Underwriting Manager, Cyber Lines

Job Locations US-IL-Chicago
ID
2023-60712
Position Type
Full-Time
Minimum Salary
USD $118,500.00/Yr.
Maximum Salary
USD $205,000.00/Yr.
Typical Starting Salary
140,100-183,300
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

The Underwriting Manager will guide, mentor, and coach a team of Underwriters writing Cyber and Technolgy Liability.  The Underwriting Manager contributes to the growth and profitability through marketing, underwriting and managing of the Cyber/Technology Liability product underwriters. This person is responsible for budget, marketing, risk assessment, and broker management for the group.

 

Responsibilities:

  • Leadership: Formally guides, mentors, and coaches underwriters in both technical and professional skills. Responsible for talent processes including selection, development, and performance management, and makes compensation recommendations for assigned staff.
  • Service Value Proposition: Understands and articulates the specialized services Ironshore can offer our Cyber/Technology liability insureds and how they compare to those provided by our competitors.
  • Documenting the Deal: Documents files in a way that reflects a solid thought process and decision making through comprehensive account reviews, sign-offs and referrals
  • Continuous Improvement: Actively participates in continuous improvement by fully engaging in daily huddles, generating suggestions, following appropriate procedures and work principles, participating in problem solving activities, and using continuous improvement tools to support the work of the team
  • Marketing:Contributes to the development of marketing plans, product analysis, services, geographic focus and broker intelligence.Establishes and maintains broker strategy building relationships to facilitate the marketing of Cyber and Tech Liability  products.
  • Effective Communication: Collaborates with other product line underwriters, managers and claims analysts in order to provide comprehensive customer service.

Qualifications

  • Bachelor's degree or equivalent training plus at least 5 years of relevant and progressively more responsible production underwriting experience.
  • Requires 1-2 years of previous people management/supervisory experience.
  • Requires an advanced knowledge of underwriting concepts, practices, procedures and techniques, including, but not limited to coverage issues, product lines, marketing, computers and product competition within the marketplace.
  • Advanced knowledge of Cyber and Tech Liability products.
  • The ability to effectively interact with brokers and internal departments is also required.
  • Strong verbal and written communications, and organizational skills.
  • Strong negotiation, analytical and decision-making skills also required.

About Us

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.

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