Vice President State Management, Personal Lines

Hanover Insurance Group, Inc.; Worcester, Northern (MA, KY); Hybrid; USD 180,000 - 240,000; Full time

Job summary

Hanover Insurance Group, Inc. seeks a Vice President of State Management Underwriting to lead the Personal Lines State Management organization and execute the overall Personal Lines strategy. The role reports to the President of Personal Lines and collaborates with distribution partners to achieve P/L objectives.

The position is full-time and hybrid, with responsibility for regional economic performance, pricing, underwriting appetite, and regulatory/compliance oversight across states.

Qualifications

• 15+ years of personal lines insurance experience and proven success leading a State Management organization.
• Knowledge of state markets and competitors by product line.
• Ability to weigh risks vs. rewards while considering company-wide impact.

Responsibilities

• Consults with Personal Lines leadership on strategic direction and action plans.
• Drives innovation and uses analysis to support business decisions.
• Owns the financial plan for all states and partners with Field Distribution to execute it.
• Leads and develops talent; hires, grows and retains top performers.
• Ensures attendance, on-site requirements, and effective communication with stakeholders.

Skills

15+ years experience

State markets knowledge

Strategic thinking

Team leadership

Collaborative

Job description

The Personal Lines department is seeking an experienced and strategic and collaborative Vice President of State Management Underwriting to join our growing team.

Position Overview/Summary:

At this time, the company is looking to hire a Vice President of State Management. This position reports directly to the President of Personal Lines with responsibility for leading the entire Personal Lines State Management organization. As part of the Personal Line Leadership team, the VP of State Management helps develop and execute the overall Personal Lines business strategy and financial plan. This position is responsible for returning better than industry performance through the development of product (pricing, underwriting appetite and product structure and enhancements) and distribution strategy across the P/L footprint. Working directly with the distribution arm of the organization, the VP of State Management aggressively collaborates in the development, execution and monitoring of macro-level operating plans resulting in P&L objectives, including the areas of profit, revenue growth, regulatory management, and legal compliance.

This is a Full-time, Exempt role. This position is hybrid.

Responsibilities/Essential Functions:

• Consults and serves as a thought partner to the Personal Lines leadership team on determining strategic direction, evaluating tactical situations and formulating action plans in response to both
• Drives innovation and provides creative solutions using analysis required to support the business decisions
• Develops and implements business strategies to support top-and bottom-line results. Owns the financial plan for all states
• Cultivates agent relationships to meet business objectives and strategic goals.
• Partners closely with the Field Distribution organization to execute on the financial plan balancing desire to write profitable business with creative solutions for our agents
• Cleary communicates the direction, goals, and priorities of PL State Management. Leads change effectively by building commitment in a collaborative team environment.
• Leads talent; coaches direct reports on an ongoing basis and looks for opportunities to hire, grow and retain high potentials across the organization
• Employees are expected to meet the essential functions of their role, includingmaintainingregular,predictableand reliable attendance and adhering to their assigned work schedules.
• Onsite attendance requirements may vary by position and are subject to change based on business needs consistent with applicable law.
• Communicate effectively with internal and external stakeholders usingappropriate channels, including phone, email, teams, and in person interactions as required.
• Ability tomaintainsound judgement andattention to detailwhile managing multiple priorities under pressure in a fast-paced environment.

Essential Skills, Core Competencies and Experience:

• 15+ year’s personal lines insurance experience with demonstrated success in developing and leading a State Management organization.
• Demonstrates knowledge of state markets. Maintains knowledge of state markets and key competitors by product line.
• Able to trade-off the risks and rewards in a particular situation while also considering the big picture of company-wide impact, industry trends, and strategic implications
• Someone with a proven track record of working hand in hand with SBU leaders, rolling up their sleeves (if needed) to get the job done
• An aggressively collaborative, team player with strong results orientation and sense of urgency
• A skilled team builder who is able to attract, develop and retain the very best talent