Executive Underwriter, Inland Marine

Liberty Mutual • Minneapolis, MN

65d

About The Position

As an 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 (e.g., contractors' equipment, builders' risk, and other construction property risks). Using analytics and underwriting judgment, you'll price risk, set terms and conditions, negotiate deals, and manage account performance to maximize profitability and achieve strategic growth.

Requirements

• 5 + years of relevant experience
• Experience with Inland Marine or multi-line insurance products
• A desire to interact with brokers, agents and Liberty customers
• Analytical, problem-solving capabilities
• Strong territory management skills
• Excellent communication skills
• The ability to develop a marketing plan to travel and meet regularly with key business contacts both internal and external
• An aptitude for building rewarding relationships with agents and brokers, peer underwriters and underwriting assistant
• Command of insurance finance and actuarial concepts
• Thorough knowledge of commercial insurance products, underwriting, risk selection, pricing and marketplaces, as well as regulatory issues in relevant territories
• Understanding of contract language, including regulatory and policy differences among applicable states
• Familiarity with continuous improvement processes and tools
• A bachelor's degree in a related field

Responsibilities

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 5,001-10,000 employees