Commercial Surety Underwriting Consultant

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.

With limited direction from the Bond Manager, markets, underwrites, and administers the most complex accounts and develops creative solutions. Proven ability to work with complex agency situations and develop creative solutions. Proven ability to Possesses a superior level of technical expertise, knowledge of territory and agency understanding. Serves as a resource to other Surety employees. Mentors junior and new hire employees. Monitors the quality of underwriting in assigned offices utilizing self-audit processes and/or other techniques. Evaluates and analyzes new surety obligations and provides management with statistical reporting, as assigned.

Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the world's largest global 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 16 countries.

Responsibilities

• Assists Manager in book of business risk analysis for territory by using financial ratio analysis report, S P, KMV and/or other related tools. Analyzes all statistical reports, claims data, and other financial exhibits, as directed by Manager.
• Performs analytical evaluations on financial statements on both a static and trend basis. Determines an underwriting position of the most complex risks, and monitors their financial position through analysis of interim financial statements and work in progress data as appropriate. Recommends, implements and monitors milestones and potential exit strategy on accounts showing high risk trends.
• Responsible for analyzing, and managing all necessary underwriting/accounting/work flow issues, within framework of Surety/Global Specialty policies and procedures, on the most complex risks. Some examples include, but are not limited to, multiple surety accounts, captive reinsurance programs, joint ventures, and international transactions.
• Independently meets with the accounts to assess their general management acumen, past experience, work experience of key personnel, depth of organization and desired work objectives, i.e. credit needs in the future, to ensure that work undertaken will be successfully prosecuted.
• Develops a book of business strategy through building and maintaining relationships with agents/brokers, and monitoring the quality of account underwriting and quality of business, as assigned. Examples include utilization of self-audit programs, Peer Review, financial ratio analysis report, etc. Meets production, marketing, and profitability goals as set by manager and participates in developing a marketing plan.
• Review, recommends and independently negotiates with internal and external parties, which may include CPAs, bankers, lawyers, architects, engineers and subcontractors to secure additional underwriting detail, as neces sary, to assess risk on preliminary and ongoing basis.
• Monitors work of other underwriters in the office to ensure that account analyses are completed in accordance with underwriting and service standards. Mentors new underwriters/intern/trainees assists and supports less experienced underwriters with respect to complex underwriting issues identifies topics to be addressed in meetings with agents, contractors and others, as necessary.
• Assists Managers by partnering with underwriters in their visits to larger producers and complex contractors/clients and developing marketing plans regarding underpenetrated agents and territory. Promotes growth with agents where Surety has an established book/relationship.
• Assists Surety Accounting in the collection of agency/account overdue accounts receivable, accounting/billing issues as needed. 
• Makes recommendations to Manager and/or Home Office for proper lines of authority regarding accounts under their responsibility to be submitted to Home Office. Monitors and controls utilization of such lines to ensure compliance with guidelines. Serves as a subject matter expert and lead for other underwriting personnel. Provides analytical reports to Manager/UO as directed. 

Please note: Level of position and compensation based on location and experience.

• BA/BS degree typically required
• A minimum of 7 years expected, typically 10 years or more progressive 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 most complex technical underwriting issues and be capable of defining and implementing necessary underwriting and administrative processes/ work flows to properly manage or administer those issues
• Demonstrated track record of business development

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: 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.