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Liberty Mutual Insurance

Executive Underwriter, Major Accounts Property - Shared and Layered

Reposted 6 Days Ago
Be an Early Applicant
Hybrid
Chicago, IL
76K-253K Annually
Senior level
Hybrid
Chicago, IL
76K-253K Annually
Senior level
Underwrite and market complex shared and layered retail property accounts. Build broker relationships, analyze loss history and financials, negotiate policy terms including manuscript wording, develop marketing plans, mentor junior underwriters, and support product line initiatives and special projects to drive profitable growth.
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Description
Our Executive Underwriter contributes to the growth and profitability of assigned Shared & Layered Retail Property accounts through marketing, underwriting and managing of products and services of complex risks. Risks may require special handling or unusual coverages. Requires specialized knowledge of underwriting concepts, practices, procedures and techniques to include coverage issues, product lines, marketing, relevant systems, and competition in the marketplace. Demonstrates strong strategic and marketing capabilities.
This is a hybrid office role in the posted office location. This role is being offered a Senior or Executive level Underwriter, based on experience.
Responsibilities:
  • Establishes and maintains relationships to facilitate marketing of Liberty Mutual Shared & Layered Retail Property products and services to the brokerage community.
  • Makes independent sales calls to market and cross market.
  • Reviews and negotiates policy terms and conditions including manuscript wording.
  • Underwrites targeted new and renewal business by reviewing and analyzing insured's (or prospective insured's) loss history, financials, and other pertinent information.
  • Makes independent marketing calls to brokers and prospective insureds.
  • Contributes to the development of marketing plans, product analysis, services, geographic focus and broker intelligence.
  • Communicates with other product line underwriters and claims analysts in order to provide top level customer service.
  • Assists other members of the department including Underwriters, Associate Underwriters in product line and/or technical knowledge and development.
  • Performs related duties as requested to include, report preparation, presentations, and special projects to assist in ensuring the success of the product line unit.
Qualifications
  • Degree in Business or equivalent typically required
  • A minimum of 3 years, typically 5 or more years, of progressive underwriting experience and/or other related experience
  • CPCU or professional insurance designation preferred
  • Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility that includes competence with all phases and aspects of the underwriting process, and proficiency in the use of qualitative and quantitative tools and techniques
  • Must demonstrate comprehension of 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 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.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
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://www.libertymutualgroup.com/about-lm/careers/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
  • Los Angeles Incorporated
  • Los Angeles Unincorporated
  • Philadelphia
  • San Francisco

$76,000.00 - 253,000.00

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