Senior Surety Underwriter - Large Contract

About the role

Liberty Mutual Surety™ is recruiting for a Senior Surety Underwriter to join the Seattle Large Contract team. In this role, you will develop and underwrite profitable surety business, service independent agents, brokers, and contract accounts within an assigned territory, and build and maintain positive partnerships with agents, brokers, and accounts as a trusted advisor. You will perform primary credit underwriting and financial/risk analysis, provide recommendations, and make decisions on new and existing accounts.

This is an opportunity for an experienced and self-motivated surety professional to grow their career with a top surety company focused on employees and customers. Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the world’s largest global surety provider, offering bonds in over 60 countries for construction firms, manufacturers, suppliers, and commercial enterprises.

Responsibilities

• Underwrite and negotiate accounts to maximize profitability while minimizing risk, including complex accounts based on role level.
• Make thorough evaluations of a customer’s financial, technical, organizational, and management capacities, including experience, objectives, and subjective judgment of character.
• Manage the profitability and retention of an assigned book of business while developing the portfolio through strong relationships and engagement with agents and brokers.
• Perform analytical evaluations of financial statements on both a static and trend basis, determining historical and present financial positions and monitoring risk through quarterly statements and work-in-progress data.
• Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines and identify opportunities to promote them with agents and brokers, leveraging domestic and global capabilities.
• Investigate, analyze, and manage underwriting, accounting, and workflow issues within the framework of Surety policies and procedures.
• Assess and identify changes in business aspects, such as work programs, financial strength criteria, data flow, and exposure analyses, and coordinate issues with Home Office Underwriters and Field Management.
• Assist in evaluating business continuity arrangements and funding mechanisms (e.g., adequacy of life insurance) to preclude financial drain in the event of an owner’s demise or other insurable loss.
• Mentor junior staff as needed.
• Perform special projects and other duties as assigned.
• If located within 50 miles of a GRS office, be prepared to work in the office two days per week (policy subject to change).

Requirements

• Degree in Business or equivalent, typically required.
• A minimum of 2.5 years, typically 3 or more years, of surety underwriting experience and/or other related experience.
• Proven analytical ability to evaluate and judge underwriting risks, including competence in all phases of the underwriting process and proficiency with qualitative and quantitative tools.
• Demonstrated comprehension of complex technical underwriting issues and the ability to define and implement necessary underwriting and administrative processes.
• Proven track record of developing and underwriting profitable surety business.

Pay

The typical starting salary range for this role is determined by skills, experience, education, certifications, and location. The full salary range reflects competitive labor market value and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual may include commission and/or bonus earnings based on multiple factors outlined in the compensation plan.

Benefits

Liberty Mutual offers a comprehensive benefits package to support employees' well-being, including workplace flexibility, professional development opportunities, and Employee Resource Groups. Benefits are designed to value hard work, integrity, and commitment to making an impact. For more details, visit Liberty Mutual Benefits.