Vice President, Technology and Life Sciences Chief Underwriting Officer (Remote/Hybrid)

The Hanover Insurance Group

4.6

(63)

United States (Remote)

Why you should apply for a job to The Hanover Insurance Group:

  • 4.6/5 in overall job satisfaction
  • 4.6/5 in supportive management
  • 90% say women are treated fairly and equally to men
  • 94% would recommend this company to other women
  • 92% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • Paid time off for family support.
  • Adoption assistance benefit.
  • Annual hands-on volunteer opportunities to give back to the community.
  • #25907

    Position summary

    as needed. Location of position is flexible. Our teams have presence across the country.**

    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 encourage all qualified Technology & Life Sciences professionals to apply.

    Come Discover The Hanover Difference.

    POSITION OVERVIEW :

    The Technology and Life Sciences CUO drives underwriting excellence by ensuring performance meets profit and growth objectives. This role works closely with the Life Sciences Practice Leader, Technology and Life Sciences Directors, Regional Technology Directors (RTDs) and Field underwriting staff to drive underwriting and portfolio quality, sales and operations excellence, talent development, strategy development and execution. The CUO is accountable for evaluating and expanding The Hanover's capabilities as a provider of technology coverages, including the alignment and enhancement of underwriting risk appetite, multi-year product strategic agenda, guidelines, policies, and processes needed to further growth objectives.

    IN THIS ROLE YOU WILL :

    • Develops and implements long and short term underwriting strategies and participates in strategic business planning activities that are designed to increase our presence in the market and effectively achieve profit and growth objectives for assigned region(s).

    • Participates in the establishment of underwriting and product implementation strategies that are reflective of marketplace conditions, while at the same time, meet our growth and profit goals.

    • Collaborates with and provides oversight to the technology underwriting staff on portfolio management and strategic underwriting decisions to ensure production, financial and underwriting objectives with respect to profitability are achieved. Drives and communicates sound underwriting strategies and standards through the organization.

    • Interacts with commercial lines underwriting staff including the Regional Vice Presidents, Commercial Lines Managers and Underwriters on their respective books of business, including acting as a referral and collaboration resource.

    • Monitors and takes appropriate underwriting actions in conjunction with underwriting staff.

    • Develops and maintains relationships with Operations, Risk Solutions, Premium Audit and Claims to operationalize underwriting decisions.

    • Assists in developing Technology underwriting best practices.

    • Manages implementation of, and ongoing adherence to, technology underwriting standards, procedures, and processes.

    • Collaborates with our Product and Actuarial teams on product builds and enhancements.

    • Updates underwriting guidelines and monitors production and rate levels.

    • Proactively responds to regulatory and legal environment.

    • Maintains keen understanding of industry competitors in each market segment. Identifies trends and emerging issues.

    • Participates in underwriting audits as well as internal quality review audits from a Home-Office perspective.

    • Collaborates with all relevant parties to acquire and develop talent required to execute effectively.

    • Assures compliance with corporate and regulatory requirements.

    • Manage 3 -4 directors.

    WHAT YOU NEED TO APPLY :

    • 10+ years proven property-casualty underwriting experience, with broad underwriting experience across classes of business and lines of business in technology underwriting environment

    • Clearly demonstrates specific knowledge requirements in the areas of underwriting, book management, marketing, and product development

    • Solid understanding of technology (and life sciences is also preferred) commercial lines products, financials, underwriting and service requirements, and overall goals and objectives.

    • Ability to collaborate with and influence, particularly with senior level field leadership, as this role will be working with branches and regions throughout the country.

    • Ability to effectively coach RTDs and technology 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 verbal and written communications, including impeccable follow through.

    • Passion for driving actions and achieving results, with a competitive spirit of winning and an orientation towards achievement.

    • Advanced business acumen, analytical thinking, underwriting acumen and sales management skills, ability to Influence and effective interpersonal communication.

    • Bachelor's degree required.

    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 **.
    **

    Other details

    • Job Family Underwriter
    • Job Function Underwriting
    • Pay Type Salary
    • Travel Required Yes
    • Required Education Bachelor's Degree

    Why you should apply for a job to The Hanover Insurance Group:

  • 4.6/5 in overall job satisfaction
  • 4.6/5 in supportive management
  • 90% say women are treated fairly and equally to men
  • 94% would recommend this company to other women
  • 92% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • Paid time off for family support.
  • Adoption assistance benefit.
  • Annual hands-on volunteer opportunities to give back to the community.