Executive Underwriter, Loss Sensitive - Large Construction

Liberty Mutual Insurance•San Diego, CA

18h

About The Position

Our Home Office Construction team is seeking an Executive Underwriter to join our high-performing team working with large accounts, complex wrap-ups, and joint venture projects countrywide. This opportunity would focus on and be responsible for growing and developing our Southern California region while also maintaining a profitable book of business through effective underwriting decision making, mutually beneficial customer/broker relationships, and application of underwriting tools, systems, and expert resources. The role involves guiding and mentoring less-experienced underwriters in their respective areas of expertise, including regular employee coaching and feedback to the manager on the employee's progress, and participating in regular projects that further the goals of the department and the company. Key aspects include Risk Selection, where the underwriter 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. The position also focuses on Agent/Broker Relationships, demonstrating a high level of responsiveness and support for Key Agents and Brokers objectives, establishing and maintaining successful relationships to facilitate marketing of products through responsive service, site visits, in-person renewal meetings, or enhanced knowledge of their customers' businesses, and developing a strong personal brand to build and maintain a long-term quality pipeline. Portfolio Management is a critical component, involving managing a sizable and complex 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 making marketing calls to preferred brokers to market and cross-market, as well as providing input to the development of marketing plans, product analysis, services, geographic focus, and broker intelligence. Accurate Documenting the Deal is required, ensuring files reflect 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. Finally, the role encompasses Leadership, formally guiding, mentoring, and coaching underwriters and account analysts in both technical and professional skills, demonstrating multiple areas of expertise, and providing regular updates to other underwriters.

Requirements

Construction Casualty underwriting experience strongly preferred
Degree in Business or equivalent is typically required
Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility that includes competence with all phases and aspects of the underwriting process, and proficiency in the use of qualitative and quantitative tools and techniques
Must demonstrate comprehension of 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

A minimum of 5 years underwriting experience is preferred
CPCU or professional insurance designation preferred

Responsibilities

Grow and develop the Southern California region while maintaining a profitable book of business through effective underwriting decision making, mutually beneficial customer/broker relationships, and application of underwriting tools, systems, and expert resources.
Guide and mentor less-experienced underwriters in their respective areas of expertise, including regular employee coaching and feedback to the manager on the employee's progress.
Participate in regular projects that further the goals of the department and the company.
Review, rate, underwrite, evaluate, or assess 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.
Demonstrate a high level of responsiveness and focus on supporting Key Agents and Brokers objectives.
Establish, develop, and maintain successful relationships with Key Agents and Brokers to facilitate marketing of products, through responsive service, site visits, in person renewal meetings or enhanced knowledge of their customers businesses.
Develop strong personal brand to build and maintain a long-term quality pipeline with Key Agents/Brokers.
Manage a sizable and complex 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 making marketing calls to preferred brokers to market and cross market.
Provide input to the development of marketing plans, product analysis, services, geographic focus and broker intelligence.
Document 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.
Formally guide, mentor, and coach underwriters and account analysts in both technical and professional skills.
Demonstrate multiple areas of expertise and provide regular updates to other underwriters.