Executive Underwriter, Middle Market Construction IL
Company: Liberty Mutual
Location: Chicago
Posted on: April 24, 2024
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Job Description:
Pay PhilosophyThe 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.
Description We are continuing to invest and grow our Construction
team! We are in search of a dedicated specialty construction
casualty Executive Underwriter to help us to grow our existing book
in the Midwest region. Liberty Mutual's Mid Construction team
handles Middle Market to National Account-sized casualty
construction business sharing specialized knowledge of construction
and risk management with our agents and brokers. Our underwriters
work on the primary casualty & property lines coverages for both
guaranteed cost as well as loss sensitive program structures.
Liberty Mutual fosters underwriter judgment and emphasize local
decision making. This is an excellent opportunity for a talented &
eager commercial insurance underwriter with construction expertise,
confidence, and deal-oriented mindset.
This would be considered a Hybrid role in the posted office
location (2 office days a week and those can flex)
Executive Underwriter - $127,000 - $206,000
Risk Selection: Reviews, rates, underwrites, evaluates, or assesses
the business applying for insurance by qualifying accounts,
identifying, selecting and assessing risks, determining the
premium, policy terms and conditions, obtaining approvals,
creating/presenting the proposal to the agent/broker, and
successfully negotiating deals.
Agent/Broker Relationships: Demonstrates a high level of
responsiveness and focus on supporting Key Agents and Brokers
objectives. Establishes, develops, and maintains successful
relationships with Key Agents and Brokers to facilitate marketing
of products, through responsive service, site visits, in person
renewal meetings or enhanced knowledge of their customers
businesses. Develops strong personal brand to build and maintain a
long-term quality pipeline with Key Agents/Brokers.
Portfolio Management: Manages a sizable and complex book of
business by analyzing the portfolio, identifying areas of
opportunity for improved growth, profit and diversification, and
executing marketing plans to increase market share by making
marketing calls to preferred brokers to market and cross market.
Provides input to the development of marketing plans, product
analysis, services, geographic focus and broker intelligence.
Documenting the Deal: Documents files in a way that reflects a
solid thought process and decision making through comprehensive
account reviews, sign-offs and referrals that comply with state
regulations, letter of authority, and underwriting guidelines.
Leadership: Formally guides, mentors, and coaches underwriters and
account analysts in both technical and professional skills.
Demonstrates multiple areas of expertise and provides regular
updates to other underwriters.
Continuous Improvement: Actively participates in continuous
improvement by generating suggestions, participating in problem
solving activities and using continuous improvement tools to
support the work of the team.
QualificationsExpert-level knowledge of insurance
products/coverage, underwriting, pricing, risk selection, market
segments and marketplace; insurance finance and actuarial concepts;
loss control/risk engineering; marketing techniques, regulatory
environment and reinsurance; advanced-level knowledge of territory
management.
Ability to apply underwriting/appetite, tools, systems, and
resources to achieve goals, solve complex problems, establish and
build healthy working relationships exceeds in mentoring
relationships, and negotiate as normally acquired and a related
bachelor's degree, eight to ten years of relevant experience
preferred; CPCU or professional insurance designation strongly
preferred.
About UsAt Liberty Mutual, our purpose is to help people embrace
today and confidently pursue tomorrow. That's why we provide an
environment focused on openness, inclusion, trust and respect.
Here, you'll discover our expansive range of roles, and a workplace
where we aim to help turn your passion into a rewarding
profession.
Liberty Mutual has proudly been recognized as a "Great Place to
Work" by Great Place to Work - US for the past several years. We
were also selected as one of the "100 Best Places to Work in IT" on
IDG's Insider Pro and Computerworld's 2020 list. For many years
running, we have been named by Forbes as one of America's Best
Employers for Women and one of America's Best Employers for New
Graduates as well as one of America's Best Employers for Diversity.
To learn more about our commitment to diversity and inclusion
please visit:
https://jobs.libertymutualgroup.com/diversity-inclusion
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.
Fair Chance Notices
California
San Francisco
Los Angeles
Philadelphia
Keywords: Liberty Mutual, Chicago , Executive Underwriter, Middle Market Construction IL, Professions , Chicago, Illinois
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