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    Senior Surety Underwriter NJ - mahwah, United States - Liberty Mutual

    Liberty Mutual
    Liberty Mutual mahwah, United States

    1 week ago

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    Description

    Pay PhilosophyThe 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 Liberty Mutual SuretyTM is currently recruiting for a Surety Underwriter to join our Core Contract team in Mahwah, NJ.


    As a Surety Underwriter you will market, underwrite, and service independent agents, brokers, and contract surety accounts within an assigned territory.

    Using your excellent rapport building skills, you will build and maintain positive relationships and will market to your territory focusing on relationship building rather than transactional sales.

    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.

    This is an excellent opportunity for an experienced and self-motivated surety professional looking to grow their career with a top surety company that focuses on its employees and customers first.


    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:


    Meets with agents and brokers from assigned customer base/territory to solicit business/submissions via marketing efforts and educate agency representative(s) on Liberty Mutual Surety policies, procedures, appetite, and requirements.

    Act in a consultative capacity and discuss/review agency accounts and performance.
    Underwrites new and existing account submissions utilizing underwriting authority granted by Chief Underwriting Officer. May handle most complex accounts based on level of role.

    Makes thorough evaluations and assessments of a customer's financial, technical, organizational, and management capacities, experience, desired objectives as well as a subjective judgment of character, normally based upon data/insights.

    In many cases, will meet with client to facilitate above assessments.
    Performs analytical evaluations of financial statements on both a static and trend basis. Determines the present and historical financial position of the account and monitors financial position of risk through analysis of quarterly statements and work in progress data as appropriate
    Develop/maintain strong relationships with agents/brokers and oversee a book of contract Surety business within defined territory. Meets production, marketing, and profitability goals as set by manager and assist in developing marketing plan.
    Stay abreast of Liberty Mutual Surety product lines and identify cross-selling opportunities with agent, engaging/referring appropriate parties as necessary.
    Responsible for investigation, analyzing, and managing all necessary underwriting/accounting/workflow issues, within framework of Surety policies and procedures.
    Monitor an existing book of business from an underwriting standpoint. Continuously evaluates the qualitative characteristics of the business (new and existing) as assigned. Examples include utilization of self-audit programs, financial ratio analysis report. Makes recommendations to Manager for proper lines of authority to be submitted to Home Office. Monitors and controls utilization of such lines to ensure compliance with guidelines.

    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 more Home Office staff and Bond Managers

    Assists 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.

    In connection with credit recommendations which tend to fall outside of normal underwriting standards, applies sound reason and business logic to reach decision as authorized.

    Effectively documents such logic in file and communicates to more senior Home Office and Field underwriting staff, as necessary.
    Provide direction for topics to be addressed in meetings with agents, customers and others, as necessary.
    Prepare and implement instructions for administering workflows and accounting/billing issues to service unique situations.
    May mentor more junior staff based on level.
    Performs special projects and other duties as assigned.
    Salary and level based on experience and location.

    QualificationsBA/BS in Business Administration or related field typically required.

    A minimum of 5 years' experience expected, typically 7 or more years surety underwriting experience and/or equivalent surety related business experience preferred.

    Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility.

    Demonstrated ability to communicate complex analyses and information in understandable written and/or oral directives to other persons in the organization for underwriting or training purposes.

    Demonstrated effective communication and interpersonal skills in dealing with agents, brokers, CPAs, bankers, attorneys, etc. required.

    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.

    Demonstrated track record of business development.

    About UsAt 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:


    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:

    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.



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