SENIOR SURETY UNDERWRITER - LARGE CONTRACT

Liberty Mutual Surety; Houston (TX); On-site; USD 68,000 - 176,000; Full time

Job summary

Liberty Mutual Surety is looking for a Senior Surety Underwriter to manage and underwrite profitable surety business within Texas. The role involves working closely with independent agents and brokers, performing risk analysis, and fostering strong relationships for business growth. This position offers a competitive salary and provides a unique opportunity to grow with a leading global surety firm.

Qualifications

• Minimum 5 years of surety underwriting experience, preferably 7+ years.
• Proven ability to evaluate underwriting risks.
• Demonstrated communication of complex information.

Responsibilities

• Underwrite and negotiate accounts to maximize profitability.
• Manage an assigned book of business and develop strong relationships.
• Perform financial statements analysis.

Skills

Analytical Ability

Communication

Interpersonal Skills

Education

Degree in Business or equivalent

Job description

Senior Surety Underwriter - Large Contract

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Senior Surety Underwriter - Large Contract

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Liberty Mutual Surety provided pay range

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

Base pay range

68,000.00 / yr - $176,000.00 / yr

Description

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, and service independent agents, brokers, and large contract accounts within an assigned territory. Using your excellent relationship skills, you will build and maintain positive partnerships our agents, brokers, and accounts as a trusted advisor and underwriting resource for our producers and customers. You will also use your business and financial acumen to perform primary credit underwriting and financial / risk analysis, provide recommendations, and make decisions on new and existing accounts. This is an excellent opportunity for an experienced and self-motivated surety professional looking to grow their career with a top surety company that focuses on its employees and customers first.

Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the worlds largest globally Surety, including in the United States. Conducting business worldwide through fronting relationships and Liberty-owned subsidiaries, we provide bonds in over 60 countries for construction firms, manufacturers and suppliers, and commercial enterprises on an account and transactional basis. We are committed to building mutually profitable relationships by providing smart business solutions, ease of doing business, and consistent, responsive service. Liberty Mutual Surety is dedicated to the communities we serve and highly values a diverse workforce in more than 18 countries.

Responsibilities

• Underwrite and negotiate accounts to maximize profitability whilst minimizing risk, which may include the most complex accounts based on level of role. Makes thorough evaluations and assessments of a customers financial, technical, organizational, and management capacities, including experience, desired objectives as well as a subjective judgment of character.
• Manage the profitability and retention of an assigned book of business while continue to develop the portfolio through strong relationships and active engagement with new and existing agents and brokers. May assist in developing the marketing plan.
• Performs analytical evaluations of financial statements on both a static and trend basis. Determines the present and historical financial position of accounts and monitors financial position of risk through analysis of quarterly statements and work in progress data as appropriate.
• Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines and identify / promote opportunities across with agents and brokers, leveraging domestic and global capabilities.
• Responsible for investigation, analyzing, and managing all necessary underwriting / accounting / workflow issues, within framework of Surety policies and procedures.
• May assess and identify changes in all aspects of the business including, but not limited to, work program to financial strength criteria, nature of work performed (inherent risk), accuracy and timeliness of data flow, and exposure analyses. Coordinate and surface issues to Home Office Underwriters and Field Management.
• Assists in the evaluation of business continuity arrangements and funding mechanisms (such as adequacy of life insurance) to preclude financial drain of customer in the event of the demise of (an) owner or other insurable loss.
• May mentor more junior staff based on level.
• Performs special projects and other duties as assigned.

Qualifications

• Degree in Business or equivalent typically required
• A minimum of 5 years expected, typically 7 years or more, of progressive surety underwriting experience and / or other related business experience
• 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 Surety business

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.

• California
• Philadelphia

Seniority level

Seniority level

Not Applicable

Employment type

Employment type

Full-time

Job function

Job function

Finance

Insurance

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