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The Hanover Insurance Group

Small CL Portfolio Underwriter - New England

Waterbury, VT / Remote

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, ESG initiatives and IDE journey.

Our Small Commercial Underwriting department is seeking a Portfolio Underwriter to join the New England team.

This is a full time, exempt role.

POSITION OVERVIEW:

Small Commercial Underwriters are responsible for underwriting and retention on accounts for Commercial Lines business. During the course of executing on this responsibility, the Underwriter is expected to partner with Production Underwriters and Field (SCSMs and RVPs); investigate and promote franchise value opportunities including but not limited to cross sell and up sell for renewal accounts handled; engage in producer management of assigned agency plant as necessary and appropriate; and act as the owner of individual renewal portfolio (book and agency) profit and loss. The Underwriter should work closely with their UT partner to ensure all policies are underwritten in the most efficient and effective manner while meeting service standards and performance goals.

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IN THIS ROLE, YOU WILL:
  • Underwrite and manage CL renewal business handled by the Renewal Center for respective agency assignments responsible for individually underwriting and servicing the non-bypass accounts in their assigned portfolio, including adequately pricing the exposures to attain desired profit returns.
  • Be responsible for contributing to target Center profit and loss metrics for assigned portfolio.
  • Recommend pricing decisions in line with Retention and New Money objectives
  • Handle endorsements on Renewal Center book of business that fall outside of the endorsement authority letter of Rating or Renewal Center UTs.
  • Effectively deliver renewal quotes at appropriate threshold in a professional manner, including quote proposals, cross sells, up sells, and segment expertise awareness as appropriate.
  • Participate in agency reviews, agency planning and agency profiling.
WHAT YOU NEED TO APPLY:
  • Bachelor's degree preferred and 2+ years of underwriting experience
  • Strong underwriting skill and coverage knowledge; ability to make underwriting decisions on POS and CPP accounts up to $50,000 premium size
  • Entrepreneurial mindset to proactively assist underwriting teams
  • Thorough understanding of Agent partners, including agency personnel, agency business plan and results with The Hanover across the Franchise, Hanover's position with the agency, etc.
  • Ability to understand and execute to strategic priorities (Ex. mix targets, CAT strategy, pricing strategy, agent strategy, etc.)
  • Excellent time management skills, responsiveness and willingness to bring appropriate level of underwriting to those accounts needing a more thorough review; aligned with retention and distribution goals
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.

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
EEO statement:

The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.

Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law."

As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: HRServices@hanover.com and include the link of the job posting in which you are interested.

Privacy Policy:

To view our privacy policy and online privacy statement, click here .

Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here .

Other details
  • Pay Type Salary

Client-provided location(s): Vermont, USA; Rhode Island, USA; Worcester, MA, USA; New Hampshire, USA; Connecticut, USA
Job ID: hanover_insurance-16786
Employment Type: Other

This job is no longer available.

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