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Vice President, Small CL Renewal Underwriting
Location:
Worcester, MA
Description:
Vice President, Small CL Renewal Underwriting Worcester, MA, USA * Virtual Req #17974 Monday, July 1, 2024 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 Small Commercial lines team is currently seeking a Vice President of Renewal Underwriting to join their growing team. This role is open to a hybrid arrangement to a field office or fully remote. This is a full time, exempt role. POSITION OVERVIEW: Reporting to the CUO (Chief Underwriting Officer) of Small Commercial, the Small Commercial Leader will have overall responsibility to direct execution of our Underwriting business strategy. They will play a lead role in helping set the strategy and direction of the Small Commercial book of business and collaborating with the Small Commercial leadership team. They will be well-versed in the business operations of the Centers, including understanding 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 Corporate Underwriting leaders to establish priorities, respond to market challenges, and bring consistency between new and renewal operations. IN THIS ROLE, YOU WILL: Analyze industry and market trends to maximize profitability and identify unique exposures that will achieve overall company goals. Have direct management oversight over SC Underwriting teams. 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 leadership on appetite, pricing, and new business processes. 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. Hire, develop, and retain best in class UTs, UWs and UW leaders. Build an underwriting culture of continuous improvement to achieve underwriting goals. Monitor the environment to ensure solutions stay current and segments are meeting profit and growth objectives. Adjust, as necessary. 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. 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, New Business Leader, Marketing/Sales Leader, head of Operations, and Consolidation Leader. Travel regularly to our key states and participate in home office and regional meetings as needed. WHAT YOU NEED TO APPLY: Education - Bachelors degree required, CPCU and/or MBA preferred 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 product 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 demonstrate exceptional functional knowledge of product offerings, technologies, distribution channels and service strategies, as appropriate. Successfully apply this knowledge and experience to understand and resolve issues within own business and/or across the enterprise. Shows an elevated 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 results. Strong understanding of industry growth and profit levers. 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 to balance effective service with costs aligning 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). This job posting provides cursory examples of some of the job duties associated with this position. The examples provided are not complete, and the position may entail other essential and job-related functions and responsibilities that employees will be required to perform. 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: XXXX@hanover.com 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 .Requisition #: 293556ahf9io63
Company:
The Hanover Insurance Group
Posted:
July 2 on InsuranceJobs
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More About this Listing: Vice President, Small CL Renewal Underwriting
Vice President, Small CL Renewal Underwriting is a Executive VP Job at The Hanover Insurance Group located in Worcester MA. Find other listings like Vice President, Small CL Renewal Underwriting by searching Oodle for Executive VP Jobs.
Vice President, Small CL Renewal Underwriting is a Executive VP Job at The Hanover Insurance Group located in Worcester MA. Find other listings like Vice President, Small CL Renewal Underwriting by searching Oodle for Executive VP Jobs.