Executive Underwriter - Personal Lines
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POST DATE 9/12/2016
END DATE 10/18/2016
JOB DESCRIPTIONExecutive Underwriter - Personal LinesJob ID #:
Worcester, MAFunctional Area:
22001 - Personal Lines OperationsPosition Type:
Full - Time Education Required:
Bachelors DegreeExperience Required:
5 - 7 Years Relocation Provided:
Job DescriptionWhere Great People Build Successful Careers.The Hanover Insurance Group is seeking an Executive Personal Lines Underwriter who specializes in High Net Worth Clientele to join our growing team, preferably in our Worcester, MA headquarters or our office in Howell, MI.This can be a remote opportunity for the right individual!Recognized as one of America's Best Employers by Forbes and as one of the Best Places to Work in Insurance by Business Insurance, The Hanover is proud to be among the top property and casualty insurers in the United States. The Hanover offers a collaborative environment where you'll gain new experiences and grow your career. The Hanover offers comprehensive benefits to help you stay healthy, build financial security, and maintain work/life balance. At The Hanover, you'll enjoy what you do and have the support you need to succeed.Join our winning culture and help us advance our journey to be the best company in our business.Position summary:
Personal Lines Underwriters are responsible for underwriting risks (selection/rejection of new and renewal business) and managing a profitable portfolio within their stated authority and guidelines. Usually works with minimal supervision, conferring with management on unusual matters.The Underwriters also provide underwriting support and direction to agencies to improve their growth and profit objectives for new and in-force personal lines insurance business. Emphasis is placed on agency/underwriting relationships in support of corporate goals.Responsibilities/Essential Functions :
- Analyzes and evaluates new submissions and renewal accounts to determine acceptability of the risk- Reviews, interprets and processes data from various sources, including applications, forms and loss history- Able to articulate and practice principles of risk management within specific limits of authority including knowledge of exposure/hazard identification and control- Clearly communicates appetite, underwriting standards, declination reasons and coverage advantages to Agents and internal partners to ensure profitability and generate a flow of quality new business submissions and retention.- Cultivates strong business relationships (internal and external) by proactively communicating and conveying ownership and commitment- Anticipates and meets the needs of customers and readily adjusts priorities to respond to pressing and changing client requirements- Researches and responds to policy questions- Gathers information and stays informed of laws and regulations- May require additional training and/or advance insurance education to further expand underwriting knowledge and expertise.- Traveling in support of agency visits/Industry functionsKey Measures of Success (should align with goals):
Required to meet or exceed established individual, team and company metrics including:
- Service Level- Agreements- Productivity- Underwriting Quality- Successful product audit results- Contribution to profitability (underwriting decisions are made within assigned authority level and properly documented)Position RequirementsRequired Skills & Experience:
- Bachelor's degree preferred- 5+ years of High-Value Underwriting expertise is a must- Excellent written and verbal communication- Experience with all Personal Lines of business:
Auto, Home, Dwelling Fire, Boat, Umbrella- Strong relationship building and interpersonal skills, with the ability to work in a team environment- Ability to work in a fast paced environment- Analytical, problem solving and negotiation skills- Willingness to train and educate internal and external partners- Ability and willingness to travelBenefits to joining The Hanover's team:
- Competitive pay and benefits, including medical, dental, life and disability insurance, generous time off with pay and adoption assistance- Retirement/401(k) program, including 100 percent company match up to first six percent of pay- Employee Stock Purchase Plan (ESPP) with 10 percent discount on company stock- Wellness programs, including non-smoker discount, weight loss programs and one-on-one counseling- Employee development/education assistance and professional/industry designation programs and reimbursementThe Hanover Insurance Group, Inc. (NYSE:
THG), based in Worcester, Mass., is the holding company for a group of insurers that includes The Hanover Insurance Company, also based in Worcester, Citizens Insurance Company of America, headquartered in Howell, Michigan, Chaucer Holdings PLC, based in London and their affiliates.The Hanover offers a wide range of property and casualty products and services to businesses, individuals, and families through a select group of independent agents across the U.S., and has been meeting its obligations to its agent partners and their customers for over 160 years. The company maintains excellent ratings from A.M. Best, Standard & Poor's and Moody's.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.'The Hanover Insurance Group does not accept unsolicited Agency resumes. The Hanover Insurance Group will not pay fees to any third party agency or firm that does not have a signed 'Employment Agency Agreement' already on file with Human Resources - The Office of Talent Management. .