Commercial Underwriter

Overview

Liberty Mutual Surety™ is currently recruiting for a Surety Underwriter to join our Northeast Large Contract team.

As a Surety Underwriter you will develop and underwrite profitable surety business, and service independent agents, brokers, and large contract accounts within an assigned territory. Using your relationship skills, you will build and maintain positive partnerships with our agents, brokers, and accounts as a trusted advisor and underwriting resource for our producers and customers. 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 one of the world’s largest global surety providers. We conduct business worldwide through fronting relationships and Liberty-owned subsidiaries, providing bonds in over 60 countries for construction firms, manufacturers, 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 values a diverse workforce in more than 18 countries.

• Underwrite and negotiate accounts to maximize profitability while minimizing risk, including complex accounts based on level of responsibility; evaluate customer’s financial, technical, organizational, and management capacities, including experience and objectives as well as character.
• Manage profitability and retention of an assigned book of business while developing the portfolio through relationships and engagement with new and existing agents and brokers. May assist in developing the marketing plan.
• Perform analytical evaluations of financial statements on static and trend basis; determine present and historical financial position and monitor risk through quarterly statements and work-in-progress data.
• Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines and identify opportunities with agents and brokers, leveraging domestic and global capabilities.
• Investigate, analyze, and manage underwriting/accounting/workflow issues within the framework of Surety policies and procedures.
• Assess and identify changes in aspects of the business including work program to financial strength criteria, nature of work performed (inherent risk), data flow accuracy/timeliness, and exposure analyses; coordinate with Home Office Underwriters and Field Management.
• Assist in evaluating business continuity arrangements and funding mechanisms 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.
• Perform special projects and other duties as assigned.

• Bachelor's degree in Finance, Accounting or equivalent with a minimum of 3 years experience, preferably 5+ years in surety underwriting or related field; strong preference for large contract surety product line.
• Solid understanding of financial and accounting principles and ability to demonstrate sound business judgment in evaluating financial condition and credit history.
• Proven analytical ability to evaluate and judge surety underwriting risks within scope of responsibility.
• AFSB certification preferred.
• Ability to communicate complex analyses clearly in written and/or oral directives for underwriting or training purposes.
• Strong communication and interpersonal skills.
• Excellent organizational skills and attention to detail.
• Salary and level based on experience and location.

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.

At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our…