Hanover Insurance Group has consistently been named one of America’s Best Midsized Employers by Forbes magazine and one of Business Insurance magazine's Best Places to Work in In
Marine Underwriting Associate
Location
Pennsylvania + 4 moreAll locations: Pennsylvania | Maine | New Hampshire | New Jersey | New York
Posted
29 days ago
Salary
0
Seniority
Senior
No structured requirement data.
Job Description
Marine Underwriting Associate
Hanover Insurance Group
Title: Marine Underwriting Associate Location: Windsor, CT, USA• Worcester, MA, USA• Syracuse, NY, USA• Somerset County, NJ, USA• King of Prussia, PA, USA• Bedford, NH, USA• Portland, ME, USA Job Description: Our Marine team is seeking an Underwriting Associate to join their growing team in the Worcester, MA, Windsor, CT, King of Prussia, PA, Portland, ME, Bedford, NH, Somerset, NJ, or Syracuse, NY area. This is a full time, non-exempt role. This is a hybrid opportunity (2x a week in office, 3x remote). POSITION OVERVIEW: This position serves as an essential member of the Marine Underwriting Associate team by supporting various underwriting functions in partnership with assigned Underwriters and/or territories. Underwriting Associates are responsible for supporting new business and renewal activities, policy servicing handling including processing transactions and partnering with other support areas like Billing, Premium Audit, Claims, Agency Licensing as well as responding to agent inquiries. Additionally, individuals in this role are responsible for following operational workflows and best practices while ensuring service levels are met and a positive customer experience is provided to internal and external partners. As needed, UAs may be tasked with cross-training peers. As applicable, UA may have designated level of UW authority. IN THIS ROLE, YOU WILL: Supports the Underwriter in new business and renewal activities Account preparation: collection/analysis of data, ensuring complete file documentation, instruction, solicitation, etc. Helps to support the quoting and issuance cycle Updates work management system statuses throughout the cycle of the policy and monitors work in queue Documents all new and renewal accounts including the completion of underwriting tools and information from outside resources in accordance to Best Practice guidelines Completes 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 May partner with Premium Audit and Agency accounting as needed for audit transactions and overdue premium reconciliation Consistently executes to all UA steps during new business and renewal issuance and subsequent transaction to achieve quality and service standards Facilitates transfer of accounts to Process Support for issuance, provides detailed processing instructions and updates appropriate statuses Uses appropriate communication channels to refer or follow-up with the underwriter to ensure outstanding items are handled timely Serves as primary service contact to ensure superior customer experience; presents solutions for rush new business, renewal and endorsement requests. Responds to account inquiries such as accounting status and billing issues Manages account information ensures accuracy of input into all appropriate systems Demonstrates working knowledge of underwriting systems, workflows, procedures and compliance rules Can assist with cross-training support of UA teammates Understands strategy, territory appetite and key agent partners in order to achieve growth and profitability goal Cultivates strong business relationships (internal and external) by proactively communicating and conveying ownership and commitment WHAT YOU NEED TO APPLY: Associate's Degree or equivalent experience 1-2+ years of Commercial Lines/Specialty insurance experience Fundamental underwriting, practices, procedures, workflows, systems & tools knowledge Robust functional knowledge of product offerings and solid business acumen Strong analytical skills Strong organizational and time management skills Strong attention to detail and prioritization skills Ability to work cross-functionally
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Commercial Inland Marine Production Underwriter
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Role Description We’re looking for an entrepreneurial middle market commercial inland marine producer or production underwriter to expand the distribution of our industry leading products. This fully remote position is part of the management team for our Physical Damage / Commercial Inland Marine Insurance products. Working with stakeholders from Sales, Claims, Legal, Marketing and IT, you will deliver world class physical damage / Commercial Inland Marine insurance for agricultural, construction and material handling equipment distributed through our equipment dealer network. - Pitch and close prospective dealers and clients from our regular inflow of prospects - Manage ongoing customer relationships for assigned dealers and clients - Identify trends in physical damage insurance for target equipment and implement responses leading to both top line and bottom growth for the product - Conduct competitive analyses to monitor key competitor and OEM activities - Drive product development to deliver products that create compelling equipment owner value, dealer benefits and OEM profitability - Work closely with key internal and external stakeholders to assess the ongoing health of the product and recommend future product changes/enhancements - Develop and implement the go-to-market product plan to support launches and enhancements - Engage with Partners and Dealers to get market trends, create competitive analyses and deliver product feedback - Act as a resource for product and competitive related inquiries from field and internal stakeholders - Assist with product training for internal and dealer training sessions - Manage regulatory compliance risk for the products including working with the underwriter to submit regulatory filings and ensuring dealer and agency licensing requirements are met - Perform internal underwriting and claims audits - Participate in the annual and strategic planning process for the products Qualifications - Minimum 5 years of experience in property and casualty insurance production, underwriting, product management, or compliance - Experience in program / affinity / association business is a plus but is not required - Middle market commercial lines generalist underwriting is a plus but is not required - Inland Marine expertise is a plus but is not required - Insurance/Warranty, Financial Services or related Product Development and Management Experience is a plus but is not required - Licensed P&C producer in US or Canada, or willingness to obtain producer license Requirements - Strong presentation skills - capable of communicating effectively with senior management, internal team members, external vendors, regulators, industry and dealer audiences - Strong analytical skills including financial analysis, competitive analysis, and product pricing - Product development skills – working with multiple stakeholders in developing, launching and managing - Proficient computer skills, specifically MS Excel, Word, and PowerPoint - Excellent written and verbal communication skills - Detail oriented and organized - Demonstrated strong interpersonal skills, leading and participating in a team environment - Travel Requirements ~ 10% Personal Attributes - Ability to work in a fast-paced environment concurrently on multiple projects with varying deadlines - Comfortable/encouraging in constructive debate and discussion – unafraid to challenge the status quo - Commitment to excellence – quality, detail and deadline driven - Ability to work independently without frequent direction - An entrepreneurial mindset and take ownership attitude Education - Undergraduate Degree or equivalent work experience / certifications - Certifications may include Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), Associate of Risk Management (ARM), Certified Licensing Professional (CLP) or other applicable designations
• Entering information about a potential policyholder into the client’s system • Mapping the property location to the nearest body of water • Verifying that all the other parts of the process are completed and look correct • Combining documents for different parts of the policy to create the final policy document • Sorting and filtering data in Excel • Analyzing and entering the needed information into the system • Using advanced functions in Excel, such as pivot tables and VLOOKUP • Converting Word and PDF documents into Excel • Using Google, Google Maps, and Bing to help determine the type of business • Using Google Translate to translate documentation provided from our client’s international offices
• Manage 3 UW teams and develop their skill sets in line with our underwriting philosophy and guidelines • Maintain relationships and stay on the cutting edge of new third party data offerings. Identify, pilot, and engage new tools to improve underwriting • Communicate with our insurance partners in concert with Ladder’s business development director who leads the relationship management of our reinsurers and carriers • Partner with actuary to present mortality slippage each month to Ladder’s mortality team • Serve as a subject matter expert to engineering and product teams as we build new insurance offerings
Role Description Conduct comprehensive risk assessments of property insurance applications in compliance with company guidelines, local regulations, and underwriting standards. - Analyze property values, construction details, occupancy, and exposure to hazards to determine appropriate coverage and pricing. - Review and evaluate risk improvement suggestions, loss control reports, and underwriting data to identify potential risks and recommend risk management strategies. - Review and negotiate policy terms and conditions with assistance from the manager when needed. - Manage a diverse portfolio of property insurance policies, ensuring effective risk selection, pricing adequacy, and profitability. - Monitor portfolio performance, identify emerging trends, and implement necessary adjustments to maintain desired loss ratios and financial targets. - Collaborate with claims teams to review and analyze claims data, identify patterns, and incorporate insights into underwriting decisions and risk management strategies. - Position requires domestic and international travel up to 30%. - Telecommuting permitted up to 70%. Qualifications - Employer will accept 8 years of experience in the job offered or in a Underwriting Specialist-related occupation. - Position requires demonstrable experience with the following: - Property insurance and cat modeling analysis. - Demonstrated ability to work independently and autonomously on all but the most complex accounts and cases. - Underwriting policies within underwriting authority. - Demonstrated ability to make decisions on whether to accept business by making analytical, data-driven decisions based on data and information provided, including pricing the risk. - Managing own portfolio of brokers and agents and clients. - Leveraging market presence and knowledge to bring in new business where possible. - Maintaining a strong market presence, including established trading relationships with agents and brokers. - Articulating key coverage difference with a high degree of detail. - Providing significant input into the business and marketing planning process, including advanced data-driven insights from portfolio analysis. - Participating in projects across departments designed to drive underwriting and process excellence. - Modeling effective collaboration across teams, stakeholders, and partners including UW Support, Claims and Actuarial. - Demonstrating strong knowledge of key legal cases, legislation and regulation impacting areas of underwriting expertise. - Experience in the insurance and re-insurance industries in Latin American markets. - Position requires domestic and international travel up to 30%. - Telecommuting permitted up to 70%. - Multiple Positions Available. Requirements - To apply, please visit https://jobs.libertymutualgroup.com/ , select “Search Jobs,” enter job requisition #2026-75839 in the “Job ID or Keywords” field, and submit resume. - Alternatively, you may apply by submitting a resume via e-mail to RecruitLM@LibertyMutual.com . Reference requisition number in subject of e-mail. Benefits - The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. - The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. - Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role. - At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. - We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture. - This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. - Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. - Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve. - We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. - To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits - Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.




