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The Hanover Insurance Group
Worcester, MA | Full Time
$182k-239k (estimate)
1 Week Ago
Director of Underwriting, Commercial Property
$182k-239k (estimate)
Full Time | Insurance 1 Week Ago
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The Hanover Insurance Group is Hiring a Director of Underwriting, Commercial Property Near Worcester, MA

Our Corporate Underwriting department is seeking a Director Level applicant to join our Commercial Property Underwriting Team. Position Summary: The Director, Commercial Property Underwriting, supports underwriting excellence and product development excellence for commercial property across the enterprise. The position reports to VP, Commercial Property Underwriting, and will be responsible for the development and execution of property line of business initiatives that support profitable retention and growth for both the Core and Specialty segments in addition to adherence to underwriting guidelines established by this team. Responsibilities/Essential Functions: Develop and maintain commercial property underwriting guidelines that align with business strategies, support profitable underwriting, and protect the organization. Work with business partners on communication and training of new and updated underwriting guidelines. Identify underwriting improvement opportunities and create and deliver targeted training to improve underwriting execution and profitability of the property line. Support the development, maintenance and enhancement of underwriting tools and vendor applications (e.g. - ISO/Verisk, CoreLogic, etc.). Monitor the performance of the commercial property line and recommend portfolio management and pricing initiatives. Participate in state rate review meetings and influence rate filings, pricing targets, mix management (geography / industry) and appetite. Provide underwriting insights that support superior product innovation, development and maintenance. Scan the environment for emerging issues that could impact the performance of the property line and make recommendations on potential responses from both an offensive and defensive perspective. In partnership with Corporate Risk, support the effective monitoring and management of aggregations for catastrophe perils including all windstorm, earthquake, flood, terrorism and wildfire. Monitor property loss frequency and severity and review large losses to identify lessons learned and provide appropriate guidance to the field. Partner with all the business units that write property to help support or develop individual initiatives. Position Requirements: 10 years of experience in an underwriting role with strong property underwriting and pricing acumen. Strong leadership, collaboration, negotiation and influencing skills. Solid analytical and critical thinking skills with the ability to effectively assimilate information and develop insights that drive underwriting strategy. Ability to identify and evaluate issues/problems and drive pro-active solutions. Self-motivated and independent and can effectively prioritize and deliver quality work in a timely fashion. Ability to communicate effectively at all levels of the organization. Bachelor’s degree or higher. CPCU and other designations desirable but not required.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Insurance

SALARY

$182k-239k (estimate)

POST DATE

04/25/2024

EXPIRATION DATE

04/24/2024

WEBSITE

hanover.com

HEADQUARTERS

WORCESTER, MA

SIZE

3,000 - 7,500

FOUNDED

1852

CEO

FREDERICK EPPINGER

REVENUE

$3B - $5B

INDUSTRY

Insurance

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