Senior Surety Underwriter
Liberty Mutual Surety™, Baltimore, MD, United States
Description
Liberty Mutual Surety™ is currently recruiting for a Senior Surety Underwriter to join our Southeast Surety Plus Operation. This underwriting position will support our Small to Mid Contract Team. As a Senior Surety Underwriter you will develop and underwrite profitable surety business, and service independent agents, brokers, and small to mid-sized contract accounts/SBA within an assigned territory. Using your excellent relationship skills, you will build and maintain positive partnerships with our agents, brokers, and accounts as a trusted advisor and underwriting resource for our producers and customers. You will also use your business and financial acumen to perform primary credit underwriting and financial/risk analysis, provide recommendations, and make decisions on new and existing accounts. This is an excellent opportunity for an experienced and self-motivated surety professional looking to grow their career with a top surety company that focuses on its employees and customers first.
Responsibilities
Underwrite and negotiate accounts to maximize profitability whilst minimizing risk, including the most complex accounts based on level of responsibility. Make thorough evaluations and assessments of a customer’s financial, technical, organizational, and management capacities, including experience, objectives, and a subjective judgment of character.
Manage the profitability and retention of an assigned book of business while continuing to develop the portfolio through strong relationships and active engagement with new and existing agents and brokers. May assist in developing the marketing plan.
Perform analytical evaluations of financial statements on static and trend bases. Determine the present and historical financial position of accounts and monitor financial position of risk through analysis of quarterly statements and work-in-progress data as appropriate.
Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines and identify/promote opportunities with agents and brokers, leveraging domestic and global capabilities.
Responsible for investigation, analyzing, and managing all underwriting, accounting, and workflow issues within the framework of Surety policies and procedures.
May assess and identify changes in all aspects of the business including work program to financial strength criteria, nature of work performed (inherent risk), data flow accuracy and timeliness, and exposure analyses. Coordinate and surface issues to Home Office Underwriters and Field Management.
Assist in the evaluation of business continuity arrangements and funding mechanisms to preclude financial drain of the customer in the event of the demise of an owner or other insurable loss.
May mentor more junior staff based on level.
Performs special projects and other duties as assigned.
Qualifications
Degree in Business or equivalent typically required
A minimum of 2.5 years, typically 3 or more years, of surety underwriting (UW) experience and/or other related experience
Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility, including competence with all phases of the underwriting process and proficiency in qualitative and quantitative tools and techniques
Demonstrated comprehension of complex technical underwriting issues and ability to define and implement necessary underwriting and administrative processes/workflows
Proven track record of developing and underwriting profitable Surety business
About Us Pay Philosophy:
The typical starting salary range for this role is determined by factors including skills, experience, education, certifications and location. The full salary range reflects the competitive labor market value for all employees in these positions nationally and provides an opportunity to progress as employees grow. Some roles may include commission and/or bonus earnings based on the compensation plan.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering benefits that support life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices
California
Los Angeles Incorporated
Los Angeles Unincorporated
Philadelphia
San Francisco
#J-18808-Ljbffr
Liberty Mutual Surety™ is currently recruiting for a Senior Surety Underwriter to join our Southeast Surety Plus Operation. This underwriting position will support our Small to Mid Contract Team. As a Senior Surety Underwriter you will develop and underwrite profitable surety business, and service independent agents, brokers, and small to mid-sized contract accounts/SBA within an assigned territory. Using your excellent relationship skills, you will build and maintain positive partnerships with our agents, brokers, and accounts as a trusted advisor and underwriting resource for our producers and customers. You will also use your business and financial acumen to perform primary credit underwriting and financial/risk analysis, provide recommendations, and make decisions on new and existing accounts. This is an excellent opportunity for an experienced and self-motivated surety professional looking to grow their career with a top surety company that focuses on its employees and customers first.
Responsibilities
Underwrite and negotiate accounts to maximize profitability whilst minimizing risk, including the most complex accounts based on level of responsibility. Make thorough evaluations and assessments of a customer’s financial, technical, organizational, and management capacities, including experience, objectives, and a subjective judgment of character.
Manage the profitability and retention of an assigned book of business while continuing to develop the portfolio through strong relationships and active engagement with new and existing agents and brokers. May assist in developing the marketing plan.
Perform analytical evaluations of financial statements on static and trend bases. Determine the present and historical financial position of accounts and monitor financial position of risk through analysis of quarterly statements and work-in-progress data as appropriate.
Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines and identify/promote opportunities with agents and brokers, leveraging domestic and global capabilities.
Responsible for investigation, analyzing, and managing all underwriting, accounting, and workflow issues within the framework of Surety policies and procedures.
May assess and identify changes in all aspects of the business including work program to financial strength criteria, nature of work performed (inherent risk), data flow accuracy and timeliness, and exposure analyses. Coordinate and surface issues to Home Office Underwriters and Field Management.
Assist in the evaluation of business continuity arrangements and funding mechanisms to preclude financial drain of the customer in the event of the demise of an owner or other insurable loss.
May mentor more junior staff based on level.
Performs special projects and other duties as assigned.
Qualifications
Degree in Business or equivalent typically required
A minimum of 2.5 years, typically 3 or more years, of surety underwriting (UW) experience and/or other related experience
Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility, including competence with all phases of the underwriting process and proficiency in qualitative and quantitative tools and techniques
Demonstrated comprehension of complex technical underwriting issues and ability to define and implement necessary underwriting and administrative processes/workflows
Proven track record of developing and underwriting profitable Surety business
About Us Pay Philosophy:
The typical starting salary range for this role is determined by factors including skills, experience, education, certifications and location. The full salary range reflects the competitive labor market value for all employees in these positions nationally and provides an opportunity to progress as employees grow. Some roles may include commission and/or bonus earnings based on the compensation plan.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering benefits that support life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices
California
Los Angeles Incorporated
Los Angeles Unincorporated
Philadelphia
San Francisco
#J-18808-Ljbffr