Senior Executive Underwriter

Liberty Mutual Insurance • Chicago, IL

6d • Hybrid

About The Position

Works independently and autonomously (subject to required process oversight).
Serves as "the" leading technical authority within sub-segment on aligned territory or specific product.
Seen as "go-to" advisor on subject matter by colleagues within the segment, including by senior underwriting leaders.
Underwrites policies within underwriting authority.
Make decisions on whether to accept business by making analytical, data-driven decisions based on data and information provided, including pricing the risk.
In parts of North America more likely to underwrite complex/unusual policies - or those of high individual line size - policies assessed will focus on those of highest complexity and/or largest size.
Depending on the part of North America, may hold responsibilities for setting the business plan for portfolio of business.
Manages portfolio of brokers, agents and clients.
Leverages market presence and expertise to develop and underwrite profitable business, acting as a representative for Liberty.
Has relationships with senior/market-leading brokers and/or key agents.
Plays a leading role in the business and marketing planning process, including advanced data-driven insights from portfolio analysis.
Serves as a key driver and thought leader for product development and/or refinement for line of business, based on data insights, research and client interaction.
Participates in highprofile projects across departments designed to drive underwriting and process excellence (e.g., being on a working team).
Models and facilitates effective collaboration across teams, stakeholders and partners (e.g., UW Support, Claims, Actuarial, Directors of Underwriting in GRSNA).
Shares knowledge based on technical expertise, including providing external thought-leadership.
Acts as an exemplary mentor, coach, and trainer for other underwriters and internal partners; supports developing and delivering technical training based on technical expertise.
Acts as a point of escalation on particularly tricky or novel underwriting decisions.
Strong knowledge of key legal cases, legislation and regulation impacting area(s) of underwriting expertise.
Domestic travel required up to 25%.
Telecommuting permitted up to 60%.

Requirements

• Employer will accept a Bachelor's degree (or foreign equivalent) in Accounting, Finance, Business Administration, Risk Management, Law, Legal Studies or related field and 10 years of experience in the job offered or in a Senior Executive Underwriter-related occupation.
• Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility and across product line or territory.
• Demonstrated ability to communicate complex analyses and information.
• Demonstrated effective communication and interpersonal skills in dealing with internal and external partners.
• Demonstrated comprehension of complex technical underwriting issues.
• Defining and implementing necessary underwriting and administrative processes or workflows to properly manage or administer complex technical underwriting issues.
• Developing and underwriting profitable business.
• Assess, price and underwrite for coverages complex casualty risk for lead and excess positions.
• Review insurance contracts and carrier documents to evaluate for appropriateness to sit over in an excess or lead position.
• Negotiate effectively with broker partners in both soliciting new business and retaining renewals.
• Document underwriting rationale or thought process in a timely fashion.
• Pipeline new business both lead and excess as a means of both soliciting new accounts and collaborating with internal stakeholders including risk management.
• Domestic travel required up to 25%. Telecommuting permitted up to 60%.

Responsibilities

• Underwrites policies within underwriting authority.
• Make decisions on whether to accept business by making analytical, data-driven decisions based on data and information provided, including pricing the risk.
• Manages portfolio of brokers, agents and clients.
• Leverages market presence and expertise to develop and underwrite profitable business, acting as a representative for Liberty.
• Plays a leading role in the business and marketing planning process, including advanced data-driven insights from portfolio analysis.
• Serves as a key driver and thought leader for product development and/or refinement for line of business, based on data insights, research and client interaction.
• Participates in highprofile projects across departments designed to drive underwriting and process excellence (e.g., being on a working team).
• Models and facilitates effective collaboration across teams, stakeholders and partners (e.g., UW Support, Claims, Actuarial, Directors of Underwriting in GRSNA).
• Shares knowledge based on technical expertise, including providing external thought-leadership.
• Acts as an exemplary mentor, coach, and trainer for other underwriters and internal partners; supports developing and delivering technical training based on technical expertise.
• Acts as a point of escalation on particularly tricky or novel underwriting decisions.

Benefits

• At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
• We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Executive