Hanover
Hanover
51 – 200 Employees
ConsultingRecruitment
Hanover is an executive search and talent solutions firm serving the financial services sector. The company helps banks, asset managers, insurers, wealth managers, fintechs, and private equity firms recruit and develop senior leaders and advisory teams. Its work spans executive search, talent strategy consulting, leadership coaching, outplacement, board services, workshops, leadership development, and market intelligence. Hanover’s team operates from offices in London, New York, Chicago, and Los Angeles, supporting clients across the full talent lifecycle and helping them build diverse, high-performing leadership teams.

Commercial Surety Underwriting Specialist – Hybrid, United States

Hanover is seeking a commercial surety underwriting specialist to expand its Midwest portfolio. The role covers complex risk assessment, agency partnerships, and business development across Illinois, Wisconsin, Indiana, and Michigan.

Description

  • Own and expand a portfolio of moderately to highly complex commercial surety accounts.
  • Pursue, assess, underwrite, and retain profitable new and renewal business within established appetite and portfolio goals.
  • Build lasting partnerships with agencies, brokers, and clients to support growth and retention.
  • Review financial statements, operating exposures, bond commitments, and mitigation measures when assessing risk.
  • Work with internal teams and external partners to review complex submissions and secure required approvals.
  • Use sound judgment in risk selection, exposure evaluation, bond-form analysis, loss review, and pricing.
  • Explain underwriting decisions, conditions, and recommendations clearly to agents and brokers.
  • Track portfolio results against premium, profitability, retention, product mix, and new-business targets.
  • Apply market and competitor insights to improve underwriting decisions and deepen producer relationships.
  • Promote Hanover’s surety offering and uncover opportunities to cross-sell across business units.
  • Monitor industry developments, market shifts, and regulatory changes affecting the assigned territory.
  • Travel across the Midwest for agency engagement, market development, and important business meetings.

Requirements

  • Bachelor’s degree or comparable professional experience.
  • AFSB designation is preferred.
  • At least 2–5 years of commercial surety underwriting experience.
  • At least 2–4 years of successful agency relationship management and business development experience.
  • Solid command of commercial surety underwriting, financial analysis, pricing, and portfolio management.
  • Proven ability to assess and negotiate complex surety risks.
  • Strong written and verbal communication skills, including confidence presenting technical underwriting decisions.
  • Well-developed analytical, problem-solving, negotiation, and relationship-management skills.
  • Ability to respond effectively to changing business conditions and adopt new ideas and approaches.

Benefits

  • Flexible working arrangements, including hybrid and fully remote options in Illinois, Wisconsin, Indiana, or Michigan.
  • An inclusive and collaborative workplace.
  • Career development opportunities.
  • Full-time, exempt employment.

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