Senior Surety Underwriter - Large Contract

Liberty Mutual Insurance; Houston (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

A leading company in the insurance industry is looking for a Senior Surety Underwriter to join their Texas Large Contract team. The role involves developing and underwriting profitable surety business, building relationships with agents and brokers, and providing financial and risk analysis. Candidates should possess strong analytical and communication skills and have a degree in Business with extensive experience in surety underwriting.

Qualifications

• Typically 7+ years of progressive surety underwriting or related experience.
• Proven ability to develop and underwrite profitable surety business.

Responsibilities

• Underwrite and negotiate accounts to maximize profitability while minimizing risk.
• Manage profitability and retention of an assigned book of business.
• Analyze financial statements and assess financial positions.

Skills

Analytical skills

Communication skills

Education

Degree in Business or equivalent

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 market value and provides opportunities for growth as employees develop within the role. Some roles at Liberty Mutual may include commission and/or bonus earnings based on specific compensation plans.

Liberty Mutual Surety is currently recruiting for a Senior Surety Underwriter to join our Texas Large Contract team.

As a Senior Surety Underwriter, you will develop and underwrite profitable surety business, servicing independent agents, brokers, and large contract accounts within an assigned territory. You will build and maintain positive relationships with agents, brokers, and accounts as a trusted advisor, utilizing your business and financial expertise to perform credit underwriting, financial/risk analysis, and make decisions on accounts. This role offers an excellent opportunity for an experienced, self-motivated surety professional to grow their career with a top company focused on its employees and customers.

Liberty Mutual Surety, a unit of Liberty Mutual Insurance, is the world's largest surety provider, operating in over 60 countries, offering bonds for construction, manufacturing, and commercial enterprises. We are committed to building mutually profitable relationships through smart solutions, ease of doing business, and responsive service, valuing diversity across more than 18 countries.

Responsibilities:

• Underwrite and negotiate accounts to maximize profitability while minimizing risk, including complex accounts, evaluating financial, technical, organizational, and managerial capacities, as well as character.
• Manage profitability and retention of an assigned book of business, developing the portfolio through strong relationships and active engagement with agents and brokers. Assist in marketing plan development.
• Analyze financial statements on static and trend bases, assessing financial positions and monitoring risks through quarterly statements and work-in-progress data.
• Stay informed about Liberty Mutual Surety and Global Risk Solutions product lines, identifying and promoting opportunities with agents and brokers.
• Handle underwriting, accounting, and workflow issues within policies and procedures.
• Assess changes in business aspects, coordinate issues with underwriters and management.
• Evaluate business continuity and funding mechanisms to prevent financial strain on clients.
• Mentor junior staff as appropriate.
• Perform special projects and other duties as assigned.

Qualifications:

• Degree in Business or equivalent.
• Typically 7+ years of progressive surety underwriting or related experience.
• Strong analytical skills for risk evaluation.
• Effective communication skills for complex analyses and organizational training.
• Proven ability to develop and underwrite profitable surety business.

About Us

Liberty Mutual is committed to fostering an inclusive environment where employees can build meaningful careers. We offer comprehensive benefits and learning opportunities, supporting professional and personal success. We believe progress happens when people feel secure, and we are dedicated to diversity, equity, and inclusion, supporting Employee Resource Groups for community and engagement.

We value your dedication, integrity, and commitment to improvement, prioritizing your well-being through our benefits. Learn more at https://LMI.co/Benefits. Liberty Mutual is an equal opportunity employer, committed to non-discrimination based on race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran status, pregnancy, genetic information, or other protected categories.

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