Jeweler's Block Executive Underwriter

The Hanover Insurance Group • NY

76d

About The Position

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 Marine team is seeking a Jeweler’s Block Underwriter to join the team in any location in the US. This is a full time, exempt role. This is a remote or hybrid opportunity. This role operates as the most experienced Jeweler's Block underwriting position and will focus on production goals & 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.

Requirements

• Bachelor’s degree or equivalent experience required, professional designations preferred.
• 10+ years of proven Marine/Jeweler’s Block underwriting experience.
• Strong proficiency in the Marine/Jeweler’s Block 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 as needed.

Responsibilities

• Underwrite new business, renewal business, and endorsement referrals.
• Achieve financial targets for overall growth and profitability. Drive 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 ensure 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.
• 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, facilitate negotiation, and secure commitment to improve yield and retention ratios.
• Independently implement territory business plans, monitor performance, adjust plan to ensure a substantial pipeline for future profitable growth.
• Actively engage with distribution and field leadership to develop business opportunities.
• 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.
• Manage portfolio for assigned territory with guidance from Leader.
• Provide input to and feedback on Portfolio, Distribution and Infrastructure strategy.
• Analyze industry financial performance and proactively manage 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, identify trends and emerging issues.
• Closely monitor underwriting results for assigned regions and recommend actions to improve profitability.
• 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 involved in complex underwriting referrals that fall outside of other UW team members.
• Assist in development and delivery of training.
• Develop and maintain relationships with Operations, Loss Control, and Claims to operationalize underwriting decisions.

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)

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees