Liberty Mutual Insurance
Executive Underwriter, Middle Market Life Sciences
Liberty Mutual Insurance, Atlanta, Georgia, United States, 30383
Overview
We are building our dedicated Life Sciences Underwriting team to launch Liberty Mutual's specialized Life Sciences Industry Practice within the Middle Market. Under the leadership of Tory Agnich, Chief Underwriting Officer, Middle Market Life Sciences, our vertical is committed to delivering comprehensive, integrated multi-line Property and Liability insurance solutions tailored to mid-sized companies (R&D stage through $2B insured product/service revenue) spanning biotechnology, pharmaceuticals, medical devices, dietary supplements, analytical laboratories, digital health innovators, cellular and tissue-based products, and the broader ecosystem that supports these companies. This is a unique opportunity for professionals with a genuine passion for the Life Sciences sector to join an innovative, forward-thinking practice, supported by the full breadth of Liberty Mutual's product and service capabilities. Our new underwriting team will collaborate closely with Liberty's Life Sciences Claims and Risk Control professionals to provide unparalleled expertise and service to the Life Sciences community.
This role is a hybrid: 2 days/week in office and 3 days/week WFH. Approximately 25% travel is expected.
Base pay range $81,000.00/yr - $269,000.00/yr
Responsibilities
New Business underwriting for profitable growth. Reviews, evaluates, and underwrites submissions; selects and assesses risks aligned with underwriting strategies and guidelines; rates and determines the premium and policy terms and conditions; utilizes a broad range of supportive tools; obtains underwriting approval (as needed); creates/presents the proposal to the agent/broker; and successfully negotiates deals.
Services accounts after successfully winning the business in coordination with Liberty Account Analyst and Client Service Managers. Meets with insureds and ensures Liberty's value-proposition is upheld.
Manages portfolio of brokers/agents & clients. Develops relationships with agents and brokers to facilitate marketing of products, with responsive service, site visits, in-person renewal meetings, and a strong understanding of what matters most to each Life Sciences deal.
Develops a strong personal brand to build and maintain a long-term quality pipeline with agents and brokers.
Identifies, manages, and solicits pipeline of opportunities for individual success.
Articulates key coverage differences with detail in this specialized space.
Maintains knowledge of key legal cases, legislation and regulation impacting Life Sciences underwriting.
Shares knowledge based on technical expertise, including external thought-leadership.
Mentors, coaches, and trains other underwriters and internal and external partners.
Provides input into business and marketing planning, including data-driven insights from portfolio analysis.
Participates in projects to grow Liberty's Life Sciences Industry Practice and drive underwriting/process excellence.
Collaborates across teams and stakeholders (Distribution, Operations, UW Support, Claims, Actuarial, Directors of Underwriting in North America).
Qualifications
Degree in Business, Risk Management, or Scientific Field or equivalent typically required
A minimum of 7 years expected, typically 10 years or more, of progressive underwriting experience and/or related business experience
A minimum of 5 years of Life Sciences underwriting experience
CPCU or professional insurance designation preferred
Analytical ability to evaluate underwriting risks; advanced knowledge of insurance products, underwriting, pricing, risk selection & assessment, and market dynamics specific to Life Sciences
Proven track record of developing and underwriting profitable Life Sciences business
Ability to communicate complex analyses clearly in written or verbal form for underwriting or training purposes
Effective communication and interpersonal skills with internal and external stakeholders
Ability to manage sophisticated underwriting issues and implement necessary workflows
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 and opportunities for growth.
Liberty Mutual is an equal opportunity employer. We will not discriminate 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 dedicated to fostering an inclusive environment with benefits that support your life and well-being. Learn more about our benefits at: https://LMI.co/Benefits
Seniority level
Not Applicable
Employment type
Full-time
Job function
Finance
Industries: Insurance
Equity and inclusion statements and other legal notices maintained by the employer remain in scope where applicable.
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This role is a hybrid: 2 days/week in office and 3 days/week WFH. Approximately 25% travel is expected.
Base pay range $81,000.00/yr - $269,000.00/yr
Responsibilities
New Business underwriting for profitable growth. Reviews, evaluates, and underwrites submissions; selects and assesses risks aligned with underwriting strategies and guidelines; rates and determines the premium and policy terms and conditions; utilizes a broad range of supportive tools; obtains underwriting approval (as needed); creates/presents the proposal to the agent/broker; and successfully negotiates deals.
Services accounts after successfully winning the business in coordination with Liberty Account Analyst and Client Service Managers. Meets with insureds and ensures Liberty's value-proposition is upheld.
Manages portfolio of brokers/agents & clients. Develops relationships with agents and brokers to facilitate marketing of products, with responsive service, site visits, in-person renewal meetings, and a strong understanding of what matters most to each Life Sciences deal.
Develops a strong personal brand to build and maintain a long-term quality pipeline with agents and brokers.
Identifies, manages, and solicits pipeline of opportunities for individual success.
Articulates key coverage differences with detail in this specialized space.
Maintains knowledge of key legal cases, legislation and regulation impacting Life Sciences underwriting.
Shares knowledge based on technical expertise, including external thought-leadership.
Mentors, coaches, and trains other underwriters and internal and external partners.
Provides input into business and marketing planning, including data-driven insights from portfolio analysis.
Participates in projects to grow Liberty's Life Sciences Industry Practice and drive underwriting/process excellence.
Collaborates across teams and stakeholders (Distribution, Operations, UW Support, Claims, Actuarial, Directors of Underwriting in North America).
Qualifications
Degree in Business, Risk Management, or Scientific Field or equivalent typically required
A minimum of 7 years expected, typically 10 years or more, of progressive underwriting experience and/or related business experience
A minimum of 5 years of Life Sciences underwriting experience
CPCU or professional insurance designation preferred
Analytical ability to evaluate underwriting risks; advanced knowledge of insurance products, underwriting, pricing, risk selection & assessment, and market dynamics specific to Life Sciences
Proven track record of developing and underwriting profitable Life Sciences business
Ability to communicate complex analyses clearly in written or verbal form for underwriting or training purposes
Effective communication and interpersonal skills with internal and external stakeholders
Ability to manage sophisticated underwriting issues and implement necessary workflows
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 and opportunities for growth.
Liberty Mutual is an equal opportunity employer. We will not discriminate 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 dedicated to fostering an inclusive environment with benefits that support your life and well-being. Learn more about our benefits at: https://LMI.co/Benefits
Seniority level
Not Applicable
Employment type
Full-time
Job function
Finance
Industries: Insurance
Equity and inclusion statements and other legal notices maintained by the employer remain in scope where applicable.
#J-18808-Ljbffr