Underwriter

Miscellaneous Professional Liability Sr. UnderwriterFor 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, sustainability initiatives and inclusive corporate culture.Our Wholesale Professional Liability team is seeking a Miscellaneous Professional Liability Sr. Underwriter to join our growing team in the Midwest. This is a full-time, exempt role. This is a hybrid or remote opportunity. We encourage all professionals throughout the United States to apply.Position Overview: Responsible for identifying, soliciting, underwriting and selling new Miscellaneous Professional Liability accounts that drive profitable growth and align with industry segments, appetite and mix goals. Apply advanced technical, sales and analytical skills to provide insurance solutions that help Hanover's customers manage risk. Demonstrates a thorough understanding of Hanover's strategies and appetites and will use internal and external data to make appropriate individual and portfolio risk decisions. Operates within a broad Letter of Authority for all underwriting decisions and with limited direction while managing an assigned book of business, generally with high technical complexity and coordination.In This Role, You Will:Demonstrate thorough knowledge and understanding of business strategy (segments, general; coverage differentials; partner/non partner, etc.).Know and apply advanced underwriting concepts including risk selection, exposure and hazard identification and control, coverage implications, and loss analysis.Establish advance knowledge of pricing components and rating methodology and correlates pricing to exposure, financial and competitive analysis.Adhere to CAT guidelines and apply increased knowledge of CAT aggregation strategies to decision making.Identify types of coverages including gaps in coverages typically provided within given operations, can explain coverages and correlating exposures and controls to agents to complete our value-added proposition.Portfolio Management & Financial Acumen:Manage assigned portfolio to achieve gross written premium, profitability, rate, retention, industry and LOB mix, new business and portfolio management goals.Demonstrate ability to properly leverage competencies, act as a resource, and build long-term, profitable and mutually beneficial relationships with agencies, internal management, and external resources.Construct and execute portfolio business plans independently through organized workflow & desk management, which may include special projects.Review key metrics and uncover trends that may lead to new business opportunities within agents while achieving profitable growth.Drive the implementation of profit improvement initiatives with key agents by leveraging resourcesAdvocate and coordinate with Specialty departments to learn and share knowledge in cross sell opportunities to help manage portfolio/book of businessSales Management:Operate with a franchise perspective to identify and drive enhanced sell 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, facilitate negotiation, and secure commitment in order to improve yield and retention ratios. Through stewardship process engage at the customer level for the most complex and prominent accounts within their territory.Independently implement territory business plans, monitor performance, adjust plans to ensure a substantial pipeline for future profitable growth.Provide proper training and product knowledge transfer to existing and prospective agents so they can effectively sell Hanover as the go to market for their customers.Make sales presentations to agents and customers on a regular basis. Participates in more complex accounts.Uncover customer needs, position specific solutions, handle objections, and close deals.What You Need To Apply:Bachelor's Degree or equivalent experience.5+ years of underwriting experience, with a concentration in MPL strongly preferred.Wholesale experience needed.5+ years of experience driving agency relationships resulting in profitable new and renewal business.High level of proficiency across MPL underwriting core competencies. May specialize/certify in 1-2 specialty areas.Ability to travel as needed (30% of the time).Strong communication and collaboration skills.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 insurance401K with a company matchTuition reimbursementPTOCompany paid holidaysFlexible work arrangementsCultural Awareness Day in support of IDEOn-site medical/wellness center (Worcester only)Click here for the full list of BenefitsEEO 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: View email address on click.appcast.io 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.