Subcontractor Default Insurance Underwriting Officer

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.

Liberty Mutual Surety is seeking an Underwriting Officer to join our growing Subcontractor Default Insurance (SDI) team. As a leadership position, the Underwriting Officer must have the ability to articulate thoughts clearly while influencing and leading with integrity. The Underwriting Officer will engage in thoughtful underwriting and engagement of customers, as well as establish and oversee the execution of business strategies, underwriting standards, and operating objectives. This position includes marketing products and services to key agents and brokers throughout the United States and Canada and may also include managing a team of underwriters and risk engineers.

Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the world’s largest globally 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 18 countries.

Responsibilities:

• Underwrite and select risks with appropriate pricing and terms, through the review and analysis of financial, capacity, and operational systems and controls. Participate and/or lead planning efforts (as assigned), coordination, and implementation of the SDI Business Plan.
•  Market products and services through agencies/brokers. Develop, leverage, and maintain strong agency/broker and Insured relationships.
• Assist with new product development, implementation, and oversight. Champion underwriting excellence across the business. Support the development, implementation, and execution of processes for Product Line leadership and Liberty Mutual Senior Management.
• Collaborate with cross-functional teams such as claims, operations, legal, and actuarial. Ensure an optimal portfolio management strategy delivering sustainable and profitable growth to the organization. Enhance the use of data/analytics and technology.
• Provide strategic guidance and support on key underwriting and growth initiatives. Lead, develop, and motivate team members.
• Demonstrate the value we bring to the different segments of our producer delivery network. Leverage strong broker relationships to effectively promote and represent Liberty Mutual with customers and at industry events.
• Demonstrate industry thought leadership through training, presentations, panel participation, podcasts, and other communications. This position may include management responsibilities.
• Special projects as assigned.

• Bachelor`s degree or equivalent experience, MBA preferred; undergraduate degree in business, engineering, math, statistics or actuarial science is desired.
• 10 years underwriting, broker or general contractor risk management experience typically expected with in-depth knowledge of Subcontractor Default Insurance.
• Broad understanding of the construction industry, strategic operational risks and opportunities; Ability to identify vulnerabilities in controls in the management of subcontractor exposures.
• Demonstrates experience in continuous improvement in identifying, analyzing and improving upon existing business processes for optimization and to meet new standards of quality
• Strong analytic, numerical, communication (written and verbal) and leadership skills will be essential.
• Experience in an underwriting, broker, or general contractor environment; field interactions and support.
• Demonstrable track record of profitable transactions and generating business growth consistent with executing business plans.
• Leverage strong broker relationships to effectively promote and represent Liberty Mutual.

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.