Senior Surety Underwriter - Small to Mid Commercial

Liberty Mutual•Owings Mills, MD

10d

About The Position

Liberty Mutual Surety is recruiting a Senior Surety Underwriter for its Small to Mid Commercial team in Maryland. The role develops and underwrites profitable surety business and services independent agents, brokers, and small to mid commercial accounts in an assigned territory. The underwriter builds and maintains partnerships with agents, brokers, and accounts, serving as a trusted advisor and underwriting resource. The position performs primary credit underwriting and financial and risk analysis, makes recommendations, and decides on new and existing accounts. The underwriter manages an assigned book of business, supporting profitability and retention while developing the portfolio through active engagement with agents and brokers. The role may involve complex accounts, assisting with marketing plans, mentoring junior staff, and coordinating with Home Office Underwriters and Field Management. If the selected candidate lives within 50 miles of a GRS office, they must be prepared to work in the office two days per week; this policy may change.

Requirements

Bachelor’s degree in Finance, Accounting, or equivalent.
At least 2.5 years of experience expected.
Strong understanding of financial and accounting principles and ability to exercise sound business judgment when evaluating financial condition and credit history.
Demonstrated analytical ability to evaluate and judge surety underwriting risks within the scope of responsibility.
Strong ability to communicate complex analyses and information through understandable written or oral directives for underwriting or training purposes.
Strong communication and interpersonal skills.
Excellent organizational skills and attention to detail.

Nice To Haves

Three or more years of surety underwriting experience and/or equivalent surety-related business experience, preferably.
Strong preference for experience with the small to mid commercial Surety product line.
AFSB certification.

Responsibilities

Underwrite and negotiate accounts to maximize profitability while minimizing risk, including complex accounts as appropriate to the role.
Evaluate customers’ financial, technical, organizational, and management capacities, including their experience, objectives, and character.
Manage the profitability and retention of an assigned book of business and develop the portfolio through relationships and engagement with new and existing agents and brokers.
Assist in developing the marketing plan, as needed.
Analyze financial statements on a static and trend basis; determine accounts’ present and historical financial positions and monitor risk through quarterly statements and work-in-progress data as appropriate.
Stay informed about Liberty Mutual Surety and Global Risk Solutions product lines and promote relevant opportunities with agents and brokers, using domestic and global capabilities.
Investigate, analyze, and manage underwriting, accounting, and workflow issues within Surety policies and procedures.
Assess and identify changes in business factors, including work program, financial strength criteria, nature of work performed, data flow, and exposure analyses, as appropriate.
Coordinate and raise issues with Home Office Underwriters and Field Management.
Evaluate business continuity arrangements and funding mechanisms, such as the adequacy of life insurance, to help prevent financial drain following an owner’s death or another insurable loss.
Mentor more junior staff, as appropriate to the role.
Perform special projects and other assigned duties.