Commercial Surety - Underwriting Specialist Surety (Remote/Hybrid)

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, Sustainability initiatives and inclusive corporate culture. The role is based in the Midwest, with a preference for candidates located in Illinois, Wisconsin, Indiana, or Michigan. We offer flexible work arrangements, including hybrid and fully remote options within those states, along with travel throughout the Midwest to support agency relationships, drive market development, and participate in key business meetings.

POSITION OVERVIEW

The Commercial Surety Department is seeking an experienced Underwriting Specialist to join the Central Region team. This role is responsible for the profitable underwriting growth, and management of a commercial surety portfolio through strong technical expertise, agency relationships, and strategic business development.

IN THIS ROLE

Independently manage and grow an assigned book of commercial surety business with moderate to high technical complexity. Identify, solicit, underwrite, and retain profitable new and renewal surety accounts aligned with underwriting appetite and portfolio objectives. Develop and maintain strong agency, broker, and client relationships to support business growth and retention. Analyze financial statements, operational exposures, bond obligations, and risk mitigation factors to make sound underwriting decisions. Coordinate with internal and external stakeholders to evaluate complex submissions and obtain appropriate approvals. Apply underwriting principles related to risk selection, exposure analysis, bond form review, loss analysis, and pricing. Clearly communicate underwriting decisions, terms, and recommendations to agents and brokers. Manage portfolio performance against premium, profitability, retention, product mix, and new business objectives. Utilize marketplace and competitor intelligence to enhance decision-making and strengthen producer relationships. Proactively market Hanover’s surety capabilities and identify opportunities for cross-selling across business units. Stay current on industry trends, market conditions, and regulatory developments affecting the territory.

WHAT YOU NEED TO APPLY

Bachelor’s degree or equivalent professional experience. AFSB designation preferred. 2‑5+ years of Commercial Surety underwriting experience. 2–4+ years of successful agency relationship management and business development experience. Strong understanding of commercial surety underwriting principles, financial analysis, pricing, and portfolio management. Demonstrated ability to evaluate and negotiate complex surety risks. Excellent written and verbal communication skills, including the ability to confidently deliver technical underwriting decisions. Strong analytical, problem‑solving, negotiation, and relationship‑management capabilities. Ability to adapt quickly to changing business conditions and embrace new approaches and ideas.

BENEFITS

Medical, dental, vision, life, and disability insurance 401(k) with a company match Tuition reimbursement Paid time off (PTO) Company paid holidays Flexible work arrangements Cultural Awareness Day in support of IDE On‑site medical/wellness center (Worcester only)

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 View email address on click.appcast.io and include the link of the job posting in which you are interested.

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. #J-18808-Ljbffr The Hanover Insurance Group