Liberty Mutual Insurance
Executive Underwriter, Equipment Breakdown
Liberty Mutual Insurance, New York, New York, us, 10261
Join to apply for the
Executive Underwriter, Equipment Breakdown
role at
Liberty Mutual Insurance
Base pay range $75,000.00/yr - $247,000.00/yr
Description Are you looking for an opportunity to significantly contribute to a fast growing business? Then a Liberty Mutual Equipment Breakdown underwriter might be right for you. Our Equipment Breakdown team writes monoline, internal reinsurance, and external reinsurance. We have experienced rapid growth in the past several years and as an underwriter, you will help directly contribute to our goal of doubling our business in the next several years.
Responsible for developing, growing, and maintaining a profitable, diversified book of business through marketing, underwriting decision making, building mutually beneficial agent/brokers relationships and establishing a marker-facing leadership presence, and application of underwriting tools, systems, and expert resources. Guides/mentors less experienced underwriters in their respective area of expertise, including regular employee coaching with feedback to the manager on progress of the employee.
Responsibilities
Risk Selection: reviews, rates, underwrites, evaluates the business applying for insurance by qualifying accounts, selecting and assessing risks, determining the premium, policy terms and conditions, obtaining approvals, creating and presenting the proposal to the agent/broker, and successfully negotiating deals.
Agent/Broker Relationships: demonstrates a high level of responsiveness and focus on supporting Agents and Brokers objectives; establishes, develops, and maintains successful relationships with Agents and Brokers to facilitate marketing of products through responsive service, site visits, in-person renewal meetings, and enhanced knowledge of their customers' businesses. Develops a strong personal brand to build a long-term quality pipeline.
Portfolio Management: manages a book of business by analyzing the portfolio, identifying areas of opportunity for improved growth, profit, and diversification, and executing marketing plans to increase market share by attending and making marketing calls to brokers.
Documenting the Deal: documents files in a way that reflects a solid thought process and decision making through comprehensive account reviews, sign-offs and referrals that comply with state regulations, letter of authority, and underwriting guidelines.
Leadership: formally and informally guides, mentors, and coaches underwriters and account analysts in both technical and professional skills.
Continuous Improvement: actively participates in continuous improvement by participating in problem solving activities and using continuous improvement tools to support the work of the team.
Qualifications Advanced-level knowledge of insurance products/coverage, underwriting, pricing, risk selection, market segments and marketplace; insurance finance and actuarial concepts; loss control/risk engineering; marketing techniques, regulatory environment and reinsurance; advanced-level knowledge of territory management. Ability to apply underwriting appetite, tools, systems, and resources to achieve goals, solve complex problems, establish and build healthy working relationships, participate in mentoring relationships, and negotiate. Requires a related bachelor’s degree and four to seven years of relevant experience preferred; CPCU or professional insurance designation preferred.
About Us As a purpose-driven organization, Liberty Mutual is 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. We value your hard work, integrity, and commitment to make things better, and we put people first by offering benefits that support your life and well-being. For more information, 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 on 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
Executive Underwriter, Equipment Breakdown
role at
Liberty Mutual Insurance
Base pay range $75,000.00/yr - $247,000.00/yr
Description Are you looking for an opportunity to significantly contribute to a fast growing business? Then a Liberty Mutual Equipment Breakdown underwriter might be right for you. Our Equipment Breakdown team writes monoline, internal reinsurance, and external reinsurance. We have experienced rapid growth in the past several years and as an underwriter, you will help directly contribute to our goal of doubling our business in the next several years.
Responsible for developing, growing, and maintaining a profitable, diversified book of business through marketing, underwriting decision making, building mutually beneficial agent/brokers relationships and establishing a marker-facing leadership presence, and application of underwriting tools, systems, and expert resources. Guides/mentors less experienced underwriters in their respective area of expertise, including regular employee coaching with feedback to the manager on progress of the employee.
Responsibilities
Risk Selection: reviews, rates, underwrites, evaluates the business applying for insurance by qualifying accounts, selecting and assessing risks, determining the premium, policy terms and conditions, obtaining approvals, creating and presenting the proposal to the agent/broker, and successfully negotiating deals.
Agent/Broker Relationships: demonstrates a high level of responsiveness and focus on supporting Agents and Brokers objectives; establishes, develops, and maintains successful relationships with Agents and Brokers to facilitate marketing of products through responsive service, site visits, in-person renewal meetings, and enhanced knowledge of their customers' businesses. Develops a strong personal brand to build a long-term quality pipeline.
Portfolio Management: manages a book of business by analyzing the portfolio, identifying areas of opportunity for improved growth, profit, and diversification, and executing marketing plans to increase market share by attending and making marketing calls to brokers.
Documenting the Deal: documents files in a way that reflects a solid thought process and decision making through comprehensive account reviews, sign-offs and referrals that comply with state regulations, letter of authority, and underwriting guidelines.
Leadership: formally and informally guides, mentors, and coaches underwriters and account analysts in both technical and professional skills.
Continuous Improvement: actively participates in continuous improvement by participating in problem solving activities and using continuous improvement tools to support the work of the team.
Qualifications Advanced-level knowledge of insurance products/coverage, underwriting, pricing, risk selection, market segments and marketplace; insurance finance and actuarial concepts; loss control/risk engineering; marketing techniques, regulatory environment and reinsurance; advanced-level knowledge of territory management. Ability to apply underwriting appetite, tools, systems, and resources to achieve goals, solve complex problems, establish and build healthy working relationships, participate in mentoring relationships, and negotiate. Requires a related bachelor’s degree and four to seven years of relevant experience preferred; CPCU or professional insurance designation preferred.
About Us As a purpose-driven organization, Liberty Mutual is 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. We value your hard work, integrity, and commitment to make things better, and we put people first by offering benefits that support your life and well-being. For more information, 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 on 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