Executive Underwriter, Property

Liberty Mutual Insurance; Minneapolis (MN); On-site; USD 150,000 - 190,000; Full time

Job summary

Liberty Mutual Insurance seeks an Executive Underwriter to manage a major portion of our Major Accounts Property portfolio in the Central Region. You will handle complex monoline Property accounts with minimum TIVs of $100m, analyze exposures, loss history, pricing targets, and determine terms to secure profitable business.

You will collaborate with Risk Engineering to build a strong book, mentor other underwriters, and maintain leading expertise in large property underwriting across the

Qualifications

• 5–7+ years of progressive underwriting experience and related business experience.
• Degree in Business or equivalent typically required.
• CPCU or professional designation preferred.

Responsibilities

• Manages portfolio of brokers/agents & 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. Maintains a strong market presence, including established relationships with agents and brokers.
• Looks to strengthen these relationships and develop new ones.
• Articulates key coverage differences with a high degree of detail. Provides significant input into the business and marketing planning process, including advanced data-driven insights from portfolio analysis.
• Participates in projects across departments designed to drive underwriting and process excellence (e.g., member of a working team).
• Models effective collaboration across teams, stakeholders and partners (e.g., UW Support, Claims, Actuarial, Directors of Underwriting in North America).
• Has strong knowledge of key legal cases, legislation and regulation impacting area(s) of underwriting expertise. Shares knowledge based on technical expertise, including providing external thought-leadership.
• Mentors, coaches, and trains other underwriters and internal partners.

Skills

CPCU or professional designation

Analytical ability

Communication skills

Relationship management

Leadership/mentoring

Underwriting experience

Education

Bachelor's degree in Business

Job description

Description

We are seeking an Executive Underwriter to manage and maintain a significant portion of our Major Accounts Property portfolio in the Central Region. In this role, you will be responsible for handling complex monoline Property accounts with minimum TIVs of $100m, analyzing the customer's property exposures, hazards, financial information, requested coverages, loss history, pricing targets and desired program structure to select business and determine appropriate terms and conditions. Will work closely with Risk Engineering to produce and manage a profitable book of business and manage producer/customer relationships. Maintains the highest level of skills/knowledge in the large property space with average account annual premium of around $1m. Shares underwriting expertise with other underwriters and stakeholders across all levels.

Description

We are seeking an Executive Underwriter to manage and maintain a significant portion of our Major Accounts Property portfolio in the Central Region. In this role, you will be responsible for handling complex monoline Property accounts with minimum TIVs of $100m, analyzing the customer's property exposures, hazards, financial information, requested coverages, loss history, pricing targets and desired program structure to select business and determine appropriate terms and conditions. Will work closely with Risk Engineering to produce and manage a profitable book of business and manage producer/customer relationships. Maintains the highest level of skills/knowledge in the large property space with average account annual premium of around $1m. Shares underwriting expertise with other underwriters and stakeholders across all levels.

Responsibilities

• Manages portfolio of brokers/agents & 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. Maintains a strong market presence, including established relationships with agents and brokers.
• Looks to strengthen these relationships and develop new ones.
• Articulates key coverage differences with a high degree of detail. Provides significant input into the business and marketing planning process, including advanced data-driven insights from portfolio analysis.
• Participates in projects across departments designed to drive underwriting and process excellence (e.g., member of a working team).
• Models effective collaboration across teams, stakeholders and partners (e.g., UW Support, Claims, Actuarial, Directors of Underwriting in North America).
• Has strong knowledge of key legal cases, legislation and regulation impacting area(s) of underwriting expertise. Shares knowledge based on technical expertise, including providing external thought-leadership.
• Mentors, coaches, and trains other underwriters and internal partners.

Qualifications

• Prior single carrier property underwriting experience preferred.
• Prior experience working with property risk engineering and/or loss prevention preferred.
• Prior property facultative reinsurance or shared and layer property experience also will be considered.
• Degree in Business or equivalent typically required
• A minimum of 5 years expected, typically 7 years or more, of progressive underwriting experience and/or other related business experience
• CPCU or professional insurance designation preferred
• Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility
• Demonstrated ability to communicate complex analyses and information in understandable written and/or oral directives to other persons in the organization for underwriting or training purposes
• Demonstrated effective communication and interpersonal skills in dealing with internal and external stakeholders
• Must demonstrate comprehension of most 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

About Us

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://www.libertymutualgroup.com/about-lm/careers/benefits

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.

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