Senior Small Commercial Renewal Portfolio Underwriter

The Hanover Insurance Group; Detroit (MI); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical coverage

401(k) with company match

Paid time off

Job summary

The Hanover Insurance Group, a long-standing insurance provider, seeks a Senior Portfolio Underwriter in the Small Commercial unit. The role focuses on underwriting, retaining, and servicing renewal accounts while collaborating with producers and leadership to optimize portfolio performance.

Ideal candidates have 3+ years of renewal underwriting experience, strong pricing and relationship skills, and familiarity with multi-line accounts.

Qualifications

• Bachelor’s degree preferred and 3+ years of renewal underwriting experience including proven results in production, service and quality metrics.
• Strong underwriting skill and coverage knowledge; ability to make underwriting decisions on multi-line accounts up to $100,000 premium size (and higher).
• Demonstrating strong relationship building, teamwork and collaboration skills with both internal and external partners.

Responsibilities

• Underwrite and manage Commercial Lines renewal business for respective agency assignments including individually underwriting and servicing the non-bypass accounts in their assigned portfolio.
• Responsible for adequately pricing exposures, in line with Retention and New Money objectives, contributing to target profit and loss metrics for assigned portfolio.
• Contributes to portfolio mix in accordance with corporate mix targets.
• Handles endorsements that fall outside of the endorsement authority letter of Rating or Renewal UTs.
• Handles cancellations that fall outside of the scope of Renewal UTs.
• Effectively delivers renewal quotes at appropriate threshold in a professional manner, including quote proposals, cross sells, upsells, and segment expertise awareness as appropriate.
• Provide product knowledge transfer to agents so they can effectively sell Hanover as the go to market for their customers.
• Actively interacts with internal and external customers to enhance the business relationship and improve retention ratios.
• Effectively presents a clear and consistent underwriting appetite to our production force.
• Operates within the scope of assigned authority statement.
• Coordinate with relevant colleagues to effectively manage renewal activities and retention on accounts handled.
• Involved in agency management strategies, reviews and results reporting, profiling, tactics and activities, and staff meetings, as appropriate.
• Participate in field visits and/or territorial marketing events to enhance the corporate/local strategy and agency relationship as appropriate.
• Coordinate with New Business UWs and SCSMs to present a united front on account/agency strategies and decisions

Skills

Renewal underwriting

Relationship building

Multiline knowledge

Team collaboration

Pricing strategies

Education

Bachelor’s degree preferred

Tools

Underwriting systems

Job description

The Hanover Insurance Group, a long-standing insurance provider, seeks a Senior Portfolio Underwriter in the Small Commercial unit. The role focuses on underwriting, retaining, and servicing renewal accounts while collaborating with producers and leadership to optimize portfolio performance.

Ideal candidates have 3+ years of renewal underwriting experience, strong pricing and relationship skills, and familiarity with multi-line accounts.