Senior Underwriter, Treaty Property Reinsurance

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.

Are you ready for the next step in your career? If so, this dynamic opportunity could be for you. You will be responsible for the profitable growth of an catastrophe excess of loss assumed reinsurance portfolio. Achieve a return on equity consistent with Company objectives. Establish and execute a marketing plan that facilitates desired level of growth and profitability. Track and handle the catastrophe accumulation exposure presented by the book. Work with the Director of Assumed Claims to resolve coverage or payment issues. Work with Actuarial and Reinsurance Accounting regarding overall results and reserves including discussion of claims issues. Work with catastrophe modeling in exposure analysis of an account and ensure compliance within established aggregate thresholds. You will serve as a technical resource on underwriting and reinsurance issues. Does this speak to your strengths?

Senior Underwriter: $103,000- $170,800. Annual FTO days (Flexible Time Off): 20

Executive Underwriter: $127,000 - $225,000. Annual FTO days (Flexible Time Off): 20

Responsibilities:

• You will annually draft an assumed reinsurance business plan that emphasizes diversified growth, controls aggregate exposures, achieves a return on equity that meets Company standards, and maintains an acceptable level of catastrophe protection.
• Underwrites new and renewal catastrophe excess of loss reinsurance programs as well as potential involvement in pro rata and risk excess of loss placements that meet department and business plan guidelines. Perform underwriting audits to ensure continued acceptable performance.
• Develop and implement a marketing plan to facilitate profitable growth. Establishes and maintains positive relationships with brokers and reinsurers to secure opportunities compatible with business plan objectives.
• Track and lead aggregate exposures presented by the assumed book so they remain within business plan parameters.
• Collaborates with the Assumed Reinsurance Underwriting Manager to develop underwriting strategies, techniques, and guidelines.
• Serve as a technical resource to the SBUs and Reinsurance Department on underwriting

** There may be consideration for slightly higher or lighter profiles as we are looking at Underwriting Officer Reinsurance and/or a Director of Assumed Reinsurance for this role.  

• BA or BS degree with a minimum of 5 years of relevant insurance operations experience with preferably 3-5 years underwriting catastrophe excess of loss treaties.
• Specific knowledge and understanding of catastrophe models, specifically AIR and RMS.
• A reinsurance background is strongly preferred. The ideal candidate ought to have strong oral and written communication skills and experience writing and executing business plans focused on developing and underwriting a portfolio of property risks generating an acceptable return on equity
• A solid understanding of reinsurance underwriting, claims, accounting concepts, systems and procedures is desirable.
• Needs to have strong broker and reinsurer contacts.
• Marketing experience is a plus.
• A familiarity with Liberty's structure, department/SBU functions, and information systems would be beneficial.

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.