Remote Commercial Surety Underwriting Specialist

The Hanover Insurance Group; Detroit (MI); Hybrid; USD 85,000 - 115,000; Full time

Benefits offered by this job

Medical, dental, vision, life, and dis

401K with company match

Tuition reimbursement

PTO

Company paid holidays

Flexible work arrangements

Job summary

The Hanover Insurance Group in Detroit is seeking an Underwriting Specialist to lead commercial surety growth for the Central Region. The role focuses on underwriting expertise, agency partnerships, and strategic market development across the Midwest.

You will analyze financials, manage a diverse portfolio, and collaborate with brokers to drive profitability and risk-adjusted growth while staying current on industry trends.

Qualifications

• Bachelor’s degree or equivalent professional experience.
• AFSB designation preferred
• 2-5+ years of Commercial Surety underwriting experience.
• 2–4+ years of successful agency relationship management and business development experience.
• Strong understanding of commercial surety underwriting principles, financial analysis, pricing, and portfolio management.
• Excellent written and verbal communication skills.

Responsibilities

• Independently manage and grow an assigned book of commercial surety business with moderate to high technical complexity.
• Identify, solicit, underwrite, and retain profitable new and renewal surety accounts aligned with underwriting appetite and portfolio objectives.
• Develop and maintain strong agency, broker, and client relationships to support business growth and retention.
• Analyze financial statements, operational exposures, bond obligations, and risk mitigation factors to make sound underwriting decisions.
• Coordinate with internal and external stakeholders to evaluate complex submissions and obtain appropriate approvals.
• Apply underwriting principles related to risk selection, exposure analysis, bond form review, loss analysis, and pricing.
• Clearly communicate underwriting decisions, terms, and recommendations to agents and brokers.
• Manage portfolio performance against premium, profitability, retention, product mix, and new business objectives.
• Utilize marketplace and competitor intelligence to enhance decision-making and strengthen producer relationships.
• Proactively market Hanover’s surety capabilities and identify opportunities for cross-selling across business units.
• Stay current on industry trends, market conditions, and regulatory developments affecting the territory.

Skills

Underwriting principles

Agency relationships

Financial analysis

Portfolio management

Negotiation

Communication

Education

Bachelor's degree or equivalent

AFSB designation

Job description

The Hanover Insurance Group in Detroit is seeking an Underwriting Specialist to lead commercial surety growth for the Central Region. The role focuses on underwriting expertise, agency partnerships, and strategic market development across the Midwest.

You will analyze financials, manage a diverse portfolio, and collaborate with brokers to drive profitability and risk-adjusted growth while staying current on industry trends.