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.
Description
Note: Level of position and compensation based on location and experience.
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Reviews new and existing transactional contract risks submitted by assigned offices to confirm compliance with Liberty Mutual Surety's underwriting strategies, guidelines and marketing objectives. Utilizes objective perspective to identify omissions in underwriting detail, if any, confirm attributes and/or weaknesses of case and ratifies parameters of credit recommended for specific risks, with primary objective of achieving profitability for the department. Makes appropriate recommendations to senior Home Office staff on business above authority level or outside of standard underwriting guidelines.
Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the world's largest globally Surety, 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:
- Underwrites new and existing contract account submissions of a wide range in size and complexity utilizing underwriting authority granted by Chief Underwriting Officer.
- Makes thorough evaluations and assessments of a contractor's financial, technical, organizational, and management capacities, as well as a subjective judgment of character, normally based upon data/insights provided by the field organization . In some cases, will meet with client to facilitate above assessments.
- Monitors existing books of business from an underwriting standpoint.
- Continuously evaluates the qualitative characteristics of the business (new and existing) in each of the offices assigned to be his/her responsibility.
- Assesses and identifies 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.
- Coordinates and surfaces issues to more senior Home Office staff and Bond Managers in the field offices on a regular and timely basis.
- BA/BS in Business Administration or related field and a minimum of 7 years progressively more responsible surety underwriting experience desired.
- Very strong analytical abilities and decision-making skills.
- Strong negotiating skills.
- Strong written and oral communication skills are required.
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 please visit: https://jobs.libertymutualgroup.com/diversity-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.