Liberty Mutual Insurance
Executive Underwriter, Excess Casualty
Liberty Mutual Insurance, Hartford, Connecticut, us, 06112
Overview
Executive Underwriter, Excess Casualty — Liberty Mutual Insurance Base pay range: $89,000.00/yr - $247,000.00/yr Responsibilities
Responsible for a profitable book of insurance business by marketing, managing, underwriting, and appropriately evaluating the acceptability of risks within delegated authority levels. Partner with agents and brokers to manage a complex book of excess liability business. Demonstrates decision-making authority, recommending quality exceptions where appropriate to maximize profitability and meet business plans. Support marketing activities to agents and actively participate in the agency management process. Responsible for working with and protecting confidential and proprietary customer and Company information. Risk Selection: Review, rate, underwrite, evaluate, or assess the business applying for insurance by qualifying accounts, identifying, selecting and assessing risks, determining the premium, policy terms and conditions, obtaining approvals, creating/presenting the proposal to the agent/broker, and negotiating deals. Agent/Broker Relationships: Maintain responsive service and develop relationships with Key Agents and Brokers to facilitate marketing of products, build a long-term quality pipeline. Portfolio Management: Manage a sizable and complex book by analyzing the portfolio, identifying opportunities for growth and profitability, and executing marketing plans to increase market share. Documenting the Deal: Document files reflecting a solid thought process and decision making through comprehensive account reviews, sign-offs and referrals in compliance with state regulations and underwriting guidelines. Leadership: Guide, mentor, and coach underwriters and analysts in technical and professional skills; provide updates to colleagues as needed. Continuous Improvement: Participate in continuous improvement activities and use related tools to support the team. Qualifications
Intermediate-level knowledge of insurance products/coverage, underwriting, pricing, risk selection, market segments and marketplace; insurance finance and actuarial concepts; loss control/risk engineering; marketing techniques, regulatory environment and reinsurance; advanced-level knowledge of territory management. Ability to apply underwriting/appetite, tools, systems, and resources to achieve goals; strong problem-solving and negotiation skills; typically require a related bachelor’s degree, eight to ten years of relevant experience; CPCU or professional insurance designation strongly preferred. 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 market value and provides opportunity to progress. Some roles may include commission and/or bonuses as described in the compensation plan. As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. We strive to create an environment where employees can succeed professionally and personally. We are dedicated to fostering an inclusive environment and value employee feedback. We offer benefits to support life and well-being. For more about our benefits, please visit: https://LMI.co/Benefits Liberty Mutual is an equal opportunity employer. We do not discriminate on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran status, pregnancy, genetic information, or any other basis prohibited by law. Fair Chance Notices California Los Angeles Incorporated Los Angeles Unincorporated Philadelphia San Francisco
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Executive Underwriter, Excess Casualty — Liberty Mutual Insurance Base pay range: $89,000.00/yr - $247,000.00/yr Responsibilities
Responsible for a profitable book of insurance business by marketing, managing, underwriting, and appropriately evaluating the acceptability of risks within delegated authority levels. Partner with agents and brokers to manage a complex book of excess liability business. Demonstrates decision-making authority, recommending quality exceptions where appropriate to maximize profitability and meet business plans. Support marketing activities to agents and actively participate in the agency management process. Responsible for working with and protecting confidential and proprietary customer and Company information. Risk Selection: Review, rate, underwrite, evaluate, or assess the business applying for insurance by qualifying accounts, identifying, selecting and assessing risks, determining the premium, policy terms and conditions, obtaining approvals, creating/presenting the proposal to the agent/broker, and negotiating deals. Agent/Broker Relationships: Maintain responsive service and develop relationships with Key Agents and Brokers to facilitate marketing of products, build a long-term quality pipeline. Portfolio Management: Manage a sizable and complex book by analyzing the portfolio, identifying opportunities for growth and profitability, and executing marketing plans to increase market share. Documenting the Deal: Document files reflecting a solid thought process and decision making through comprehensive account reviews, sign-offs and referrals in compliance with state regulations and underwriting guidelines. Leadership: Guide, mentor, and coach underwriters and analysts in technical and professional skills; provide updates to colleagues as needed. Continuous Improvement: Participate in continuous improvement activities and use related tools to support the team. Qualifications
Intermediate-level knowledge of insurance products/coverage, underwriting, pricing, risk selection, market segments and marketplace; insurance finance and actuarial concepts; loss control/risk engineering; marketing techniques, regulatory environment and reinsurance; advanced-level knowledge of territory management. Ability to apply underwriting/appetite, tools, systems, and resources to achieve goals; strong problem-solving and negotiation skills; typically require a related bachelor’s degree, eight to ten years of relevant experience; CPCU or professional insurance designation strongly preferred. 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 market value and provides opportunity to progress. Some roles may include commission and/or bonuses as described in the compensation plan. As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. We strive to create an environment where employees can succeed professionally and personally. We are dedicated to fostering an inclusive environment and value employee feedback. We offer benefits to support life and well-being. For more about our benefits, please visit: https://LMI.co/Benefits Liberty Mutual is an equal opportunity employer. We do not discriminate on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran status, pregnancy, genetic information, or any other basis prohibited by law. Fair Chance Notices California Los Angeles Incorporated Los Angeles Unincorporated Philadelphia San Francisco
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