Assistant Vice President Underwriting Specialty (Remote)

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, ESG initiatives and IDE journey.

Our Hanover Specialty Alternative Markets team is currently seeking a strategic, collaborative and dynamic Assistant Vice President Underwriting Specialty.   The Hanover is a diverse and inclusive organization focused on hiring the best talent and we encourage all qualified professionals to apply.  We believe that an inclusive, diverse, and equitable workplace make us a better organization and creates a stronger community. 

**We also understand that life and the workplace have changed and support flexible work arrangements.  This role may be hybrid or fully remote, but candidate must be based on the East Coast or the Mid-Atlantic Region to allow for periodic in person collaboration and face to face sales calls.

This is a full-time exempt role.**

POSITION OVERVIEW:

This role resides within the Alternative Markets Group in specialty and manages our Hanover Specialty Insurance Brokers group. This role manages all sales and underwriting functions within HSIB including our internal and external brokerage transactions. Drives team performance regarding underwriting management, achievement of new business targets and ensuring consistent use and optimization of best practices and tools. Responsible for managing, coaching and mentoring account managers in their internal and external relationships, resolving escalations, and product knowledge. Collaborates with Operations may oversee and manage renewal process guidelines and workflows to include proper utilization of tools and reports for efficient renewal book management (e.g. renewal lists, timely premium bookings, proper closing of lost accounts, etc.). Responsible for assessing the present and future resource needs for employees and provide the leadership, mentoring and guidance necessary to build and sustain a high performing workforce.

IN THIS ROLE, YOU WILL:

• Develops and implements strategies based on near- and long-term priorities, current trends and underwriting results.
• Identifies enhanced sell and cross-sell opportunities to create growth within other lines of business and customer segments.
• Collaborates with both Specialty distribution and local branch partners
• Partners with leadership to help develop and drive the regional business strategy.
• Oversee the operational and technical work of the team.
• Manages internal and external carrier relationships
• Assist in developing strategic financial plans adjusting as needed in response to changing performance indicators. Understands the financial relationships, dependencies, trends, risks and potential returns.
• Ability to create and drive business plan that yields profitable results.
• Keeps current on state/territory issues, regulations and trends and appropriately shares information to drive state results.
• Drives profit improvement process and appropriate rate while balancing with retention. Ensures teams utilization of tools and resources to achieve profit goals.

Leadership & Coaching:

• Creates a high-performance culture through effective communication and quality goal setting, differentiation of compensation and performance, proactive management of low performers and retention of top performers.
• Drives proactive development and advancement of key talent.
• Recruit and retain top talent, while maintaining an active talent pipeline within and outside the company.
• Manage the underwriting teams to achieve business objectives.
• Coaching and mentoring the team, providing business direction, driving underwriting actions towards our business objectives, training and development of employees.
• Collaborates with Operations to execute best practices, including optimizing productivity and managing service and quality with agents.
• Effectively manage expenses in line with near and long-range business priorities.

Technical Underwriting:

• Knowledge in the non-admitted P&C marketplace and licensed E&S broker in all 50 states.
• Able to decipher complex accounts and apply sound underwriting principles to translate business rationale to team and or colleagues.
• Evaluate and identify technical training needs and opportunities to enhance capabilities of team. May conduct formal/informal training sessions. Ongoing coaching of team members on application of expertise to improve results.

WHAT YOU NEED TO APPLY: 

Required Skills, Key Competencies and Experience:

• Bachelor’s degree required; professional designations preferred
• P &C - minimum of 7+ years of experience with Specialty accounts and driving agency relationships resulting in profitable new and renewal business.
• Pro Lines - Juris Doctor preferred; 7-10+ years combined experience in claims management and complex commercial litigation.
• 3+ years demonstrated success directly managing or leading others.

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 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: [email protected] 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**.
**Apply Now