Senior Surety Underwriter

5 days ago

Plymouth Meeting, Pennsylvania, United States Liberty Mutual Full time
About the Role

We are seeking a highly skilled and experienced Surety Underwriter to join our team at Liberty Mutual. As a Surety Underwriter, you will play a critical role in developing and underwriting profitable surety business, and servicing independent agents, brokers, and core contract accounts within an assigned territory.

Key Responsibilities
  • Underwrite and negotiate accounts to maximize profitability while minimizing risk, which may include the most complex accounts based on level of role.
  • Manage the profitability and retention of an assigned book of business while continuing to develop the portfolio through strong relationships and active engagement with new and existing agents and brokers.
  • Perform analytical evaluations of financial statements on both a static and trend basis, determining the present and historical financial position of accounts and monitoring financial position of risk through analysis of quarterly statements and work in progress data as appropriate.
  • Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines and identify/promote opportunities across with agents and brokers, leveraging domestic and global capabilities.
  • Responsible for investigation, analyzing, and managing all necessary underwriting/accounting/workflow issues, within framework of Surety policies and procedures.
  • 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 Home Office Underwriters and Field Management.
  • 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.
  • May mentor more junior staff based on level.
  • Performs special projects and other duties as assigned.
Requirements
  • Bachelor's degree in Finance, Accounting or equivalent and a minimum of 5 years experience expected, preferably 7 or more years surety underwriting experience and/or equivalent surety related business experience.
  • Solid understanding of financial and accounting principles and the ability to demonstrate sound business judgment in the evaluation of the financial condition and credit history.
  • Proven analytical ability to evaluate and judge surety underwriting risks within scope of responsibility.
  • AFSB certification preferred.
  • Demonstrates strong ability to communicate complex analyses and information in understandable written and/or oral directives for underwriting or training purposes.
  • Demonstrates strong communication and interpersonal skills.
  • Excellent organizational skills as well as attention to detail.
  • Salary and level based on experience and location.

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