Job Description

Our Wholesale Healthcare team is seeking an Executive Underwriter to join our growing team. This is a full time, exempt role. This is a hybrid or remote opportunity. This role is open to any location in the United States.

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. Provides technical insight and guidance to local team and leaders on accounts and execution of the strategy within the territory.

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.
• Collaborate with and provide 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.
• Assure 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
• Provide input and may assist in broader strategy formulation with primary focus on execution of strategies.

Business Development:

• 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.
• Prioritize and drive effective relationship management and producer activities to build trust, facilitation negotiation, and secure commitment in order to improve yield and retention ratios.
• Engage at the customer level for the most complex and prominent accounts within their territory.
• Independently implement territory business plans, monitors performance, adjusts plan to ensure a substantial pipeline for future profitable growth.
• Actively engage with distribution and field leadership to develop business opportunities. Regularly liaise with BDM function.
• Coach field underwriters on top selling techniques specific to the industry space.
• Collect market intelligence (price, product, services); advocate for change as needed.
• Assist in the development of new product capabilities, emerging market opportunities, and identifying growth opportunities.

Portfolio Management:

• Manage portfolio for assigned territory with guidance from Leader.
• Provides input to and feedback on Portfolio, Distribution and Infrastructure strategy.
• Analyze industry financial performance and proactively manages the performance of portfolio, recommending corrective action as needed.|
• Gather critical local intelligence that will aid in the development product, service and appetite improvements.
• Proactively respond to regulatory and legal environment.
• Maintain keen understanding of industry competitors, Identifies trends and emerging issues.
• Closely monitor underwriting results for assigned regions and recommends actions to improve profitability.

Underwriting Development and Support:

• Assist managers and underwriters with the most challenging technical underwriting situations.
• Provide additional support to managers in the areas of portfolio management, underwriting quality, reinsurance referrals and business planning.
• Periodically be involved in complex underwriting referrals that fall outside of other UW team members.
• Assist in development and delivery of training.
• Develops and maintains relationships with Operations, Loss Control, and Claims to operationalize underwriting decisions.

What You Need to Apply:

• Bachelors degree required; professional designations preferred.
• 10+ years of Allied Healthcare 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.
• Ability to travel (by car or plane) as needed.

Career Development:

Its not just a job, its 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:

• 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.

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.

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