrity of underwriting discipline by identifying underwriting issues
Develop new business opportunities with new and existing agents. Build strong partnerships and promote the Hanover franchise
Provides input and may assist in broader strategy formulation with primary focus on execution of strategies.
Identify and drive enhanced business opportunities and create growth within other lines of business and customer segments.
Utilize our value proposition to enhance agency economics, partner conversion and product specialization in partnership with local management.
Prioritizes and drives effective relationship management and producer activities to build trust, facilitate negotiation, and secure commitment in order to improve yield and retention ratios.
WHAT YOU NEED TO APPLY:
Bachelor’s degree required, professional designations preferred
10 years’ proven LOB underwriting experience, with broad underwriting experience across numerous classes of business.
Strong proficiency with specific knowledge requirements in the areas of underwriting, book management, marketing and product development
Ability to effectively coach Underwriters and balance multiple priorities in a dynamic and very fast-paced environment
Excellent communication skills are essential; effective face-to-face interactions and presentations to groups, as well as strong phone skills, along with sound written communications, including impeccable follow through
Demonstrated ability to effectively collaborate and influence across multiple levels of the organization within senior and field management and underwriters.
High degree of business, insurance and marketplace knowledge
This job posting provides cursory examples of some of the job duties associated with this position. The examples provided are not complete, and the position may entail other essential and job-related functions and responsibilities that employees will be required to perform.