Director of Underwriting for Middle Market Energy

Job Locations US-MA-Boston | US-WA-Seattle | US-IL-Chicago | US-TX-Plano | US-GA-Atlanta | US-Remote
ID
2023-59844
Position Type
Full-Time
Minimum Salary
USD $130,700.00/Yr.
Maximum Salary
USD $228,500.00/Yr.
Typical Starting Salary
155,000-204,000
Flexible Time Off Annual Accrual - days
20

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

Job Summary:  

Director, Underwriting for Energy acts as the first point of contact for the frontline UW teams for all questions, key decisions or referrals. They are responsible for sharing technical expertise through transactional support, consults, training, and audits across Middle Market for Energy. This role will have dual accountability to the Head of Energy Middle Market and the Middle Market CUO  

 

To be considered candidates must have underwriting experience in the commercial P&C insurance industry - vertical segment experience preferred

 

Job Duties 

  • Supports the Middle Market CUO and business leaders with the product and underwriting components of strategy and planning processes.  
  • Supports the Middle Market CUOs, Technical Directors peers and Business Leaders in completing their respective product plan templates.  
  • Collates product information to inform planning and tracks progress against the defined plan and strategy for their respective Industry.  
  • Provides subject matter expertise and advisory support to Middle Market CUOs or profit center Technical Directors for complex referrals or unusual market developments.  
  • Manages authority and referrals at the Industry level, where delegated by the Middle Market CUO, with authority to resolve issues locally where appropriate 
  • Monitors frameworks for underwriting decisions (e.g., referrals, technical reviews) and recommends improvements, as needed.  
  • Regularly evaluates Industry portfolio performance at either the NA or profit center level, working with Underwriting Leaders to identify drivers of performance, risks, and opportunities.  
  • Regularly gathers and synthesizes Industry trends, from top-down (e.g., GPLs/Product Boards) and bottom-up (e.g., field Underwriting Leaders) and ensures that business wide product related developments are cascaded into the NA profit center teams.  
  • Drives UW technical excellence across the industry, working with Underwriting Leaders to identify and resolve issues.  
  • Works with Underwriting Leaders to identify product and services enhancements, capability development opportunities (e.g., skills, tools), and elevates to Middle Market leadership 

Qualifications

  • Strong technical underwriting expertise
  • Experience in relevant markets
  • Ability to effectively partner with multiple stakeholders and building relationships
  • Experience with portfolio management
  • Demonstrated expertise in Energy 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. 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, please visit https://www.libertymutualgroup.com/about-lm/careers/benefits

 

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. 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

 

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.

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