Senior Surety Underwriter, Small to Mid Commercial

About the role

Liberty Mutual Surety™ is recruiting for a Senior Surety Underwriter to join our Small to Mid Commercial Surety team. You will develop and underwrite profitable surety business, service independent agents, brokers, and Small to Mid Commercial accounts within an assigned territory. Using 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. 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 offering smart business solutions, ease of doing business, and consistent, responsive service.

Responsibilities

• Underwrite and negotiate accounts to maximize profitability while minimizing risk, which may include the most complex accounts based on role level.
• Make thorough evaluations and assessments of a customer’s financial, technical, organizational, and management capacities, including experience, desired 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 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 risk through analysis of quarterly statements and work-in-progress data.
• Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines and identify/promote opportunities with agents and brokers, leveraging domestic and global capabilities.
• Investigate, analyze, and manage all necessary underwriting, accounting, and workflow issues within the framework of Surety policies and procedures.
• Assess and identify changes in all aspects of the business, including work programs, financial strength criteria, nature of work performed, 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 in the event of an owner’s demise or other insurable loss.
• Mentor more junior staff based on role 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 per week (subject to change).

Qualifications

• 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 the scope of responsibility, including 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 manage those issues.
• Proven track record of developing and underwriting profitable surety business.

Benefits

Liberty Mutual offers a comprehensive benefits package designed to support employees' life and well-being. Benefits include workplace flexibility, professional development opportunities, and support through Employee Resource Groups. To learn more about our benefit offerings, visit Liberty Mutual Benefits.

Pay

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