What are the responsibilities and job description for the Underwriter position at Liberty Mutual Insurance?
Schedule : Full-Time
Salary Range : USD $97000.00 - $247000.00
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
Major Accounts Property is responsible for monoline property accounts with minimum account Total Insured Value is $300m with actual average inforce account Total Insured Value being more than $1b. For an assigned book of the largest and most complex large single carrier commercial property accounts, analyzes the customer's property exposures, hazards, financial information, requested coverages, loss history, pricing targets and desired program structure to select business and determine appropriate terms and conditions. Will work closely with Risk Engineering to produce and manage a profitable book of business and manage producer / customer relationships. Maintains the highest level of skills / knowledge in the large property space with average account annual premium of more than $1.2m. Shares underwriting expertise with other underwriters and stakeholders across all levels.
Responsibilities
- Manages portfolio of brokers / agents & clients. Leverages market presence and expertise to develop and underwrite profitable business, acting as a representative for Liberty.
- Has relationships with senior / market-leading brokers and / or key agents. Maintains a strong market presence, including established relationships with agents and brokers.
- Looks to strengthen these relationships and develop new ones.
- Articulates key coverage differences with a high degree of detail. Provides significant input into the business and marketing planning process, including advanced data-driven insights from portfolio analysis.
- Participates in projects across departments designed to drive underwriting and process excellence (e.g., member of a working team).
- Models effective collaboration across teams, stakeholders and partners (e.g., UW Support, Claims, Actuarial, Directors of Underwriting in North America).
- Has strong knowledge of key legal cases, legislation and regulation impacting area(s) of underwriting expertise. Shares knowledge based on technical expertise, including providing external thought-leadership.
- Mentors, coaches, and trains other underwriters and internal partners.
Qualifications
Prior single carrier property underwriting experience preferred.
Prior experience working with property risk engineering and / or loss prevention preferred.
Prior property facultative reinsurance or shared and layer property experience also will be considered.
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
Employment Type : Full Time
Salary : $97,000 - $247,000
