Senior Underwriter, Equipment Breakdown Specialist

6 days ago


Chicago, Illinois, United States Liberty Mutual Full time
Job Summary

We are seeking a skilled Senior Underwriter to join our Equipment Breakdown team at Liberty Mutual. As a key member of our team, you will be responsible for developing and growing a profitable book of business through underwriting decision-making, building relationships with agents and brokers, and applying underwriting tools and systems.

Key Responsibilities

• Risk Selection: Evaluate and assess business applications for insurance, identifying and selecting risks, determining premiums and policy terms, and negotiating deals with agents and brokers.
• Agent/Broker Relationships: Develop and maintain successful relationships with agents and brokers to facilitate marketing of products and services.
• Portfolio Management: Analyze and manage a book of business to identify opportunities for growth, profit, and diversification, and execute marketing plans to increase market share.
• Documenting the Deal: Document files in a way that reflects a solid thought process and decision-making, complying with state regulations and underwriting guidelines.
• Leadership: Guide, mentor, and coach underwriters and account analysts in technical and professional skills, and participate in continuous improvement activities.

Qualifications

We are looking for an individual with intermediate-level knowledge of insurance products and coverage, underwriting, pricing, risk selection, and market segments, as well as advanced-level knowledge of territory management. A related bachelor's degree and four to seven years of relevant experience are preferred, along with a CPCU or professional insurance designation.

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