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For your reference, we have included the original job posting below.
Commercial Lines Middle Market Underwriter
Job Number:
25931959
Company Name:
Hanover Insurance
Job Location:
Somerset, NJ US
Job Category:
Accounting & Finance
Commercial Lines Middle Market Underwriter
Commercial Lines Middle Market Underwriter
Job ID #: 1726 Location: Somerset, NJ Functional Area: Underwriting SBU: 17000 - New Jersey Branch Position Type: Full - Time Education Required: Bachelors Degree Experience Required: 7 - 10 Years Relocation Provided:
Job Description
Position Summary: Direct responsibility for a book of key renewals, agency management, and significant new business production from key agents. Primary focus is on driving commercial lines middle market new business with key commercial lines agents in their territory. Focus goals for the role include retention, new money, new business production, profit and growth.
Allocation of Time/Week:
- Business cultivation in agent's office 50%
- Underwriting and quoting of new business 30%
- Underwriting, pricing, negotiation of key renewals 20%
Key Job Duties:
- Works with key commercial agents to identify and write new commercial lines middle market accounts.
- Oversees a book of business, including load balancing, planning and portfolio management.
- Manages the implementation of the business plan and achievement of focus goals.
Key Accountabilities and Deliverables (Measures):
- Written Premium growth
- Retention Rate
- Loss Ratio
- Individual new business production
Position Requirements
- Minimum 7 plus years multi line commercial underwriting experience required.
- Demonstrated ability to develop strategic, productive agency relationships
- Sales/production orientation
- Bachelors Degree preferred
- Professional designations such as CPCU, CIC, etc. are a plus
- Excellent oral and written communication skills
- Proficient with Microsoft Office Suite with the ability to learn internal Customer & Agency Account Management systems.
Benefits To Joining The Hanover Team:
- Competitive Pay and Benefits
- Retirement/401(k) Program
- Beneficiary and Ability Assist Programs
- Travel Assistance Program
- Adoption Benefit
- Wellness Programs
- Matching Education Gifts Plan
- Employee Development/Education Assistance and Professional/Industry Designation Programs
- Generous "Time Off With Pay"
The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester, Mass., is the holding company for a group of insurers that includes The Hanover Insurance Company, also based in Worcester; Citizens Insurance Company of America, headquartered in Howell, Mich., and their affiliates. The Hanover offers a wide range of property and casualty products and services to individuals, families and businesses through an extensive network of independent agents, and has been meeting its obligations to its agent partners and their customers for more than 150 years. Taken as a group, The Hanover ranks among the top 40 property and casualty insurers in the United States.
The Hanover Insurance Group does not accept unsolicited Agency resumes. The Hanover Insurance Group will not pay fees to any third party agency or firm that does not have a signed "Employment Agency Agreement" already on file with Human Resources - The Office of Talent Management. Nearest Major Market: New Jersey Job Category: Insurance, Underwriter
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