Senior Builders’ Risk Underwriter — Construction

Liberty Mutual Insurance; Chicago (IL); On-site; USD 110,000 - 160,000; Full time

Job summary

Liberty Mutual Insurance seeks a Senior Builders’ Risk Underwriter in Chicago to underwrite Builders’ Risk policies with authority and limited leadership guidance. You will analyze project exposures, structure coverage, and price risks for high-value, complex construction projects.

You will manage broker relationships, evaluate plans and loss history, determine terms and pricing, and mentor junior underwriters while collaborating with UW Support, Claims, Actuarial, Risk Engineering, and Legal

Qualifications

• Degree in Business or equivalent typically required.
• 2.5+ years of underwriting experience and/or related experience.
• CPCU or professional designation preferred.
• Proven analytical ability to evaluate underwriting risks across all phases of underwriting.
• Capable of defining and implementing underwriting processes/workflows.
• Proven track record of profitable underwriting.

Responsibilities

• Manages a portfolio of brokers, agents, contractors, developers, owners, and other construction-related clients while developing profitable Builders’ Risk business for Liberty Mutual.
• Evaluates project plans, budgets, construction schedules, valuations, contracts, loss history, site conditions, catastrophe exposures, contractor experience, and risk-control measures.
• Determines coverage terms, conditions, limits, deductibles, exclusions, and pricing for commercial, residential, infrastructure, renovation, and specialty projects.
• Maintains strong relationships with agents and brokers, strengthens partnerships, develops new opportunities, and represents Liberty Mutual in the marketplace.
• Monitors evolving project exposures, including construction delays, changes in scope or values, occupancy transitions, fire, theft, water damage, windstorm, flood, earthquake, collapse, and other Builders’ Risk loss drivers.
• Collaborates with UW Support, Claims, Actuarial, Risk Engineering, Product, Legal, and Directors of Underwriting in GRS North America; contributes to product, process, and underwriting tool improvements.
• Mentors junior underwriters and new hires, analyzes portfolio performance, and communicates emerging construction and Builders’ Risk trends.

Skills

Underwriting

Analytical thinking

Broker relationships

Mentoring

Risk assessment

Pricing strategy

Education

Degree in Business or equivalent

Tools

CPCU designation preferred

Job description

Liberty Mutual Insurance seeks a Senior Builders’ Risk Underwriter in Chicago to underwrite Builders’ Risk policies with authority and limited leadership guidance. You will analyze project exposures, structure coverage, and price risks for high-value, complex construction projects.

You will manage broker relationships, evaluate plans and loss history, determine terms and pricing, and mentor junior underwriters while collaborating with UW Support, Claims, Actuarial, Risk Engineering, and Legal