Senior Underwriter, Private & Nonprofit Directors & Officers

Liberty Mutual Insurance•New York, NY

About The Position

The Senior Underwriter will underwrite Private & Nonprofit Management Liability policies within delegated authority, making analytical, data-driven decisions and pricing risks with limited guidance from leadership. In certain North American markets, will more frequently underwrite complex/unusual accounts or those requiring higher individual line sizes. Accounts assessed will include some complexity across primary and excess towers for private companies and nonprofit entities.

Requirements

Degree in Business or equivalent typically required
A minimum of 2.5 years, typically 3 or more years, of progressive underwriting experience and/or other related experience
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

CPCU or professional insurance designation preferred

Responsibilities

Build and manage a profitable portfolio focused on Private and Nonprofit Management Liability, working with retail brokers as a representative for Liberty.
Underwrite new and renewal business for coverage lines, including Directors & Officers, Employment Practices Liability (EPL), Fiduciary Liability, and Crime.
Conduct comprehensive risk evaluations for private and nonprofit entities by analyzing financials, capitalization, investor composition (including private equity and venture capital), governance practices, indemnification provisions, board composition, and merger and acquisition activity.
Assess HR practices and workforce attributes such as employee count, geographic footprint, remote/hybrid dynamics, labor relations, and prior Equal Employment Opportunity Commission (EEOC) and Wage and Hour (W&H) matters, along with EPL controls.
Evaluate the size and complexity of ERISA plans, vendor oversight for Fiduciary responsibilities, and internal controls/segregation of duties for Crime-related functions.
Review previous litigation, claims history, loss runs, emerging exposures, and risk mitigation measures.
Structure and negotiate policy terms, determining limits, retentions, sublimits, coinsurance (such as wage and hour defense), shared versus separate limits, primary and excess placements, Side A difference-in-conditions, and manuscript endorsements when appropriate.
Utilize Liberty's capacity in line with appetite and referral thresholds.
Price risks using underwriting models, rating tools, benchmarking, and actuarial insights; document underwriting rationale, referrals, and compliance with guidelines.
Maintain a strong market presence by strengthening existing broker/agent relationships and developing new ones; conduct underwriting meetings, presentations, and joint planning to drive targeted growth.
Represent Liberty at industry events and market functions, communicating our appetite, capabilities, and value proposition.