Liberty Mutual Surety™
Surety Executive Underwriter - Large Contract
Liberty Mutual Surety™, Mahwah, New Jersey, us, 07495
Overview
Liberty Mutual Surety is currently recruiting for a Surety Executive Underwriter to join our Northeast Large Contract team. As a Surety Executive Underwriter you will develop and underwrite profitable surety business, and service independent agents, brokers, and large contract accounts within an assigned territory. 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. Responsibilities
Underwrite and negotiate accounts to maximize profitability whilst minimizing risk, including the most complex accounts based on level of responsibility. Conduct thorough evaluations of a customer’s financial, technical, organizational, and management capacities, including experience and objectives, as well as an assessment 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 current and historical financial position of accounts and monitor 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. Investigate, analyze, and manage underwriting, accounting, and workflow issues within the framework of Surety policies and procedures. Assess changes in business aspects including work programs, financial strength criteria, inherent risk, data flow accuracy/timeliness, and exposure analyses. Coordinate and surface issues to Home Office Underwriters and Field Management. Assist in evaluating business continuity arrangements and funding mechanisms to preclude financial drain in the event of a ownership change or other insurable loss. Mentor more junior staff as appropriate to level. Perform special projects and other duties as assigned. Qualifications
Bachelor's degree in Finance, Accounting or equivalent with a minimum of 7 years of experience expected; preferably 10+ years of surety underwriting experience and/or equivalent surety related business experience. Strong preference for large contract surety product line. Solid understanding of financial and accounting principles and the ability to demonstrate 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 and information in understandable written and/or oral form for underwriting or training purposes. Strong communication and interpersonal skills. Excellent organizational skills and attention to detail. Salary and level are based on experience and location. 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 across the national market and provides opportunities to progress as employees grow. Some roles may include commission and/or bonus earnings based on the compensation plan for the role. 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 other basis prohibited by law. We are committed to fostering an inclusive environment with strong relationships, comprehensive benefits, and continuous learning opportunities. For benefit details, please visit: https://LMI.co/Benefits Location & Additional Information
New York/New Jersey area positions with potential travel within the Northeast region. This role represents a leadership opportunity within Liberty Mutual Surety but may also involve collaboration with Global Risk Solutions. Liberty Mutual Surety is a business unit of Liberty Mutual Insurance and one of the world’s largest global surety providers, offering bonds in over 60 countries. Fair Chance Notices: California; Los Angeles; Los Angeles Unincorporated; Philadelphia; San Francisco.
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Liberty Mutual Surety is currently recruiting for a Surety Executive Underwriter to join our Northeast Large Contract team. As a Surety Executive Underwriter you will develop and underwrite profitable surety business, and service independent agents, brokers, and large contract accounts within an assigned territory. 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. Responsibilities
Underwrite and negotiate accounts to maximize profitability whilst minimizing risk, including the most complex accounts based on level of responsibility. Conduct thorough evaluations of a customer’s financial, technical, organizational, and management capacities, including experience and objectives, as well as an assessment 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 current and historical financial position of accounts and monitor 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. Investigate, analyze, and manage underwriting, accounting, and workflow issues within the framework of Surety policies and procedures. Assess changes in business aspects including work programs, financial strength criteria, inherent risk, data flow accuracy/timeliness, and exposure analyses. Coordinate and surface issues to Home Office Underwriters and Field Management. Assist in evaluating business continuity arrangements and funding mechanisms to preclude financial drain in the event of a ownership change or other insurable loss. Mentor more junior staff as appropriate to level. Perform special projects and other duties as assigned. Qualifications
Bachelor's degree in Finance, Accounting or equivalent with a minimum of 7 years of experience expected; preferably 10+ years of surety underwriting experience and/or equivalent surety related business experience. Strong preference for large contract surety product line. Solid understanding of financial and accounting principles and the ability to demonstrate 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 and information in understandable written and/or oral form for underwriting or training purposes. Strong communication and interpersonal skills. Excellent organizational skills and attention to detail. Salary and level are based on experience and location. 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 across the national market and provides opportunities to progress as employees grow. Some roles may include commission and/or bonus earnings based on the compensation plan for the role. 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 other basis prohibited by law. We are committed to fostering an inclusive environment with strong relationships, comprehensive benefits, and continuous learning opportunities. For benefit details, please visit: https://LMI.co/Benefits Location & Additional Information
New York/New Jersey area positions with potential travel within the Northeast region. This role represents a leadership opportunity within Liberty Mutual Surety but may also involve collaboration with Global Risk Solutions. Liberty Mutual Surety is a business unit of Liberty Mutual Insurance and one of the world’s largest global surety providers, offering bonds in over 60 countries. Fair Chance Notices: California; Los Angeles; Los Angeles Unincorporated; Philadelphia; San Francisco.
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