College Development Program for Future Leaders
Risk Management
Summary
The Hanover Insurance Group is seeking to attract, retain and develop the best and brightest college students and provide them with meaningful opportunities for personal and professional growth, a diverse culture of learning and a rewarding career path. With this in mind, we developed the Future Leaders Program.
The FLP – Risk Management provides recent graduates the comprehensive training necessary to begin their careers as an underwriter in our personal and commercial businesses and develop into leaders. Participants will have the opportunity to broaden their technical, project, and leadership skills; establish a network of professional contacts; and gain cross functional experience. You will have the opportunity to add value to the company’s business through cross company Business Challenges and strategic projects. Participants will develop their skill sets and apply their knowledge in whichever line of business, Personal Lines or Commercial Lines that best suits their skill set and interest. Through the Future Leaders Program you will have exposure to the business, leadership training, strategic project work and more.
An underwriter has one of the most important jobs in an insurance company. Underwriters accept or reject the risk of coverage, and once the application is accepted, they classify it to charge appropriate premiums for it. Underwriters also help meet the company’s sales objectives for new business and help retain existing business, ensuring an appropriate mix of customers. They regularly interact with branch office management and our agent partners.
Description
- Ensure agents understand the business market direction, underwriting standards and new business risk profile to generate a flow of quality new business submissions and retention business
- Develop relationships with key agents based on a solid understanding of an agency sales plan and partner with them to write new accounts and drive business flow
- Prepare analysis on key projects as assigned, both as an individual and through collaborative group assignments
- Analyze and report business trends across geography, agency, time and characteristics.
- Recommend improvements in systems, procedures, and work-flows to gain efficiencies and meet changing needs
- Work as a team or individually on cross functional Business Challenges and projects
Length
How long does it take to move up? That’s up to you! Over the course of one year, as you learn and are exposed to different aspects of our business, we’ll regularly review your progress to help develop your skills and abilities and we’ll provide you with continuous performance feedback. As you progress, we’ll work with you to determine additional opportunities for increased leadership responsibility in managerial roles. The opportunities and career tracks across all of our business lines are vast — and the knowledge and skills you acquire will be transferable to many business sectors.
Rewards
Our employees begin the program with competitive base pay and are eligible for our general bonus program. Our comprehensive employee benefits package includes medical and dental benefits, an enhanced 401(k) retirement savings plan, tuition reimbursement, vacation and holiday pay. As you advance in your career, you will be eligible for increases in base salary and you will also have the opportunity to reach financial performance based bonuses along the way. The FLP also includes formal mentoring, networking and continuous performance feedback to help ensure your success.
Expectations
We have very high expectations of our participants and anticipate their dedication to the program and to our company. They should have a sense of ownership in their career development and a commitment to excellence. We also expect them to personify the highest standards of professionalism, integrity and ethical conduct.
Company Overview
It is said, “You are known by the company you keep.” As an employee at The Hanover Insurance Group, the company you keep is a diverse, energetic and innovative team with a tremendous range of industry, technical and professional experience. We are committed to win. Our staff is self-motivated to achieve their business goals and objectives, and they are provided with the resources and encouragement to help make it happen while balancing the demands of work with personal and family needs and goals. You can expect to be challenged by your work, encouraged by co-workers and collaborators, and supported with outstanding career development and training tools, including a library of online resources and a full curriculum of instructor-led and online courses.
Today, The Hanover Insurance Group, Inc. (NYSE: THG) operates as The Hanover Insurance Company, except in Michigan, where we do business as Citizens Insurance Company of America. The Hanover, based in Worcester, Massachusetts, is a leading regional provider of Property and Casualty insurance products for individuals, families and businesses. The Hanover offers a wide range of Property and Casualty products and services through an extensive network of Independent Agents. Taken as a group, The Hanover ranks among the top 35 Property and Casualty insurers in the United States.
Application Instructions
We invite you to build your future with The Hanover by joining our journey to assist our customers, learn our business and become a leader. Please submit your application through your schools career office or visit us at www.hanover.com/thg/careers/college/index.htm.
