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Senior Underwriter

Liberty Mutual Insurance
Philadelphia, PA Full Time
POSTED ON 2/12/2025
AVAILABLE BEFORE 5/1/2025

Schedule : Full-Time

Salary Range : USD $68000.00 - $212000.00

Job Category : Underwriting

Pay Philosophy

The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and / or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

Description

The Senior Underwriter will manage a book of renewal property policies within their underwriting authority, with guidance from different levels of the business unit. Makes decisions on whether to underwrite new business by making analytical, data-driven decisions including pricing the risk with a keen eye on profitability. In this role you will be likely to underwrite complex and unusual policies, including primary layers, excess CAT layers, and large, non-CAT layers.

Responsibilities :

  • Manages portfolio of brokers / agents and clients. Leverages market presence and knowledge to develop and underwrite profitable business, acting as a representative for Liberty Mutual.
  • Maintains a strong market presence, including established relationships with agents and brokers. Looks to strengthen these relationships and develop new ones.
  • Contributes ideas for product development and participates in development and execution. Contributes to team projects (e.g., process / tool improvement). Understands the work implications of relevant legislation and regulation.
  • Collaborates effectively across teams, stakeholders, and partners (e.g., UW Support, Claims, Risk Control, Actuarial, Directors of Underwriting).
  • Mentors junior underwriters and new hires (not as a line manager).
  • May analyze the department`s portfolio and make suggestions for development.
  • May recognize and communicate emerging trends of exposures within line of business expertise.

Qualifications

  • Degree in Business or equivalent typically required
  • A minimum of 2.5 years, typically 3 or more years, of progressive property underwriting experience and / or other related experience
  • CPCU or professional insurance designation preferred
  • Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility that includes competence with all phases and aspects of the underwriting process, and proficiency in the use of qualitative and quantitative tools and techniques
  • Must demonstrate comprehension of complex technical underwriting issues and be capable of defining and implementing necessary underwriting and administrative processes / workflows to properly manage or administer those issues
  • Proven track record of developing and underwriting profitable business
  • About Us

    As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.

    At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.

    We are proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.

    We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being.

    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
  • Employment Type : Full Time

    Salary : $68,000 - $212,000

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