Hanover Insurance Groupposted 14 days ago
Full-time • Entry Level
Hybrid • Richmond, VA
Insurance Carriers and Related Activities

About the position

Middle Market 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.

Responsibilities

  • 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.
  • 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.

Requirements

  • Associate's degree preferred and/or 1-2 years of commercial lines experience.
  • Ability to develop understanding of basic exposure/control analysis and coverage.
  • Basic commercial lines underwriting knowledge working with over $50,000 in premiums.
  • 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.

Benefits

  • 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).

Job Keywords

Hard Skills
  • Commercial Lines Underwriting
  • Development Management
  • Procedure Development
  • Profitability Management
  • Underwriting Analysis
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