Professional Liability - Financial Institutions Specialty Underwriting Specialist (REMOTE)

Specialty, Underwriting Specialist

The Hanover is seeking a seasoned Specialty, Underwriting Specialist to join our Professional Liability department, supporting our Financial Institutions - Asset Management team. We recognize the importance of flexibility in today's dynamic work environment. This position offers the option to work fully remote or in a hybrid capacity from New York, Illinois, or Georgia, with occasional travel for business needs. At The Hanover, we are committed to building a diverse, inclusive, and equitable workplace. We believe that embracing different perspectives strengthens our organization and fosters a vibrant community. The actual job title and level may be flexible dependent on candidate qualifications and experience (Senior Underwriting Specialist or Executive Underwriter). This is a full-time, exempt role.

Position Overview : Responsible for identifying, soliciting, underwriting, and selling new and renewal Financial Institutions accounts that drive profitable growth and align with Industry Segments and LOB mix 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.

In this role, you will :

• Knows and applies underwriting concepts including risk selection, exposure and hazard identification and control, coverage implications, and loss analysis.
• Uses all appropriate underwriting tools, disciplines, and strategies to ensure underwriting guidelines are followed.
• Understands pricing components and rating methodology and correlates pricing to exposures.
• When presented with minimal information on a risk, instinctively knows the key questions to ask to ascertain the full scope of operations and the key exposures and needed controls.
• Completes file documentation according to best practices guidelines and can clearly explain account decisions.
• Provides clear and concise rating instructions for quotes prior to generating proposal for presentation to the agent.

Portfolio Management & Financial Acumen :

Sales Management :

What you need to apply :