Reinsurance Underwriting Manager (Remote)

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, ESG initiatives and IDE journey.
Our Reinsurance Underwriting Team is looking for Reinsurance Underwriting Manager to join their team in our Worcester, MA office or remote work arrangement.
This is a full time, exempt role.
POSITION OVERVIEW:
Direct and administer ceded reinsurance functions for The Hanover Insurance Group. Areas of responsibility include contract management/analysis, coordination of reinsurance submission process for both new and renewal ceded reinsurance treaties, maintaining broker/reinsurer relationships, internal communication, and reporting of reinsurance information.
IN THIS ROLE, YOU WILL:

• Develop understanding of business strategies to provide cost effective reinsurance solutions.
• Build and maintain relationships with reinsurance brokers, reinsurer markets and other external relationships related to Ceded Reinsurance.
• In conjunction with the Office of the General Counsel and Director, assist as needed with contract wording and interaction/consistency among contracts.
• Participate on Ceded Reinsurance commutations as required.
• Develop or maintain understanding of cat modeling concepts.
• Monitor reinsurers for adherence to security standards.
• Participate in the presentation of Ceded Reinsurance Underwriting audits.
• Provide input and assist in coordination the process of ceded reinsurance purchases between underwriting and direct reinsurer or broker-market placements.
• Proactively oversee the implementation and maintenance of all reinsurance contracts and programs in compliance with the NAIC nine-month rule.
• Facilitate or participate in quantitative actuarial contract profitability and impact analyses on multiple lines of business.

Monitor and communicate quarterly reinsurance contract activity and financial information.

• All other duties as required.
• Assist reinsurance accounting as needed.
• Assist in responding to inquiries from underwriting, claims or any other corporate disciplines on reinsurance coverage issues.
• Maintain updated contract documentation and distribute appropriately.
• Remain current with insurance product/line of business changes and reinsurance industry trends.

WHAT YOU NEED TO APPLY:

• Strong written and oral communication skills with the ability to communicate effectively within the organization and articulate suggestions/alternatives and analytical skills.
• Communication for Results: Expresses technical and business concepts, ideas, feelings, opinions, and conclusions, so that others understand or are persuaded to act Creates an environment that encourages and values the opinions of others and promotes sharing of information and ideas.
• Quantitative math, accounting, and/financial experience.
• Five+ years of experience in the Reinsurance industry or property/casualty underwriting
• Comprehensive knowledge of both commercial and personal lines insurance products.
• Conceptual Thinking: Synthesizes facts, trends, inferences, and key issues and/or themes in complex situations Recognizes patterns and relationships between apparently unrelated entities or situations.
• Self-Management: Effectively plans and organizes their work to achieve desired outcomes. Demonstrates flexibility in applying different approaches to changing work demands Is confident of own abilities to meet challenges and can maintain performance under stress Seeks opportunities for improvement through learning, development and feedback.
• Innovation: Suggests new ways of looking at a situation to improve organizational performance through the introduction of new ideas, methods, processes, products, services, and so forth.
• Business Function Knowledge: An understanding of business functions and the corresponding strategies, benefits, risks, and costs that impact the business. Example business functions include: IT, marketing, finance, accounting, underwriting, and claims.
• Information Seeking: Thoroughly investigates and researches multiple sources to expose details and complete information about resources, issues, and problems and so forth Involves in-depth research, asking probing questions and transcending surface issues.
• Analytical Thinking: Applies analytical techniques, e.g., separating a complex whole into its parts or elements to resolve problems or issues.
• Mentoring/Developing Others: Shares knowledge, skills or expertise with others; coaches others. Encourages and rewards learning, growth, etc., in others. Creates an environment where employee ownership of self-development is encouraged Supports continual development of staff through assignments, coaching, and training.
• Bachelor’s degree in related field and/or certification specialized training or equivalent work experience.
• Information Systems Knowledge: Maintains and applies specific knowledge of information systems elements (hardware, software, & network) and their application to business functions/processes.
• Required Skills, Knowledge, & Experience and Competencies:
• Relationship Building: Understands the importance of developing and maintaining cooperative relationships with others at all levels of the organization by making others feel their concerns and contributions are important Builds positive relationships with others to accomplish organizational goals.

CAREER DEVELOPMENT:
It’s not just a job, it’s a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop.
BENEFITS:
We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.
Benefits include:

• Company paid holidays
• 401K with a company match
• Tuition reimbursement
• Click here for the full list of Benefits
• PTO
• On-site medical/wellness center (Worcester only)
• Cultural Awareness Day in support of IDE
• Flexible work arrangements
• Medical, dental, vision, life, and disability insurance

EEO statement:
The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.
Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.”
As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: [email protected] and include the link of the job posting in which you are interested.
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