Senior Surety Underwriter

Liberty Mutual Insurance; Seattle (WA); On-site; USD 80,000 - 120,000; Full time

Job summary

A leading company in surety insurance is seeking a Surety Underwriter in Seattle. You will manage relationships with independent agents and assess risks while contributing to a top-tier team in a supportive and inclusive environment. The ideal candidate will bring extensive underwriting experience, strategic thinking, and interpersonal skills, facilitating meaningful connections to drive business success.

Benefits

Comprehensive benefits

Learning opportunities

Support for professional success

Qualifications

• Minimum of 7 years (preferably 10+) surety underwriting experience.
• Strong understanding of financial principles.
• AFSB certification preferred.

Responsibilities

• Market and underwrite new and existing account submissions.
• Analyze financial statements to assess financial health.
• Develop strong relationships with agents and brokers.

Skills

Analytical skills

Financial analysis

Interpersonal skills

Communication skills

Organizational skills

Education

Bachelor's degree in Finance or Accounting

Job description

Pay Philosophy

The typical starting salary range for this role is determined by factors including skills, experience, education, certifications, and location. The full salary range reflects the competitive labor market value across the national market and offers opportunities for growth as employees develop within the role. Some roles at Liberty Mutual include a compensation plan with potential commission and/or bonuses, which vary based on multiple factors outlined in the plan.

Liberty Mutual Surety is currently recruiting for a Surety Underwriter to join our contract team in Seattle, WA.

As a Surety Underwriter, you will market, underwrite, and service independent agents, brokers, and contract surety accounts within an assigned territory. You will focus on building and maintaining positive relationships rather than transactional sales, using your rapport-building skills. You will perform primary credit underwriting and financial/risk analysis, provide recommendations, and make decisions on new and existing accounts. This role is ideal for an experienced, self-motivated surety professional eager to grow their career with a top surety company that prioritizes its employees and customers.

Liberty Mutual Surety, a division of Liberty Mutual Insurance, is the world's largest surety provider, including in the United States. We operate globally through fronting relationships and subsidiaries, offering bonds in over 60 countries for construction firms, manufacturers, suppliers, and commercial enterprises. We are committed to mutually profitable relationships, providing smart business solutions, ease of doing business, and responsive service. We value a diverse workforce across more than 16 countries.

Responsibilities:

• Meet with agents and brokers to solicit business, educate them on policies, procedures, and requirements, and act in a consultative capacity.
• Underwrite new and existing account submissions using the authority granted, handling complex accounts as appropriate. Evaluate financial, technical, organizational, and management aspects, and meet with clients as needed.
• Analyze financial statements to assess financial health and monitor risk through quarterly statements and data analysis.
• Develop and maintain strong relationships with agents/brokers, overseeing a book of contract surety business and achieving marketing and profitability goals.
• Identify cross-selling opportunities and stay updated on product lines.
• Manage underwriting and workflow issues within policy frameworks, monitor existing business, and evaluate business characteristics regularly.
• Assess changes in business aspects, coordinate issues with the home office, and evaluate business continuity arrangements.
• Apply sound judgment for credit recommendations outside normal standards, document decisions thoroughly, and communicate with senior staff.
• Prepare for and lead meetings with agents and clients, and oversee workflow and billing instructions.
• Mentor junior staff as appropriate and perform special projects as assigned.

Please note: Position level and compensation depend on location and experience.

Qualifications:

• Bachelor's degree in Finance, Accounting, or related field, with a minimum of 7 years (preferably 10+) surety underwriting or related experience, especially in contract surety.
• Strong understanding of financial and accounting principles and sound business judgment.
• Proven analytical skills in risk evaluation.
• AFSB certification preferred.
• Excellent communication skills to explain complex analyses clearly.
• Strong interpersonal skills for building relationships with agents, brokers, and other professionals.
• Excellent organizational skills and attention to detail.

Note: Salary and level are based on experience and location.

About Us

Liberty Mutual is committed to fostering an inclusive environment where employees from diverse backgrounds can thrive. We offer comprehensive benefits and learning opportunities, supporting professional and personal success.

We believe progress happens when people feel secure. Our mission is to provide protection for the unexpected with care, helping people embrace today and pursue tomorrow confidently.

We are proud to support diversity and inclusion through our Employee Resource Groups (ERGs), creating community and engagement opportunities for our employees.

We value your dedication and integrity, offering benefits that support your well-being. For more information, visit: https://LMI.co/Benefits. Liberty Mutual is an equal opportunity employer and prohibits discrimination based on race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran status, pregnancy, genetic information, or any other protected basis.

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