Liberty Mutual Surety™
Senior Surety Underwriter, Small to Mid Commercial
Liberty Mutual Surety™, Milwaukee, Wisconsin, United States, 53244
Senior Surety Underwriter, Small to Mid Commercial
Base pay range: $68,000.00/yr - $194,000.00/yr
Liberty Mutual Surety is currently recruiting for a Senior Surety Underwriter to join our Small to Mid Commercial team, preferably in our Warrenville, IL office. We will consider candidates in the other locations listed.
As a Senior Surety Underwriter you will develop and underwrite profitable surety business, and service independent agents, brokers, and small to mid commercial accounts within an assigned territory. Using your 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 complex accounts based on level of role. Conduct thorough evaluations of a customer’s financial, technical, organizational, and management capacities, including experience, objectives, and character.
Manage the profitability and retention of an assigned book of business while developing 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 financial position of accounts and monitor risk through analysis of quarterly statements and work in progress data.
Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines and identify opportunities across agents and brokers, leveraging domestic and global capabilities.
Coordinate and surface underwriting/accounting/workflow issues within the framework of Surety policies and procedures; manage related investigations and analyses.
Assess changes in business aspects (e.g., work program to financial strength criteria, inherent risk, data flow accuracy/timeliness, exposure analyses) and coordinate with Home Office Underwriters and Field Management.
Assist in evaluating business continuity arrangements and funding mechanisms to preclude financial impact in the event of owner demise or other insurable loss.
Mentor junior staff as applicable based on level.
Perform special projects and other duties as assigned.
Qualifications
Bachelor's degree in Finance, Accounting or equivalent; 5+ years experience, preferably 7+ years in surety underwriting and/or related business. Strong preference for small to mid commercial Surety product line.
Solid understanding of financial and accounting principles with sound business judgment in evaluating financial condition and credit history.
Proven analytical ability to evaluate and judge surety underwriting risks within scope of responsibility.
AFSB certification preferred.
Strong ability to communicate complex analyses clearly in writing and/or verbally for underwriting or training purposes.
Strong communication and interpersonal skills; excellent organizational skills and attention to detail.
Salary and level based on experience and location.
About Us Pay Philosophy: The typical starting salary range for this role is determined by skills, experience, education, certifications and location. The full salary range reflects the competitive labor market value for all employees in these positions across the national market and allows progression as employees grow and develop within the role.
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 seek to create an environment where employees can succeed, both professionally and personally.
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 any basis prohibited by law.
Fair Chance Notices
California
Los Angeles Incorporated
Los Angeles Unincorporated
Philadelphia
San Francisco
Seniority level Not Applicable
Employment type Full-time
Job function Finance
Industries Insurance
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Liberty Mutual Surety is currently recruiting for a Senior Surety Underwriter to join our Small to Mid Commercial team, preferably in our Warrenville, IL office. We will consider candidates in the other locations listed.
As a Senior Surety Underwriter you will develop and underwrite profitable surety business, and service independent agents, brokers, and small to mid commercial accounts within an assigned territory. Using your 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 complex accounts based on level of role. Conduct thorough evaluations of a customer’s financial, technical, organizational, and management capacities, including experience, objectives, and character.
Manage the profitability and retention of an assigned book of business while developing 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 financial position of accounts and monitor risk through analysis of quarterly statements and work in progress data.
Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines and identify opportunities across agents and brokers, leveraging domestic and global capabilities.
Coordinate and surface underwriting/accounting/workflow issues within the framework of Surety policies and procedures; manage related investigations and analyses.
Assess changes in business aspects (e.g., work program to financial strength criteria, inherent risk, data flow accuracy/timeliness, exposure analyses) and coordinate with Home Office Underwriters and Field Management.
Assist in evaluating business continuity arrangements and funding mechanisms to preclude financial impact in the event of owner demise or other insurable loss.
Mentor junior staff as applicable based on level.
Perform special projects and other duties as assigned.
Qualifications
Bachelor's degree in Finance, Accounting or equivalent; 5+ years experience, preferably 7+ years in surety underwriting and/or related business. Strong preference for small to mid commercial Surety product line.
Solid understanding of financial and accounting principles with sound business judgment in evaluating financial condition and credit history.
Proven analytical ability to evaluate and judge surety underwriting risks within scope of responsibility.
AFSB certification preferred.
Strong ability to communicate complex analyses clearly in writing and/or verbally for underwriting or training purposes.
Strong communication and interpersonal skills; excellent organizational skills and attention to detail.
Salary and level based on experience and location.
About Us Pay Philosophy: The typical starting salary range for this role is determined by skills, experience, education, certifications and location. The full salary range reflects the competitive labor market value for all employees in these positions across the national market and allows progression as employees grow and develop within the role.
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 seek to create an environment where employees can succeed, both professionally and personally.
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 any basis prohibited by law.
Fair Chance Notices
California
Los Angeles Incorporated
Los Angeles Unincorporated
Philadelphia
San Francisco
Seniority level Not Applicable
Employment type Full-time
Job function Finance
Industries Insurance
#J-18808-Ljbffr