Architects & Engineers Underwriting Specialist
WFA Digital Insight
As the insurance industry continues to evolve, demand for specialized underwriting expertise is on the rise, with a notable 25% increase in job postings over the past year. The Hanover Insurance Group, a leading provider of professional liability insurance, is seeking a seasoned Architects & Engineers Underwriting Specialist to drive business growth. With the shift towards remote work, this role offers a unique opportunity for professionals to leverage their digital skills and industry knowledge to succeed in a flexible and dynamic environment. Before applying, candidates should be aware of the importance of staying up-to-date with industry trends and regulatory changes, as well as the need for strong analytical and communication skills.
Job Description
About the Role
The Architects & Engineers Underwriting Specialist will play a critical role in The Hanover Insurance Group's Professional Liability team, identifying, soliciting, and underwriting new business opportunities. As a key member of the team, this individual will be responsible for driving agency relationships, analyzing complex risk profiles, and developing strategic underwriting plans. The successful candidate will have a deep understanding of the architects and engineers professional liability market and a proven track record of success in underwriting and business development.The role will involve working closely with internal stakeholders, including underwriting teams, claims professionals, and sales leaders, to drive business growth and profitability. The ideal candidate will be a seasoned underwriting professional with a strong network of industry contacts and a deep understanding of the professional liability landscape.
What You Will Do
- Identify and solicit new business opportunities in the architects and engineers professional liability market
- Conduct thorough risk analyses and develop strategic underwriting plans to drive business growth and profitability
- Build and maintain strong relationships with agencies and brokers to drive new business and retain existing accounts
- Collaborate with internal stakeholders to develop and implement underwriting strategies and protocols
- Analyze industry trends and regulatory changes to stay ahead of the competition
- Develop and maintain expertise in the architects and engineers professional liability market
- Provide training and guidance to less experienced underwriters and support staff
- Travel to meetings, conferences, and client sites as required (15-20% of the time)
- Manage and prioritize multiple concurrent projects and deadlines
- Identify, analyze, and solve problems, and adapt quickly to changing circumstances
- Proactively share knowledge and expertise with peers, management, and leadership
What We Are Looking For
- Bachelor's degree or equivalent experience in a related field (e.g., insurance, business, engineering)
- 3-5+ years of experience in architects and engineers professional liability underwriting
- Proven track record of success in underwriting and business development
- Strong analytical and communication skills, with the ability to analyze complex risk profiles and develop strategic underwriting plans
- Ability to build and maintain strong relationships with agencies, brokers, and internal stakeholders
- Strong problem-solving and time management skills, with the ability to prioritize multiple concurrent projects and deadlines
- Ability to travel 15-20% of the time
- Strong knowledge of the architects and engineers professional liability market, including industry trends and regulatory changes
Nice to Have
- Professional certification in insurance or a related field (e.g., CPCU, ARM)
- Experience with underwriting software and systems
- Strong network of industry contacts and relationships
- Experience in a similar role at a competing insurance company
Benefits and Perks
- Competitive salary and bonus structure
- Comprehensive benefits package, including medical, dental, vision, life, and disability insurance
- 401(k) with company match
- Tuition reimbursement and professional development opportunities
- Flexible work arrangements, including remote work options
- Company-paid holidays and paid time off
- Access to on-site medical and wellness center (Worcester location only)
- Cultural awareness and diversity initiatives, including Cultural Awareness Day
How to Stand Out
- Be prepared to discuss your experience and success in underwriting and business development, and how you stay up-to-date with industry trends and regulatory changes.
- Highlight your ability to analyze complex risk profiles and develop strategic underwriting plans, and provide examples of your experience in this area.
- Emphasize your strong communication and relationship-building skills, and provide examples of your experience working with agencies, brokers, and internal stakeholders.
- Show a strong understanding of the architects and engineers professional liability market, including industry trends and regulatory changes.
- Be prepared to discuss your experience with underwriting software and systems, and how you have used these tools to drive business growth and profitability.
- Consider obtaining professional certification in insurance or a related field to enhance your credentials and demonstrate your expertise.
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