Senior Underwriter - Construction, West CA
Company: Liberty Mutual
Location: Los Angeles
Posted on: May 6, 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 We are focused on building our Construction team! Join
our dedicated specialty underwriter group and own your territory!
Liberty Mutual National Insurance Specialty Construction handles
Middle Market to National Account-sized Construction business
sharing specialized knowledge of construction and risk management
with our agents and brokers. We foster underwriter judgment and
emphasize local decision making. It's an excellent opportunity for
a talented commercial insurance underwriter with construction
expertise, confidence and deal orientation.
**Ideal candidate is located in one of the following metro areas
with an active network of broker relationships - San Francisco, Los
Angeles, Orange County, Sacramento, Portland**
Responsibilities:
Develop and maintain highly effective business relationships with
assigned agents and brokers in order to attract, develop/grow and
retain profitable business in your assigned territory.
Evaluates a prospect's/renewal's financial standing, operational
strategy, and industry trends to determine whether to proceed with
the account, and if so, under what terms and conditions.
Performs a hazard analysis by combining knowledge and experience
with available information on the prospect's/renewal's and its
industry, and where appropriate, collaborates with experienced
underwriters and other departments to evaluate a
prospect's/renewal's potential exposure to loss.
Applies understanding of insurance with the hazards identified for
the customer to assess the customer/broker request and determine
acceptable coverage grants by line of business that address the
customer's critical insurance and service needs.
Using assessments of the prospect's/renewal's operations and
anticipated hazards, losses (primary & excess), and expenses
(service requirements), applies knowledge of pricing tools, manual
rates, rating plans, and reinsurance, develops a price for each
coverage and rating plan option under consideration that meets or
exceeds target returns, and has accountability and ownership of
account pricing recommendations.
Given the customer/broker request, the hazard, coverage, and loss
analyses, and the competitive situation, recommends program
structures (coverage, limits/retention, rating plan/pricing, and
billing combinations) achieving desired Business Unit goals,
including long term profitability.
Completes all required steps on documentation and account
management.
Communicate and collaborate across the organization- such as
Claims, Product Management, Loss Control, Legal, Credit,
Distribution, and Production-- to provide solutions/recommendations
and achieve organizational success.
The above statements are intended to describe the general nature
and level of work being performed by people assigned to this
classification. They are not intended to be construed as an
exhaustive list of all responsibilities, duties and skills required
of personnel so classified.
QualificationsThe ideal candidate is a highly knowledgeable and
disciplined underwriter with experience managing construction risks
and a track record of growing a book of business that performs well
over the long term.
Excellent knowledge of commercial insurance coverages, contracts
and underwriting guidelines as normally acquired and a related
bachelors degree eight to ten years of commercial lines
underwriting experience preferred
Ability to make good business decisions based upon a mixture of
analysis, wisdom, experience, and judgment.
Strong communication and influencing skills to build immediate
credibility, both internally and externally; an ability to present
effectively to a wide range of audiences
Ability to negotiate skillfully in tough situations; gains trust of
others and has a good sense of timing
Insurance specific designations (e.g. CPCU, CRIS) desired
Bachelor's or advanced degree required.
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
San Francisco
Los Angeles
Philadelphia
Keywords: Liberty Mutual, South Gate , Senior Underwriter - Construction, West CA, Professions , Los Angeles, California
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