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, Sustainability initiatives and inclusive corporate culture.
Our Small Commercial team is currently seeking an Underwriting Technician. This is a full time, non-exempt role.
Small Commercial Underwriting Technicians are responsible for supporting the various Underwriting functions in partnership with assigned Underwriters. UTs are responsible for preparing and providing key data, following up on outstanding issues, and making recommendations to assigned Underwriters within their functional area in support of managing a profitable book of business.
IN THIS ROLE, YOU WILL:
• Provide daily support to Underwriting in the management of all underwriting transactions, service standards, agency relationships, and compliance rules and documentation.
• Under general supervision performs standard duties utilizing developed procedures for account triage, risk acceptability, file preparation, and basic to moderate complexity analysis of underwriting transactions including report ordering, file documentation, and agency communications
• Coordinates multiple deliverables to achieve service standards and underwriting guidelines; Provides accurate rating instructions for high quality output
• Build and demonstrate knowledge of underwriting systems, workflows, compliance rules, lines of business and coverages to support underwriting functions in Small CL
• Per UT Authority level granted, executes within guidelines and appropriately escalates issues to their underwriter and manager.
• Developing proficiency in basic underwriting analysis, file preparation, report assessment and compliance rules.
• Learning territorial differences and business strategies for growth and profitability.
• Developing ability to build and maintain close working relationships with agents, underwriters, and peers.
WHAT YOU NEED TO APPLY:
• Associate’s degree preferred and/or 1-2 years of relevant industry experience
• Ability to develop understanding of basic exposure/control analysis and coverage
• Basic Underwriting knowledge and awareness of how the various roles/functions fit together and the importance of each
• Ability to problem solve and leverage available resources
• Service oriented with a high level of responsiveness
• Ability to self-manage workload to meet underwriting goals and service standards
• Communicates effectively with internal and external partners both verbally and in written communications
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.
Compensation:
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.
