Job description

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.

This is a great opportunity for a recent or soon to be College Graduate!

Our E&S Underwriting department is seeking an Underwriter Trainee/Underwriter to join either our New England or Metro team. For New England those located in proximity to Windsor, CT, or Worcester, MA., and for Metro those located in NY, NJ or PA are preferred however, all qualified applicants regardless of location will be considered.

The Hanover is reimagining the workplace and provides flexible work arrangements to meet your work & life demands. This role may be hybrid or 100% remote, however preferred applicants should be based near a Hanover office for periodic in-person meetings.

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.

Check out The Hanover and Discover the Possibilities!

Position Overview/Summary: Trainee and entry level position for Specialty Underwriting career path. You will obtain fundamental knowledge and skills to launch a career in Property & Casualty or Professional Lines underwriting. With successful achievement of learning and development objectives, earns Underwriting Letter of Authority and begins operating with high degree of coaching and supervision, and guidance. May begin to handle small accounts if appropriate.

IN THIS ROLE, YOU WILL:

• Build understanding of the Hanover structure and Specialty strategies
• Develop understanding of how own role fits into the overall business, internally and externally
• Gain exposure to and basic proper utilization of underwriting systems
• Demonstrate ability to apply sensible judgment within daily responsibilities (e.g. evaluating risks, need for added input or support, general decision making)
• Successfully demonstrate readiness to assume new or renewal UW review

Technical Underwriting

• Begin to build knowledge of the New Business (NB) workflow including systems, processes, tools and guidelines
• Develop basic understanding and the purpose of coverages provide by, and features of the business line and can interpret policy provisions
• Gain exposure to and basic utilization of underwriting systems
• Understands and begins to apply the Hanover approach to underwriting assessment
• Independently handles less complex new and renewal accounts within defined authority levels. Makes recommendations on risk selection, coverage, pricing and managing of sales proposals with oversight
• Demonstrates an understanding of the significance of the Claims loss ratio for the pricing of a risk
• Starts to develop an understanding of why different rates are applied to different types of risks and the factors that can affect the premium rate for an individual risk

Portfolio Management and Financial Acumen

• Demonstrates an awareness of the data that indicates how an underwriting portfolio is performing
• Familiarization with implications of building, maintaining, and analyzing an underwriting portfolio and agency portfolio with regards to profitability and diversity in coverage
• Begins to develop ability to analyze underwriting and financial data and interpret the data “story”

Sales Management

• Understands the partnership strategy and sales process
• Understands pipelining concepts and Hanover practices and guidelines
• Can articulate why this process is critical to Specialty underwriting success. Begins to develop a basic pipeline
• Understands the Hanover Value Proposition and is able to articulate it to others (internally or externally)
• Knows the importance of positive customer experiences in developing good relationships.

WHAT YOU NEED TO APPLY:

• Bachelor’s Degree or equivalent experience
• Robust Internship and leadership experience (insurance related internship preferred)
• Generally, 0-3 years of underwriting, or equivalent insurance services, experience
• Demonstrates ability to adapt quickly to change, identify, analyze, and solve problems and willingness to being open to new and different ways of thinking
• Basic understanding of insurance policies and coverage language.
• Ability to effectively interact and communicate with all levels of external and/or internal business partners within scope of responsibility, team and/or matrix environment.

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: HRServices@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.

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