Senior Surety Underwriter, Small to Mid Commercial

Liberty Mutual Surety™ is currently recruiting for a Senior Surety Underwriter to join our Small to Mid Commercial Surety team. As a Senior Surety Underwriter, you will develop and underwrite profitable surety business, and service independent agents, brokers, and Small to Mid Commercial accounts within an assigned territory. Using your excellent relationship skills, you will build and maintain positive partnerships with agents, brokers, and accounts as a trusted advisor and underwriting resource. 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.

Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the world’s largest global surety provider, 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 while minimizing risk, which may include the most complex accounts based on level of role.
• Make thorough evaluations and assessments of a customer’s 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 continuing to develop the portfolio through strong relationships and active engagement with new and existing agents and brokers. May assist in developing the marketing plan.
• Perform analytical evaluations of financial statements on both a static and trend basis. Determine the present and historical financial position of accounts and monitor 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 agents and brokers, leveraging domestic and global capabilities.
• Responsible for investigation, analyzing, and managing all necessary underwriting/accounting/workflow issues, within the 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.
• Assist 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.
• Perform special projects and other duties as assigned.
• If the selected candidate lives within 50 miles of a GRS office, they should be prepared to come into the office two days/week, but this is 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 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 Surety business.

Pay

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.

Benefits

Liberty Mutual offers benefits that support your life and well-being, including:

• Comprehensive benefits package (learn more at Liberty Mutual Careers Benefits).
• Workplace flexibility and professional development opportunities.
• Employee Resource Groups for community and support.