Liberty Mutual Surety™
Senior Surety Underwriter, Small to Mid Commercial
Liberty Mutual Surety™, Sioux Falls, South Dakota, United States, 57102
Senior Surety Underwriter, Small to Mid Commercial
Base pay range: $68,000.00/yr - $194,000.00/yr
Description
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 listed locations. As a Senior Surety Underwriter you will develop and underwrite profitable surety business, serving independent agents, brokers, and small to mid commercial accounts within an assigned territory. Using your excellent relationship skills, you will build and maintain positive partnerships with agents, brokers, and accounts as a trusted advisor and underwriting resource. You will also use your business and financial acumen to perform primary credit underwriting and 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. Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the world’s largest globally surety, providing bonds in over 60 countries for construction firms, manufacturers, suppliers, and commercial enterprises on an account and transactional basis.
Responsibilities
Underwrite and negotiate accounts to maximize profitability whilst minimizing risk, including complex accounts. Conduct thorough evaluations and assessments of a customer’s financial, technical, organizational, and management capacities, including experience and desired objectives.
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 both a static and trend basis to determine the present and historical financial position of accounts and monitor risk through analysis of quarterly statements and work‑in‑progress data.
Stay current on Liberty Mutual Surety and Global Risk Solutions product lines, identify and promote opportunities across agents and brokers, leveraging domestic and global capabilities.
Investigate, analyze, and manage all necessary underwriting, accounting, and workflow issues within the framework of surety policies and procedures.
Assess and identify changes in all business aspects, coordinate and surface issues to Home Office Underwriters and Field Management.
Assist in evaluating business continuity arrangements and funding mechanisms to prevent financial drain of customers in the event of owner or other insurable loss.
Mentor more junior staff based on level.
Perform special projects and other duties as assigned.
Qualifications
Bachelor’s degree in Finance, Accounting or equivalent and a minimum of 5 years experience expected, preferably 7 or more years surety underwriting experience, and/or equivalent surety related business experience. Strong preference for small to mid commercial surety product line.
Solid understanding of financial and accounting principles and ability to demonstrate sound business judgment in evaluating the financial condition and credit history.
Proven analytical ability to evaluate and judge surety underwriting risks within scope of responsibility.
AFSB certification preferred.
Ability to communicate complex analyses and information in understandable written and/or oral directives for underwriting training purposes.
Strong communication and interpersonal skills.
Excellent organizational skills and attention to detail.
Salary and level based on experience and location.
About Us Liberty Mutual is a purpose‑driven organization 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.
As a purpose‑driven organization, 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 dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), we create an environment where every individual can make a meaningful impact.
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 federal, state or local law.
Fair Chance Notices
California
Los Angeles Incorporated
Los Angeles Unincorporated
Philadelphia
San Francisco
#J-18808-Ljbffr
Description
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 listed locations. As a Senior Surety Underwriter you will develop and underwrite profitable surety business, serving independent agents, brokers, and small to mid commercial accounts within an assigned territory. Using your excellent relationship skills, you will build and maintain positive partnerships with agents, brokers, and accounts as a trusted advisor and underwriting resource. You will also use your business and financial acumen to perform primary credit underwriting and 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. Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the world’s largest globally surety, providing bonds in over 60 countries for construction firms, manufacturers, suppliers, and commercial enterprises on an account and transactional basis.
Responsibilities
Underwrite and negotiate accounts to maximize profitability whilst minimizing risk, including complex accounts. Conduct thorough evaluations and assessments of a customer’s financial, technical, organizational, and management capacities, including experience and desired objectives.
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 both a static and trend basis to determine the present and historical financial position of accounts and monitor risk through analysis of quarterly statements and work‑in‑progress data.
Stay current on Liberty Mutual Surety and Global Risk Solutions product lines, identify and promote opportunities across agents and brokers, leveraging domestic and global capabilities.
Investigate, analyze, and manage all necessary underwriting, accounting, and workflow issues within the framework of surety policies and procedures.
Assess and identify changes in all business aspects, coordinate and surface issues to Home Office Underwriters and Field Management.
Assist in evaluating business continuity arrangements and funding mechanisms to prevent financial drain of customers in the event of owner or other insurable loss.
Mentor more junior staff based on level.
Perform special projects and other duties as assigned.
Qualifications
Bachelor’s degree in Finance, Accounting or equivalent and a minimum of 5 years experience expected, preferably 7 or more years surety underwriting experience, and/or equivalent surety related business experience. Strong preference for small to mid commercial surety product line.
Solid understanding of financial and accounting principles and ability to demonstrate sound business judgment in evaluating the financial condition and credit history.
Proven analytical ability to evaluate and judge surety underwriting risks within scope of responsibility.
AFSB certification preferred.
Ability to communicate complex analyses and information in understandable written and/or oral directives for underwriting training purposes.
Strong communication and interpersonal skills.
Excellent organizational skills and attention to detail.
Salary and level based on experience and location.
About Us Liberty Mutual is a purpose‑driven organization 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.
As a purpose‑driven organization, 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 dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), we create an environment where every individual can make a meaningful impact.
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 federal, state or local law.
Fair Chance Notices
California
Los Angeles Incorporated
Los Angeles Unincorporated
Philadelphia
San Francisco
#J-18808-Ljbffr