Underwriting Consultant, Large Property
Company: Liberty Mutual Insurance
Posted on: November 26, 2022
Advance Your Underwriting Career at Liberty Mutual Insurance- A
Fortune 100 Company
Our underwriters focus on answering two fundamental questions.
Should we write a policy for a particular customer? What is a fair
price for the risk that we would assume by writing the policy?
As the Underwriting Specialist in our National Insurance Property
team, you will work under broad management direction, analyzes a
company's exposures, hazards, financial ratios, commercial property
insurance coverage, loss history, pricing targets, and desired
program structure to recommend whether to proceed with an account,
and if so, under what terms and conditions. This Large Account
Property Underwriter will work with an Account Analyst and Risk
Engineering to underwrite single carrier business greater than
$300M TIV. (Total Insured Value).
Develops, grows, and maintains a profitable, diversified book of
business through marketing, effective underwriting decision making,
mutually beneficial agent/brokers relationships, strong
market-facing leadership presence and application of underwriting
tools, systems, and expert resources under limited supervision.
Guides/mentors less experienced underwriters in their respective
area of expertise, including regular employee coaching with
feedback to the manager on progress of the employee. Participates
in regular projects that further the goals of the company.
Risk Selection: 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 fully engaging in daily huddles, generating
suggestions, following appropriate procedures and work principles,
participating in problem solving activities, and using continuous
improvement tools to support the work of the team.
Advanced-level knowledge of insurance products/coverage, market
segments and marketplace; insurance finance and actuarial concepts;
loss control/risk engineering; marketing/selling techniques,
regulatory environment and reinsurance; advanced-level knowledge of
underwriting, pricing, risk selection, territory management.
Ability to apply underwriting/appetite, tools, systems, and
resources to achieve goals, solve complex problems, establish and
build healthy working relationships, lead mentoring relationships,
and negotiate, as normally acquired and a related bachelor's degree
five to ten years of commercial lines underwriting experience
preferred; CPCU or professional insurance designation preferred
At 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
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.
Keywords: Liberty Mutual Insurance, Boston , Underwriting Consultant, Large Property, Other , Boston, Massachusetts
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