Liberty Mutual Insurance
Executive Underwriter, Inland Marine
Liberty Mutual Insurance, Chicago, Illinois, United States, 60290
Overview
Inland Marine Underwriter on the GRS Inland Marine team. You will underwrite a diversified book of inland marine with a focus on Builder’s Risk and Construction Property. You’ll partner with agents, brokers, risk engineers and claims to evaluate complex, high-value placements, price risk, set terms and conditions, negotiate deals, and manage account performance to maximize profitability and achieve strategic growth. Compensation
Liberty Mutual Insurance provided pay range. This range is provided by Liberty Mutual Insurance. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range $81,000.00/yr - $225,000.00/yr What you’ll do
Manage a portfolio of inland marine accounts, with emphasis on Builder’s Risk, including project-based policies (single project and Master Builder’s Risk programs). Analyze construction schedules, project values, contract types (GC/CM, Design-Build, EPC), contractor/subcontractor quality, site conditions, testing & commissioning exposures, soft-costs and delay-in-start-up exposures to develop appropriate pricing and terms. Underwrite a full range of inland marine products (e.g. builders’ risk, contractors’ equipment, installation/erection) and tailor coverage forms, limits, sublimits, and endorsements to client needs. Partner with risk engineers to identify loss drivers and actionable loss-control recommendations (security, temporary protections, hot-work controls, commissioning protocols) and incorporate these into bind conditions. Use data, analytics and field intelligence to set premiums, monitor portfolio profitability, and identify cross-sell and diversification opportunities. Maintain clear, responsive relationships with brokers and agents; present proposals, obtain approvals and close business. Document underwriting rationale and comply with underwriting guidelines, authority limits and governance processes. Qualifications
5+ years of relevant experience. Experience with Inland Marine or multi-line insurance products. A desire to interact with brokers, agents and Liberty customers. Skills
Analytical, problem-solving capabilities. Strong territory management skills. Excellent communication skills. Ability to develop a marketing plan to travel and meet regularly with key business contacts both internal and external. Aptitude for building rewarding relationships with agents, brokers, peer underwriters and underwriting assistants. Knowledge
Command of insurance finance and actuarial concepts. Thorough knowledge of commercial insurance products, underwriting, risk selection, pricing and marketplaces, and regulatory issues in relevant territories. Understanding of contract language, including regulatory and policy differences among applicable states. Familiarity with continuous improvement processes and tools. Education
A bachelor’s degree in a related field. About Us
Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range reflects the competitive labor market value and provides an opportunity to progress as employees grow and develop within the role. Some roles may include commission and/or bonus earnings as per 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 seek to create an environment where employees can succeed professionally and personally. We value hard work, integrity and commitment to improvement, and offer benefits to support life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits 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. Equal Opportunity and Notice
Fair Chance Notices: California Los Angeles Incorporated Los Angeles Unincorporated Philadelphia San Francisco Job Details
Seniority level: Not Applicable Employment type: Full-time Job function: Finance Industries: Insurance Referrals increase your chances of interviewing. Get notified about new Executive Underwriter jobs in Chicago, IL.
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Inland Marine Underwriter on the GRS Inland Marine team. You will underwrite a diversified book of inland marine with a focus on Builder’s Risk and Construction Property. You’ll partner with agents, brokers, risk engineers and claims to evaluate complex, high-value placements, price risk, set terms and conditions, negotiate deals, and manage account performance to maximize profitability and achieve strategic growth. Compensation
Liberty Mutual Insurance provided pay range. This range is provided by Liberty Mutual Insurance. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range $81,000.00/yr - $225,000.00/yr What you’ll do
Manage a portfolio of inland marine accounts, with emphasis on Builder’s Risk, including project-based policies (single project and Master Builder’s Risk programs). Analyze construction schedules, project values, contract types (GC/CM, Design-Build, EPC), contractor/subcontractor quality, site conditions, testing & commissioning exposures, soft-costs and delay-in-start-up exposures to develop appropriate pricing and terms. Underwrite a full range of inland marine products (e.g. builders’ risk, contractors’ equipment, installation/erection) and tailor coverage forms, limits, sublimits, and endorsements to client needs. Partner with risk engineers to identify loss drivers and actionable loss-control recommendations (security, temporary protections, hot-work controls, commissioning protocols) and incorporate these into bind conditions. Use data, analytics and field intelligence to set premiums, monitor portfolio profitability, and identify cross-sell and diversification opportunities. Maintain clear, responsive relationships with brokers and agents; present proposals, obtain approvals and close business. Document underwriting rationale and comply with underwriting guidelines, authority limits and governance processes. Qualifications
5+ years of relevant experience. Experience with Inland Marine or multi-line insurance products. A desire to interact with brokers, agents and Liberty customers. Skills
Analytical, problem-solving capabilities. Strong territory management skills. Excellent communication skills. Ability to develop a marketing plan to travel and meet regularly with key business contacts both internal and external. Aptitude for building rewarding relationships with agents, brokers, peer underwriters and underwriting assistants. Knowledge
Command of insurance finance and actuarial concepts. Thorough knowledge of commercial insurance products, underwriting, risk selection, pricing and marketplaces, and regulatory issues in relevant territories. Understanding of contract language, including regulatory and policy differences among applicable states. Familiarity with continuous improvement processes and tools. Education
A bachelor’s degree in a related field. About Us
Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range reflects the competitive labor market value and provides an opportunity to progress as employees grow and develop within the role. Some roles may include commission and/or bonus earnings as per 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 seek to create an environment where employees can succeed professionally and personally. We value hard work, integrity and commitment to improvement, and offer benefits to support life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits 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. Equal Opportunity and Notice
Fair Chance Notices: California Los Angeles Incorporated Los Angeles Unincorporated Philadelphia San Francisco Job Details
Seniority level: Not Applicable Employment type: Full-time Job function: Finance Industries: Insurance Referrals increase your chances of interviewing. Get notified about new Executive Underwriter jobs in Chicago, IL.
#J-18808-Ljbffr