Executive Underwriter, Technology Lead Middle Market

Liberty Mutual Insurance
Warrenville, IL, US
$80K a year
Full-time

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

The Executive Underwriter, Technology Lead Middle Market is responsible for developing, growing and maintaining a profitable book of technology Property & Casualty business through marketing, underwriting decision making, building mutually beneficial agent / broker relationships and establishing a market-facing leadership presence, and application of underwriting tools, systems, and expert resources.

Guides / mentors less experienced underwriters in their respective area of expertise, including regular employee coaching with feedback to the manager on progress of the employee.

  • Risk Selection : Reviews, rates, underwrites, 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.

Establishes, develops, and maintains successful relationships with Agents and Brokers to facilitate marketing of products, through responsive service, site visits, in person renewal meetings or enhanced knowledge of their customers businesses.

Develops strong personal brand to build and maintain a long-term quality pipeline with Agents / Brokers.

  • Portfolio Management : Manages a sizable and complex book of technology business by analyzing the portfolio, identifying areas of opportunity for improved growth, profit and diversification, and executing marketing plans to increase market share by making marketing calls to brokers to market and cross market.
  • 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 that comply with state regulations, letter of authority, and underwriting guidelines.
  • Leadership : Formally guides, mentors, and coaches underwriters and account analysts in both technical and professional skills.

Demonstrates an area of expertise and provides regular updates to other underwriters.

Continuous Improvement : Actively participates in continuous improvement by generating suggestions, participating in problem solving activities and using continuous improvement tools to support the work of the team.

Qualifications

Qualifications :

  • Advanced-level knowledge of insurance products / coverage, underwriting, pricing, risk selection, market segments and marketplace;
  • insurance finance and actuarial concepts; loss control / risk engineering; marketing techniques, regulatory environment and reinsurance;

advanced-level knowledge of territory management.

  • Ability to apply underwriting / appetite, tools, systems, and resources to achieve goals, solve complex problems, establish and build healthy working relationships, lead mentoring relationships, and negotiate.
  • A related bachelor's degree; seven to ten years of relevant experience preferred; CPCU or professional insurance designation strongly preferred.
  • Minimum of five years of underwriting technology business.
  • Technology E&O and Cyber experience strongly preferred.

About Us

This position may have in-office requirements depending on candidate location.

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 :

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 :

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.

Fair Chance Notices

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