Commercial Surety - Underwriting Specialist Surety (Remote/Hybrid)

Position Overview

The Commercial Surety Department is seeking an experienced Underwriting Specialist to join the Central Region team. This role is responsible for the profitable underwriting growth, and management of a commercial surety portfolio through strong technical expertise, agency relationships, and strategic business development.

Responsibilities

• Independently manage and grow an assigned book of commercial surety business with moderate to high technical complexity.
• Identify, solicit, underwrite, and retain profitable new and renewal surety accounts aligned with underwriting appetite and portfolio objectives.
• Develop and maintain strong agency, broker, and client relationships to support business growth and retention.
• Analyze financial statements, operational exposures, bond obligations, and risk mitigation factors to make sound underwriting decisions.
• Coincide with internal and external stakeholders to evaluate complex submissions and obtain appropriate approvals.
• Clearly communicate underwriting decisions, terms, and recommendations to agents and brokers.
• Manage portfolio performance against premium, profitability, retention, product mix, and new business objectives.
• Utilize marketplace and competitor intelligence to enhance decision-making and strengthen producer relationships.
• Proactively market Hanover’s surety capabilities and identify opportunities for cross-selling across business units.
• Stay current on industry trends, market conditions, and regulatory developments affecting the territory.

Requirements

• Bachelor’s degree or equivalent professional experience.
• AFSB designation preferred.
• 2-5+ years of Commercial Surety underwriting experience.
• 2–4+ years of successful agency relationship management and business development experience.
• Strong understanding of commercial surety underwriting principles, financial analysis, pricing, and portfolio management.
• Demonstrated ability to evaluate and negotiate complex surety risks.
• Excellent written and verbal communication skills, including the ability to confidently deliver technical underwriting decisions.
• Strong analytical, problem-solving, negotiation, and relationship-management capabilities.
• Ability to adapt quickly to changing business conditions and embrace new approaches and ideas.

Qualifications

• Strong analytical, problem-solving, negotiation, and relationship-management capabilities.
• Ability to adapt quickly to changing business conditions and embrace new approaches and ideas.

Skills

• Strong analytical, problem-solving, negotiation, and relationship-management capabilities.
• Ability to adapt quickly to changing business conditions and embrace new approaches and ideas.

Benefits

• Medical, dental, vision, life, and disability insurance.
• 401K with a company match.
• Tuition reimbursement.
• Paid time off.
• Flexible work arrangements.
• Cultural Awareness Day in support of IDEOn-site medical/wellness center (Worcester only).
• Click here for the full list of Benefits.