Executive Underwriter, Loss Sensitive - Large Construction

Liberty Mutual Insurance; Madison (WI); On-site; USD 89,000 - 247,000; Full time

Job summary

Liberty Mutual Insurance seeks an experienced Executive Underwriter for the Loss Sensitive - Large Construction role. This position involves managing complex accounts, mentoring junior underwriters, and enhancing relationships with key agents in the Midwest. Ideal candidates will possess expertise in construction casualty underwriting and a strong understanding of the insurance market.

Qualifications

• Expert-level knowledge of insurance underwriting and risk selection.
• Strong ability to mentor less experienced underwriters and manage portfolio.
• Demonstrates strong relationships with agents and brokers.

Responsibilities

• Review and assess business applying for insurance and negotiate deals.
• Establish and manage relationships with key agents and brokers.
• Analyze portfolio to identify opportunities for growth.

Skills

Construction Casualty underwriting experience

Expert-level knowledge of insurance products and coverage

Problem-solving skills

Ability to build relationships

Education

Bachelor's degree

CPCU or CRIS professional insurance designation

Job description

Executive Underwriter, Loss Sensitive - Large Construction

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Executive Underwriter, Loss Sensitive - Large Construction

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Join to apply for the Executive Underwriter, Loss Sensitive - Large Construction role at Liberty Mutual Insurance

Liberty Mutual Insurance provided pay range

This range is provided by Liberty Mutual Insurance. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$89,000.00/yr - $247,000.00/yr

Description

Our Home Office Construction team is seeking an experienced underwriter to join our high-performing team working with large accounts and complex wrap-ups and joint venture projects countrywide. This opportunity would focus and be responsible for growing and developing our Midwest region while also maintaining a profitable book of business through effective underwriting decision making, mutually beneficial customer/broker relationships, and application of underwriting tools, systems, and expert resources. Guides/mentors less experienced underwriters in their respective area of expertise, including regular employee coaching with feedback to the manager on progress of the employee. Participates in regular projects that further the goals of the department and the company.

• Risk Selection: Reviews, rates, underwrites, evaluates, or assesses the business applying for insurance by qualifying accounts, identifying, selecting and assessing risks, selecting the program structures, determining the premium, policy terms and conditions, obtaining approvals, creating/presenting the proposal to the agent/broker, and successfully negotiating deals.
• Agent/Broker Relationships: Demonstrates a high level of responsiveness and focus on supporting Key Agents and Brokers objectives. Establishes, develops, and maintains successful relationships with Key Agents and Brokers to facilitate marketing of products, through responsive service, site visits, in person renewal meetings or enhanced knowledge of their customers businesses. Develops strong personal brand to build and maintain a long-term quality pipeline with Key Agents/Brokers.
• Portfolio Management: Manages a sizable and complex book of business by analyzing the portfolio, identifying areas of opportunity for improved growth, profit and diversification, and executing marketing plans to increase market share by making marketing calls to preferred brokers to market and cross market. Provides input to the development of marketing plans, product analysis, services, geographic focus and broker intelligence.
• Documenting the Deal: Documents files in a way that reflects a solid thought process and decision making through comprehensive account reviews, sign-offs and referrals that comply with state regulations, letter of authority, and underwriting guidelines.
• Leadership: Formally guides, mentors, and coaches underwriters and account analysts in both technical and professional skills. Demonstrates multiple areas of expertise and provides regular updates to other underwriters.
• Continuous Improvement: Actively participates in continuous improvement by generating suggestions, participating in problem solving activities and using continuous improvement tools to support the work of the team.
  
  

Qualifications

Qualifications:

• Construction Casualty underwriting experience.
• Expert-level knowledge of insurance products/coverage, underwriting, pricing, risk selection, market segments and marketplace; insurance finance and actuarial concepts; loss control/risk engineering; marketing techniques, regulatory environment and reinsurance; advanced-level knowledge of territory management
• Ability to apply underwriting/appetite, tools, systems, and resources to achieve goals
• Solve complex problems
• Establish and build healthy working relationships exceeds in mentoring relationships, and negotiate as normally acquired
• Bachelor’s degree
• CPCU or CRIS professional insurance designation strongly preferred
  
  

About Us

Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications, and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits, and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.

We are dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), which are open to all, we create an environment where every individual can make a meaningful impact so we continue to meet the evolving needs of our customers.

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

Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.

Fair Chance Notices

• California
• Los Angeles Incorporated
• Los Angeles Unincorporated
• Philadelphia
• San Francisco

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Insurance

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