Vice President of Small Commercial Lines Underwriting
Company: The Hanover Insurance Group
Posted on: April 5, 2021
Vice President of Small Commercial Lines Underwriting Tuesday,
March 23, 2021 Our Small Commercial Lines department is seeking a
Vice President of Underwriting to join our growing team. We are
open on thelocation for the position.
Reporting to the Deputy President of Small Commercial, the SC New
Business Leader will have overall responsibility to direct
execution of our new business strategy. They will play a lead role
in helping set the strategy and direction of the Small Commercial
new business book and centers collaborating with the rest of Small
Commercial leadership team. They will be well-versed in the
business operations of the Centers, including understanding of any
unique workflows and exposures. They will monitor trends,
performance and the competitive landscape to maximize profitable
growth, considering appetite, mix, and pricing. They will work
closely with Renewal, Field and Corporate Underwriting leaders to
establish priorities, respond to market challenges, and bring
consistency between new and renewal operations.
This is a Full-time, Exempt role.
- Small Commercial New Business strategy. Analyze industry and
market trends to maximize profitability and identify unique
exposures that will achieve overall company goals.
- Underwriting Resources - In conjunction with Operations
leadership, develop, implement and maintain workflows and tools for
underwriters to ensure consistent workflows that address segment
needs and company appetite and methodology.
- Drive consistent strategic messaging to align underwriters and
Field leadership on appetite, pricing and new business
- Program Implementation - Work with Operations and other
internal partners on the team to implement the product/service
solutions, underwriting guidance, service delivery, marketing
materials, and training materials.
- Talent Development - Hire, develop, and retain best in class
UTs, UWs and UW leaders. Build an underwriting culture of
continuous improvement to achieve underwriting goals.
- Monitoring - Monitor environment to assure portfolio solutions
stay current and segments are meeting profit and growth objectives.
Make adjustments as necessary.
- Vendor/Partner Management - Work with vendors/external partners
to implement product/service solutions for industry segments as
needed. Recommend improvements in usage or functionality, lead
implementation of changes to vendors' products and processes,
monitor usage and costs.
- Field Resource - act as contact for RVPs, REs, and RPs
regarding questions and guidance on segment issues (underwriting,
financial performance, products, agency management, etc.).
- Be an active part of Small Commercial leadership team working
closely with CUO, Finance VP, Renewal Leader, Marketing/Sales
Leader, head of Operations, and Consolidation Leader.
- Travel expectations - Travel regularly to our new business
centers and participate in home office and regional meetings on a
consistent basis. Requirements
- Technical Expertise - 10+ years of experience. Knows and
demonstrates the ability to apply property and casualty
underwriting concepts, practices and procedures, including
knowledge of exposure/hazard identification and control. Displays
knowledge of pricing practices and applications. For multiple lines
of business, able to articulate and practice principles of good
underwriting, within specific limits and authority. Demonstrates
good understanding of regional goals. Stays current with industry
information, market trends and emerging loss exposures. Strong
products liability background a plus.
- Leadership - Proven ability to lead projects and/or teams and
effectively influence resources outside of direct control and
manage in a matrixed environment . Demonstrates characteristics of
an effective leader.
- Product and Service Knowledge - Consistently demonstrates
exceptional functional knowledge of product offerings,
technologies, distribution channels and service strategies, as
appropriate. Successfully applies this knowledge and experience to
understand and resolve issues within own business and/or across the
enterprise. Shows a high level of competitive intelligence and
easily articulates this insight
- Business Acumen - Demonstrates clear understanding of the
economics of our business (i.e., how we make money), and
appropriately balances multiple business objectives to achieve
optimal result. Strong understanding of industry growth and profit
- Strategic Partnering - Creates collaborative, productive
partnerships with key stakeholders such as management, agents,
Underwriting, Actuarial, Operations, Marketing, Claims, Loss
Control, vendors and other key functions to establish strategies
that will achieve overall company goals.
- Analytical Thinking - Applies analytical techniques, e.g.,
separating a complex whole into its parts or elements to resolve
problems or issues.
- Operational Excellence - Well developed ability to effectively
establish, communicate, and assess the current and future
business/service requirements in order to balance effective service
with costs that align to budget expectations. Clear focus on world
class quality, productivity, and delivery of P & C services
designed to meet and exceed customer expectations.
- Project/Program Management - Understands the principles,
theories, practices, and techniques involved in planning, managing,
and implementing projects and programs.
- Effective Communication Skills (oral and written). EEO
-- "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. If you require a
reasonable accommodation, as a candidate for employment, please
inform The Hanover Talent Acquisition office.--
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 .--
Keywords: The Hanover Insurance Group, Roseville , Vice President of Small Commercial Lines Underwriting, Executive , Roseville, California
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