Senior Underwriting Executive

3 weeks ago


Stamford, Connecticut, United States Liberty Mutual Insurance Full time
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

Leverages deep market insights (e.g., extrapolating granular trends, competitor positioning and anticipated behavior) to opine on underwriting policies, pricing, and strategy, and is athought partner for the following LOB:

  • Professional Liability- include D+O, Lawyers,
  • Accountants, Miscellaneous E+O
  • Transactional Liability
  • Healthcare
  • Environmental
  • Life Sciences
  • A&H

Portfolio Responsibilities

Develop annual reinsurance business plan in conjunction with LMRe CUO that emphasizes corporate profitability targets, maintains premium thresholds and controls accumulations.

  • Maintain relevant underwriting guidelines that adhere to corporate risk tolerances and ensure compliance of such.
  • Delegate necessary Letters of Authority (LOAs) to team to underwrite new and renewal casualty reinsurance programs that meet business plan and adheres to guidelines.
  • Coordinate underwriting audit schedule to ensure continued acceptable performance. Implement a marketing plan to build targeted portfolio, establish and maintains positive relationships with brokers and ceding companies to secure opportunities compatible with business plan objectives.
  • Active participation in Global Product Line meetings by providing relevant information/support of LMRe portfolio.
  • Maximize portfolio optimization through regular strategic interaction with Portfolio Management, Actuarial and Claims teams to recognize
  • KPIs/market leading indicators/cycle trends to proactive flex Specialty Casualty portfolio.

Underwriting Process Responsibilities

  • Proactive coordination and collaboration with all functional teams in the account due diligence and monitoring process, including but not limited to Account Huddle Meetings, client meetings, quarterly performance meetings, etc.
  • Provide all necessary information/data for portfolio management and Planning work in a timely and comprehensive fashion.
  • Ensure timely completion of all underwriting/compliance/finance system-related requirements
  • Active participation in corporate-level tools such as Salesforce/PowerBI.
  • Serve as a technical resource for relevant business for GRS-related projects and Global Product
  • Board activities to proactively seek greater LOB knowledge.
  • Collaborate with global teammates to share market knowledge, account information and LOB exp
  • Regularly engages with partners across functions on accounts and broader initiatives, e.g., market/ external engagement, bringing the best expertise to bear.
  • Maintains relationships across functional areas.
  • Helps colleagues build relationships and implement cross-functional learning
  • Assists in the development of market monitoring AI tools and provides relevant guidance on challenging accounts and relationships

Management Responsibilities

  • Active participation in LMRe global and US Reinsurance management activities
  • Establish transparent and open communication within the wider GRS/LMRe Global Team
  • Provide consistent leadership and guidance to the underwriting team.
  • Assist in career development opportunities of casualty team members through distributing corporate related programs and projects.
  • Proactive involvement in all corporate related projects.
  • Be a positive agent of change by actively supporting corporate initiatives such as business strategy, new technology and process enhancements
  • In addition to leading direct team, formally or informally is a mentor to more junior colleagues, guiding them on longer-term considerations e.g., career aspirations. Is a mentee or reverse mentor to senior underwriters/leaders.
Qualifications

7-10 years of experience

About Us

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:

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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