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Liberty Mutual
Manhattan, NY | Full Time
$62k-81k (estimate)
1 Week Ago
Underwriter, Financial Lines
Liberty Mutual Manhattan, NY
$62k-81k (estimate)
Full Time | Insurance 1 Week Ago
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Liberty Mutual is Hiring an Underwriter, Financial Lines Near Manhattan, NY

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

Market facing production underwriting role with expectations to develop knowledge and skills needed to appropriately evaluate the acceptability of risk for Directors & Officers, Employment Practices, Fiduciary and Crime Liability products, primarily for private and not-for-profit commercial industry classes. Partners with brokers to manage a book of business, both new and renewal, which includes marketing activities to support relationship growth with targeted partner markets.

This is is a hybrid office role in the posted location


Responsibilities

Acquires the knowledge and skills required to perform the following duties:

  • Risk Selection: Evaluates or assesses the business applying for insurance by qualifying accounts identifying, selecting and assessing risks determining the premium, policy terms and conditions obtaining approvals creating/presenting the proposal to the agent/broker and successfully negotiating deals.
  • Agent/Broker Relationships: Demonstrates a high level of responsiveness and focus on supporting Agents and Brokers objectives, while also operating within Liberty's internal framework and appetite for specific products and other guidelines. Develops and maintains the relationship through responsive service, site visits, in person renewal meetings or knowledge of their customers businesses.
  • Portfolio Management: Manages a book of business by analyzing the portfolio, identifying areas of opportunity for improved growth, profit and diversification, and executing marketing plans to increase market share with preferred brokers.
  • Documenting the Deal: Documents files in a way that reflects a solid thought process and decision making through comprehensive account reviews, sign-offs and referrals.
  • Continuous Improvement: Actively participates in continuous improvement by fully engaging with team members, generating suggestions, following appropriate procedures and work principles, participating in problem solving activities, and using continuous improvement tools to support the work of the team.
  • Claims: Familiar with the full spectrum of activities, practices, tools, and considerations for handling claims. Understands basic principles, techniques and terminology of claims handling.
  • Project Management: Ability to plan, organize, monitor, and control projects, ensuring efficient utilization of technical and administrative resources, to achieve project objectives.
Qualifications
  • Effective teamwork, relationship building; accuracy and attention to detail; negotiation; written and verbal communication
  • Ability to use multi-faceted systems, organize time, manage work independently, analyze risks, and demonstrate decisiveness while making quality decisions
  • Skills and experience as normally acquired through Bachelor degree and 1 to 2 years of professional 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: https://jobs.libertymutualgroup.com/diversity-inclusion
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: https://LMI.co/Benefits
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.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Insurance

SALARY

$62k-81k (estimate)

POST DATE

04/25/2024

EXPIRATION DATE

06/24/2024

WEBSITE

libertymutualgroup.com

HEADQUARTERS

BOSTON, MA

SIZE

15,000 - 50,000

FOUNDED

1912

CEO

EDMUND F KELLY

REVENUE

$10B - $50B

INDUSTRY

Insurance

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