Executive Underwriter, Equipment Breakdown

Liberty Mutual Insurance•Kansas City, MO

About The Position

Liberty Mutual is seeking an Equipment Breakdown Underwriter to contribute to a fast-growing business. The Equipment Breakdown team writes monoline, internal reinsurance, and external reinsurance, and has experienced rapid growth. As an underwriter, you will directly contribute to the goal of doubling the business in the next several years. This role is responsible for developing, growing, and maintaining a profitable, diversified book of business through marketing, underwriting decision making, building mutually beneficial agent/broker relationships, establishing a market-facing leadership presence, and applying underwriting tools, systems, and expert resources. The position also involves guiding and mentoring less experienced underwriters, including providing regular employee coaching and feedback to management. The company is considering candidates for Senior or Executive level positions, depending on their experience.

Requirements

A minimum of 7 years expected, typically 10 years or more, of progressive underwriting experience and/or other related business experience
Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility
Demonstrated ability to communicate complex analyses and information in understandable written and/or oral directives to other persons in the organization for underwriting or training purposes
Demonstrated effective communication and interpersonal skills in dealing with internal and external stakeholders
Must demonstrate comprehension of most complex technical underwriting issues and be capable of defining and implementing necessary underwriting and administrative processes/workflows to properly manage or administer those issues
Proven track record of developing and underwriting profitable business

Nice To Haves

CPCU or professional insurance designation preferred

Responsibilities

Risk Selection: Reviews, rates, underwrites, evaluates, or assesses the business applying for insurance by qualifying accounts, identifying, selecting and assessing risks, determining the premium, policy terms and conditions, obtaining approvals, creating/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 or enhanced knowledge of their customers businesses. Develops strong personal brand to build and maintain a long term quality pipeline with Agents/Brokers.
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 to market and cross market.
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.