Description

Our Management Liability team is seeking a Sr. Underwriting Associate to join their growing team in New York. This is a full time, non-exempt role. This is a remote opportunity.

POSTION OVERVIEW:

This position serves as an experienced essential member of the Management Liability UA team by supporting various underwriting functions in partnership with assigned underwriters and/or territories including an expanded level of UW authority. Sr. Underwriting Associates are responsible for all supporting functions of an Underwriting Associate and also demonstrated a level of expertise and knowledge to consistently support teammates with training & quality, act as mentor for team members, participate in cross-functional business initiatives and the capability of backing up some leadership functions. Lead UA partner with other support areas like Billing, Premium Audit, Claims, Agency Licensing. Additionally, individuals in this role are responsible for following and supporting team members with operational workflows and best practices while ensuring service levels are met and a positive customer experience is provided to internal and external partners.

IN THIS ROLE, YOU WILL:

• Support the underwriter in new business and renewal activities
• Account preparation: collection/analysis of data, ensuring complete file documentation, instruction, solicitation, etc.
• Help to support the quoting and issuance cycle
• Update work management system statuses throughout the cycle of the policy and monitors work in queue
• Document all new and renewal accounts including the completion of underwriting tools and information from outside resources in accordance to Best Practice guidelines
• Complete loss control ordering form at issuance and monitors Task Assistant and monthly report to advise underwriter of report availability
• Handles legal notice requests that must be sent at the direction of the Underwriter
• Consistently execute to all UA steps during new business and renewal issuance and subsequent transaction to achieve quality and service standards
• Facilitate transfer of accounts to Process Support for issuance, provides detailed processing instructions and updates appropriate statuses
• Use appropriate communication channels to refer or follow-up with the underwriter to ensure outstanding items are handled timely
• Serve as primary service contact to ensure superior customer experience; presents solutions for rush new business, renewal and endorsement requests.
• Respond to account inquiries such as accounting status and billing issues
• Manage account information ensures accuracy of input into all appropriate systems
• Demonstrate working knowledge of underwriting systems, workflows, procedures and compliance rules
• Can assist with cross-training support of UA teammates
• Understand strategy, territory appetite and key agent partners in order to achieve growth and profitability goals
• Cultivate strong business relationships (internal and external) by proactively communicating and conveying ownership and commitment
• May provide technical coaching, training and mentoring to less experienced team members
• May also assist in development of training plan and materials
• May work with department leadership to facilitate continued operational improvements and efficiencies
• Demonstrates in-depth knowledge and expertise of underwriting systems, workflows, procedures and compliance rules
• Consistently engaged in team meetings/email/virtual discussion, work sessions, training opportunities
• Independently problem solves, proactively manages service & individual work volumes
• Ability to independently prioritize assignments based on understanding of business goals and flexibility to shift priorities when needed

WHAT YOU NEED TO APPLY:

• Associate's Degree or equivalent experience
• 2+ years of Specialty/Professional Executive lines of business insurance experience
• Direct experience as an Underwriting Associate
• Experienced understanding of underwriting concepts, practices, procedures, workflows, systems & tools in an operations setting
• Robust functional knowledge of product offerings and solid business acumen
• Strong analytical skills
• Strong organizational and time management skills
• Strong attention to detail - comprehensive understanding of systems and workflows
• Strong ability to work cross-functionally
• Understand key business contacts/escalation paths

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 #: 43342

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