What are the responsibilities and job description for the Executive Underwriter, Financial Institutions position at Liberty Mutual Insurance Group?
Underwrite Financial Institutions risks (D&O, Fiduciary, EPLI and related financial lines) for a portfolio of wholesale and retail brokers and clients, exercising authority to price and bind business. Manage a book of business that includes community, regional and national institutions as well as specialty financial firms, focusing on accounts that are complex, multi‑jurisdictional or large in individual line size. Use analytical rigor and portfolio data to assess risk, set pricing and monitor aggregate exposures (concentration, correlated liabilities, sector trends). Maintain and grow strategic relationships with senior brokers, agents and distribution partners who specialize in financial institutions placements. Provide detailed technical placement guidance and clearly articulate critical coverage differences and exclusions relevant to financial institutions (e.g., regulatory investigations, enforcement exposures, client asset claims, ERISA/fiduciary matters). Contribute high‑value input to underwriting and marketing plans using advanced portfolio insights and predictive analytics. Partner closely with Claims, Actuarial, Legal and Directors of Underwriting to shape terms, influence reserving and refine appetite across the FI franchise. Participate in cross‑functional projects to streamline underwriting processes, improve submission workflows and deliver product enhancements. Stay current on key legal decisions, regulatory developments and industry guidance affecting financial institutions (SEC/FINRA actions, FDIC/OCC guidance, Dodd‑Frank implications, pension fiduciary rulings) and translate that knowledge into actionable underwriting positions. Share expertise externally (broker briefings, market events, thought leadership) and internally through mentoring, coaching and training for underwriters and underwriting support teams. Degree in Business or equivalent typically required A minimum of 7 years expected, typically 10 years or more, of progressive underwriting experience and/or other related business experience RPLU or professional insurance designation preferred Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility Demonstrated ability to communicate complex analyses and information in understandable written and/or oral directives to other persons in the organization for underwriting or training purposes Demonstrated effective communication and interpersonal skills in dealing with internal and external stakeholders Must demonstrate comprehension of most complex technical underwriting issues and be capable of defining and implementing necessary underwriting and administrative processes/workflows to properly manage or administer those issues Proven track record of developing and underwriting profitable business
