Professional Liability Underwriting Specialist

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<p style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Verdana; font-size: medium;">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 </span><a href="https://www.hanover.com/why-hanover/about-our-company/our-mission-vision-and-values" target="_self"><span style="color: #0066ec; font-family: Verdana; font-size: medium;">CARE</span></a><span style="font-family: Verdana; font-size: medium;"> through our values, <a href="https://www.hanover.com/about-hanover/our-corporate-commitment/sustainability-priority-hanover" target="_self"><span style="color: #0066ec;">Sustainability</span></a> initiatives and <a href="https://www.hanover.com/about-hanover/our-corporate-commitment/inclusion-diversity-and-equity" target="_self"><span style="color: #0066ec;">inclusive corporate culture</span></a>.</span></p> <p style="margin-top: 0px; margin-bottom: 0px;"> </p><p style="margin: 0in 0in 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><strong><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Our Professional Liability Underwriting team is seeking an Underwriting Specialist who specializes in Architects & Engineers or Miscellaneous Professional Liability to join in our Windsor, CT or Itasca, IL area. This is a full time, exempt role. This is a remote or hybrid opportunity. *Qualified candidates outside of these locations will be considered and are encouraged to apply.*</span></strong></p> <p style="margin: 0in 0in 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><strong><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">POSITION OVERVIEW: </span></strong><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Responsible for identifying, soliciting, underwriting and selling new and renewal Professional Liability accounts that drive profitable growth and align with Professional Liability team goals. Apply technical, sales and analytical skills to provide insurance solutions that help Hanover’s customers manage risk. Demonstrates a thorough understanding of Hanover’s strategies and appetites and will use internal and external data to make appropriate individual and portfolio risk decisions. Operates with limited daily supervision, seeks technical direction for matters outside one’s authority and general expertise. Operates within a standard letter of authority for all underwriting decisions while managing a book of business, generally with moderate to high technical complexity and coordination. </span></p> <p style="margin: 0in 0in 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><strong><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">IN THIS ROLE, YOU WILL:</span></strong></p> <p style="margin: 0in 0in 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Technical Underwriting: </span></p> <ul style="margin-bottom: 0in; margin-top: 0px;"> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Know and apply underwriting concepts including risk selection, exposure and hazard identification and control, coverage implications, and loss analysis.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Use all appropriate underwriting tools, disciplines, and strategies to ensure underwriting guidelines are followed.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Understand pricing components and rating methodology and correlates pricing to exposures.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">When presented with minimal information on a risk, instinctively know the key questions to ask to ascertain the full scope of operations and the key exposures and needed controls.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Complete file documentation according to best practices guidelines and can clearly explain account decisions.</span></li> <li style="margin: 0in 0in 10pt 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Provide clear and concise rating instructions for quotes prior to generating proposal for presentation to the agent.</span></li> </ul> <p style="margin: 0in 0in 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Portfolio Management & Financial Acumen:</span></p> <ul style="margin-bottom: 0in; margin-top: 0px;"> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Manage assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business, and portfolio management goals, by use of proven pipeline and marketing practices.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Developing an understanding of various financial reporting information and insurance performance measures in the management of risk.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Demonstrate an understanding of the market factors that can affect pricing and how it correlates to individual’s book, agency’s book, the region, and countrywide.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Prepare or analyze information on underwriting decisions, rate, underwriting requirements, company appetite, status, and declinations to drive results within the assigned territory.</span></li> <li style="margin: 0in 0in 10pt 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Familiarize oneself with other Hanover departments for leveraging growth in areas of business where portfolio could be more balanced.</span></li> </ul> <p style="margin: 0in 0in 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Sales Management:</span></p> <ul style="margin-bottom: 0in; margin-top: 0px;"> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Can negotiate and close accounts aligned with business strategy. Ability to profile assigned agency plant and to strategically market our capabilities to agents.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Keeps current on state/territory issues, regulations, and trends.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Utilize market and competitor information to enhance relationships and individual account decision making.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Prioritize and develop effective relationship management and producer activities to build trust, facilitate negotiation, and secure commitment to improve yield and retention ratios.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Operate with a franchise perspective to identify additional sell opportunities to create growth within other LOB’s and customer segments.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Partner with other business units to deliver comprehensive insurance solutions.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Demonstrate in-depth knowledge of Hanover’s products and appetite while clearly communicating Hanover’s position at the point of sale.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Build and maintain rigorous sales practices using all systems, sales tools and disciplines outlined in the sales best practices.</span></li> <li style="margin: 0in 0in 10pt 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Make presentations to agents and customers. Utilize department and Specialty partners to augment sales process. Effectively utilize Claims and Loss Control to display service and/or technical expertise with present and future customers.</span></li> </ul> <p style="margin: 0in 0in 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><strong><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;"><br>WHAT YOU NEED TO APPLY:</span></strong><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;"> </span></p> <ul style="margin-bottom: 0in; margin-top: 0px;"> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Bachelor’s Degree or equivalent experience.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">3-5+ years of Professional Liability experience. A&E and/or MPL experience strongly preferred.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">3+ years of experience driving agency relationships resulting in profitable new and renewal business as well as complex accounts.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Demonstrates ability to adapt quickly to change, identify, analyze, and solve problems and willingness to being open to new and different ways of thinking.</span></li> <li style="margin: 0in 0in 0in 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Strong communication, prioritization, desk management, and decision making skills needed. </span></li> <li style="margin: 0in 0in 10pt 24px; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 12.0pt; line-height: 115%; font-family: Verdana, sans-serif;">Ability to travel as needed (~10%).</span></li> </ul><p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; white-space: normal;">CAREER DEVELOPMENT:</span></strong></span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt; white-space: normal;">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.</span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; white-space: normal;"> </span></span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; white-space: normal;">BENEFITS:</span></strong></span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">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.</span></span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;"> </span></span></p> <p style="background: white; line-height: normal; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Benefits include:</span></span></p> <ul style="margin-top: 0in;" type="disc"> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Medical, dental, vision, life, and disability insurance</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">401K with a company match</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Tuition reimbursement</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">PTO</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Company paid holidays</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Flexible work arrangements</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Cultural Awareness Day in support of IDE</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">On-site medical/wellness center (Worcester only)</span></span></li> <li style="background: white; line-height: normal; margin-bottom: 0in; font-family: verdana, geneva; font-size: 12pt;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">Click here for the full </span><span style="color: #0066ff; white-space: normal;"><a rel="noopener" href="https://www.hanover.com/careers/benefits" target="_blank"><span style="color: #0066ff; text-decoration-line: none; white-space: normal;">list of Benefits</span></a></span></span></li> </ul> <p style="background: white; line-height: 18pt; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><strong><span style="white-space: normal;">EEO statement:</span></strong></span></p> <p style="background: white; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="line-height: 115%; white-space: normal;">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.   <br><br>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.”  <br><br>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:</span><span style="line-height: 115%; white-space: normal;"><span style="color: #0066ff; line-height: 115%; white-space: normal;"><a rel="noopener" href="mailto:HRServices@hanover.com" target="_blank"><span style="color: #0066ff; text-decoration-line: none; white-space: normal;">HRServices@hanover.com</span></a></span><span style="line-height: 115%; white-space: normal;"> and include the link of the job posting in which you are interested.</span></span></span></p> <p style="background: white; line-height: 18pt; margin-bottom: 0px; margin-top: 0px;"><span style="color: #393839; font-family: verdana, geneva; font-size: 12pt; white-space: normal;"> </span></p> <p style="background: white; line-height: 18pt; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><strong><span style="white-space: normal;">Privacy Policy:</span></strong></span></p> <p style="background: white; line-height: 18pt; margin-bottom: 0px; margin-top: 0px;"><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="white-space: normal;">To view our privacy policy and online privacy statement, click </span><span style="color: #0066ff; white-space: normal;"><a rel="noopener" href="https://www.hanover.com/privacy-policy.html" target="_blank"><span style="color: #0066ff; text-decoration-line: none; white-space: normal;">here</span></a></span><span style="white-space: normal;">.  </span></span></p> <p><br><span style="font-family: verdana, geneva; font-size: 12pt;"><span style="line-height: 115%; white-space: normal;"><strong>Applicants who are California residents:</strong> To see the types of information we may collect from applicants and employees and how we use it, please </span><span style="color: #0066ff; line-height: 115%; white-space: normal;"><a rel="noopener" href="https://www.hanover.com/_ASSETS/pdf/CCPA-Notice-to-Personnel.pdf" target="_blank"><span style="color: #0066ff; text-decoration-line: none; white-space: normal;">click here</span></a></span><strong><span style="line-height: 115%; white-space: normal;">.<br></span></strong></span></p> <p style="margin: 0in; font-size: 11pt; font-family: Aptos, sans-serif;"><strong><span style="font-size: 12.0pt; font-family: Verdana, sans-serif;">Compensation:</span></strong></p> <p style="margin: 0in; font-size: 11pt; font-family: Aptos, sans-serif;"><span style="font-size: 12.0pt; font-family: Verdana, sans-serif;">The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.</span></p>

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Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

This is what this question poses: When do you focus and start working seriously? What are the hours you work optimally? Are you a night owl? A morning bird? Remote teams can be made up of people working on different shifts and around the world, so you won't necessarily be stuck in the 9-5 schedule if it's not for you...

2. HOW DO YOU USE THE DIFFERENT COMMUNICATION TOOLS IN DIFFERENT SITUATIONS?

When you're working on a remote team, there's no way to chat in the hallway between meetings or catch up on the latest project during an office carpool. Therefore, virtual communication will be absolutely essential to get your work done...

3. WHAT IS "WORKING REMOTE" REALLY FOR YOU?

Many people want to work remotely because of the flexibility it allows. You can work anywhere and at any time of the day...

4. WHAT DO YOU NEED IN YOUR PHYSICAL WORKSPACE TO SUCCEED IN YOUR WORK?

With this question, companies are looking to see what equipment they may need to provide you with and to verify how aware you are of what remote working could mean for you physically and logistically...

5. HOW DO YOU PROCESS INFORMATION?

Several years ago, I was working in a team to plan a big event. My supervisor made us all work as a team before the big day. One of our activities has been to find out how each of us processes information...

6. HOW DO YOU MANAGE THE CALENDAR AND THE PROGRAM? WHICH APPLICATIONS / SYSTEM DO YOU USE?

Or you may receive even more specific questions, such as: What's on your calendar? Do you plan blocks of time to do certain types of work? Do you have an open calendar that everyone can see?...

7. HOW DO YOU ORGANIZE FILES, LINKS, AND TABS ON YOUR COMPUTER?

Just like your schedule, how you track files and other information is very important. After all, everything is digital!...

8. HOW TO PRIORITIZE WORK?

The day I watched Marie Forleo's film separating the important from the urgent, my life changed. Not all remote jobs start fast, but most of them are...

9. HOW DO YOU PREPARE FOR A MEETING AND PREPARE A MEETING? WHAT DO YOU SEE HAPPENING DURING THE MEETING?

Just as communication is essential when working remotely, so is organization. Because you won't have those opportunities in the elevator or a casual conversation in the lunchroom, you should take advantage of the little time you have in a video or phone conference...

10. HOW DO YOU USE TECHNOLOGY ON A DAILY BASIS, IN YOUR WORK AND FOR YOUR PLEASURE?

This is a great question because it shows your comfort level with technology, which is very important for a remote worker because you will be working with technology over time...