Senior Surety Underwriter, Commercial Surety CA
Company: Liberty Mutual
Location: Orange
Posted on: April 23, 2024
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Job Description:
Pay PhilosophyThe 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 Liberty Mutual Surety--- is currently recruiting for a
Surety Underwriter to join our Walnut Creek Commercial Surety
team.
As a Surety Underwriter you will develop and underwrite profitable
surety business, and service independent agents, brokers, and
Commercial Surety accounts within an assigned territory. Using your
excellent relationship skills, you will build and maintain positive
partnerships 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 the world's largest globally Surety, including in the United
States. Conducting business worldwide through fronting
relationships and Liberty-owned subsidiaries, we provide bonds in
over 60 countries for construction firms, manufacturers and
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 highly
values a diverse workforce in more than 18 countries.
Responsibilities:
Underwrite and negotiate accounts to maximize profitability whilst
minimizing risk, which may include the most complex accounts based
on level of role. Makes thorough evaluations and assessments of a
customer's financial, technical, organizational, and management
capacities, including experience, desired objectives as well as a
subjective judgment of character.
Manage the profitability and retention of an assigned book of
business while continue to develop the portfolio through strong
relationships and active engagement with new and existing agents
and brokers. May assist in developing the marketing plan.
Performs analytical evaluations of financial statements on both a
static and trend basis. Determines the present and historical
financial position of accounts and monitors financial position of
risk through analysis of quarterly statements and work in progress
data as appropriate.
Stay abreast of Liberty Mutual Surety and Global Risk Solutions
product lines and identify/promote opportunities across with agents
and brokers, leveraging domestic and global capabilities.
Responsible for investigation, analyzing, and managing all
necessary underwriting/accounting/workflow issues, within framework
of Surety policies and procedures.
May assess and identify changes in all aspects of the business
including, but not limited to, work program to financial strength
criteria, nature of work performed (inherent risk), accuracy and
timeliness of data flow, and exposure analyses. Coordinate and
surface issues to Home Office Underwriters and Field
Management.
Assists in the evaluation of business continuity arrangements and
funding mechanisms (such as adequacy of life insurance) 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.
Performs special projects and other duties as assigned.
QualificationsBA/BS in Business Administration or related field
typically required.
A minimum of 5 years' experience expected, typically 7 or more
years surety underwriting experience and/or equivalent surety
related business experience 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 agents, brokers, CPAs, bankers, attorneys, etc.
required.
Must demonstrate comprehension of complex technical underwriting
issues and be capable of defining and implementing necessary
underwriting and administrative processes/ workflows to properly
manage or administer those issues.
Demonstrated track record of business development.
About UsAt 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.
Fair Chance Notices
California
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Los Angeles
Philadelphia
Keywords: Liberty Mutual, Laguna Beach , Senior Surety Underwriter, Commercial Surety CA, Accounting, Auditing , Orange, California
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