Senior Underwriter

Company: Liberty Mutual Insurance
Location: Philadelphia
Posted on: February 1, 2025

Job Description:

Schedule: Full-Time Salary Range: USD $68000.00 - $212000.00 Job Category: Underwriting 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 Senior Underwriter will manage a book of renewal property policies within their underwriting authority, with guidance from different levels of the business unit. Makes decisions on whether to underwrite new business by making analytical, data-driven decisions including pricing the risk with a keen eye on profitability. In this role you will be likely to underwrite complex and unusual policies, including primary layers, excess CAT layers, and large, non-CAT layers. Responsibilities: --- Manages portfolio of brokers/agents and clients. Leverages market presence and knowledge to develop and underwrite profitable business, acting as a representative for Liberty Mutual. --- Maintains a strong market presence, including established relationships with agents and brokers. Looks to strengthen these relationships and develop new ones. --- Contributes ideas for product development and participates in development and execution. Contributes to team projects (e.g., process / tool improvement). Understands the work implications of relevant legislation and regulation. --- Collaborates effectively across teams, stakeholders, and partners (e.g., UW Support, Claims, Risk Control, Actuarial, Directors of Underwriting). --- Mentors junior underwriters and new hires (not as a line manager). --- May analyze the department`s portfolio and make suggestions for development. --- May recognize and communicate emerging trends of exposures within line of business expertise. Qualifications Degree in Business or equivalent typically required A minimum of 2.5 years, typically 3 or more years, of progressive property underwriting experience and/or other related experience CPCU or professional insurance designation preferred Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility that includes competence with all phases and aspects of the underwriting process, and proficiency in the use of qualitative and quantitative tools and techniques 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 Proven track record of developing and underwriting profitable business 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. 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. 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 San Francisco Los Angeles Philadelphia Employment Type: Full Time

Keywords: Liberty Mutual Insurance, East Orange , Senior Underwriter, Other , Philadelphia, New Jersey