Executive Underwriter, Risk Management

Liberty Mutual•Chicago, IL

About The Position

The Executive Underwriter in Major Accounts Risk Management develops, grows, and maintains a profitable, diversified book of loss-sensitive primary casualty business focused on Workers Compensation, General Liability, and Commercial Auto. The role uses marketing, underwriting decisions, agent and broker relationships, market-facing leadership, and underwriting tools, systems, and expert resources to achieve these goals. It also guides and mentors less-experienced underwriters, including providing regular coaching and feedback to the manager on employee progress. The position reviews, rates, underwrites, evaluates, and assesses insurance applications; qualifies accounts; selects and assesses risks; determines program structure, premium, collateral, and policy terms and conditions; obtains approvals; presents proposals to agents and brokers; and negotiates deals. It builds and maintains agent and broker relationships through responsive service, site visits, renewal meetings, and knowledge of customers’ businesses. The underwriter manages a sizable and complex portfolio, identifies opportunities for profitable growth and diversification, and executes marketing plans to increase market share. The role documents underwriting decisions and account reviews in compliance with state regulations, authority limits, and underwriting guidelines. It formally mentors and coaches underwriters and account analysts in technical and professional skills, shares expertise with other underwriters, and participates in continuous-improvement activities and cross-department projects focused on underwriting and process excellence. This is a range posting for a Senior or Executive Underwriter depending on experience.

Requirements

A degree in Business or equivalent is typically required.
A minimum of 7 years of progressive underwriting experience and/or related business experience is expected; typically 10 years or more.
Proven analytical ability to evaluate and judge underwriting risks within the scope of responsibility.
Demonstrated ability to communicate complex analyses and information through understandable written and/or oral directives for underwriting or training purposes.
Effective communication and interpersonal skills when dealing with internal and external stakeholders.
Comprehension of complex technical underwriting issues and the ability to define and implement underwriting and administrative processes or workflows to manage them.
A proven track record of developing and underwriting profitable business.

Nice To Haves

CPCU or another professional insurance designation.

Responsibilities

Develop, grow, and maintain a profitable, diversified book of loss-sensitive primary casualty business focused on Workers Compensation, General Liability, and Commercial Auto.
Review, rate, underwrite, evaluate, and assess insurance applications; qualify accounts; select and assess risks; and determine program structure, premium, collateral, and policy terms and conditions.
Obtain approvals, create and present proposals to agents and brokers, and successfully negotiate deals.
Establish, develop, and maintain agent and broker relationships through responsive service, site visits, in-person renewal meetings, and enhanced knowledge of customers’ businesses.
Build a personal brand and maintain a long-term quality pipeline with agents and brokers.
Manage a sizable and complex book of business by analyzing the portfolio, identifying opportunities for growth, profit, and diversification, and executing marketing plans, including broker calls to market and cross-market.
Document underwriting files, account reviews, sign-offs, and referrals in compliance with state regulations, letter of authority, and underwriting guidelines.
Guide, mentor, and coach underwriters and account analysts in technical and professional skills, and provide regular updates to other underwriters in areas of expertise.
Participate in continuous-improvement activities, problem solving, and high-profile cross-department projects that support underwriting and process excellence.