Senior Surety Underwriter - Small to Mid Commercial

Liberty Mutual Insurance•Hampton, VA

12d•$69,000 - $197,000

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 within an assigned territory. The underwriter builds and maintains partnerships with agents, brokers, and accounts, serving as a trusted advisor and underwriting resource. The role performs primary credit underwriting and financial and risk analysis, makes recommendations, and decides on new and existing accounts. The position manages an assigned book of business, evaluates customer financial and operational capacities, monitors account financial condition, and addresses underwriting, accounting, and workflow issues in accordance with Surety policies and procedures. It may involve complex accounts, marketing-plan development, mentoring junior staff, and coordination with Home Office Underwriters and Field Management. Candidates located within 50 miles of a GRS office 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; preferably 3 or more years of surety underwriting experience and/or equivalent surety-related business experience.
Solid understanding of financial and accounting principles and ability to demonstrate sound business judgment when evaluating financial condition and credit history.
Analytical ability to evaluate and judge surety underwriting risks within scope of responsibility.
Ability to communicate complex analyses and information clearly in written and/or oral directives for underwriting or training purposes.
Strong communication and interpersonal skills.
Excellent organizational skills and attention to detail.

Nice To Haves

AFSB certification.
Experience with the small to mid commercial Surety product line is strongly preferred.
Three or more years of surety underwriting experience and/or equivalent surety-related business experience is preferred.

Responsibilities

Underwrite and negotiate accounts to maximize profitability while minimizing risk, including complex accounts as appropriate to role level.
Evaluate customers’ financial, technical, organizational, and management capacities, including 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.
May assist in developing the marketing plan.
Analyze financial statements on static and trend bases; determine accounts’ present and historical financial positions and monitor risk using quarterly statements and work-in-progress data as appropriate.
Stay current on Liberty Mutual Surety and Global Risk Solutions product lines and identify and promote opportunities with agents and brokers, leveraging domestic and global capabilities.
Investigate, analyze, and manage underwriting, accounting, and workflow issues within Surety policies and procedures.
May assess changes to work programs, financial-strength criteria, types of work performed, data flow, and exposure analyses; coordinate and surface issues to Home Office Underwriters and Field Management.
Assist in evaluating business continuity arrangements and funding mechanisms, such as life insurance adequacy, to prevent financial drain in the event of an owner's death or another insurable loss.
May mentor more junior staff, depending on role level.
Perform special projects and other assigned duties.