Description

Our Business Insurance Team is seeking a Director of Industry Solutions for Construction to add to their growing team. This is a full time, exempt role. Candidates may sit anywhere in the country and operate in either a hybrid or remote setting.

Position Overview

In this role, you will be the national leader for one or more industry practices with responsibility for the top and bottom-line financial performance and strategic imperatives of the industry practice(s). You will develop and implement strategic solutions that align with the company's goals and the evolving needs of the insurance industry. As the industry expert, you will provide consultative guidance and direction on industry-related topics to key internal stakeholders. You will collaborate with internal teams, adjacent industry practice leaders, and line of business leaders to develop and implement effective strategies for the growth and success of the business. You will represent the company at industry events, conferences, and forums, building the company's brand and reputation in the insurance industry.

Key responsibilities

• Develop comprehensive solutions for the industry practices under your responsibility, covering aspects like product development, appetite, guidelines, pricing, and marketing. Collaborate with cross-functional teams to ensure these solutions address customer needs and align with market demands.
• Set short and long-term strategic goals, operational priorities, and revenue growth forecasts for assigned industry practices, focusing on top and bottom-line performance. Recommends actions to improve profitability.
• Perform ongoing analysis, including industry level reviews with annual report out to senior leadership team and cross-functional business unit partners.
• Identify emerging trends, opportunities and challenges and develop strategies to address, collaborating with senior leadership to align solutions with the business unit's strategy. Continuously evaluate strategies and make necessary adjustments to adapt to changing market conditions.
• Track industry trends, Hanover claims trends, and industry best practices to offer insights and recommendations, including any necessary portfolio adjustments.
• Provide training and education for the field underwriting team, incorporating industry trends, Quality report analysis, portfolio insights, and feedback from cross-functional business partners.
• Contribute thought leadership through whitepapers, guidelines, and educational seminars. Create and maintain underwriting resources for assigned industries.
• Conduct market research and analysis to understand industry trends, competitor offerings and customer needs.
• Monitor and analyze competitive landscape and develop strategies to differentiate the company's offerings.
• Review and update industry strategies and policy forms, ensuring compliance with corporate underwriting strategies and regulatory requirements.
• Offer coaching and mentorship, guiding and supporting the professional development and career growth of colleagues striving to enhance their knowledge.

Core Competencies, Skills and Experience

• Minimum 10 years of experience in the insurance industry with a focus on solution development, strategy, or consulting
• Strong understanding of insurance products, operations, and regulatory environment
• Excellent communication, presentation, and interpersonal skills
• Strong research, analytical, and decision-marking skills with great attention to detail
• Ability to think strategically and drive results in a fast-paced environment
• Ability to work independently as well as collaboratively in a team environment; able to confidently influence others

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.
Requisition #: 38652

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