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Underwriting Specialist, Programs

Company: Liberty Mutual
Location: Somerville
Posted on: May 10, 2022

Job Description:

Advance Your Underwriting Career at Liberty Mutual Insurance - A Fortune 100 Company
The Program Underwriting Specialist role puts you in the driver's seat to use your multi-line experience to actively oversee, market, and underwrite niche specialty program business. Applicants should be well-versed in applying marketing and sales principles and techniques that will help drive new business prospects to our program administrator while maintaining a profit. Highly effective written and verbal communication skills are desired, including negotiation, presentation, persuasion, and relationship management skills. In partnership with our program administrator, this position develops, grows, and maintains a profitable, diversified book of program business through effective underwriting decision making, mutually-beneficial program administrator relationships, and applying underwriting tools, systems, and expert resources under limited supervision. This role offers visibility; leveraging various internal resources and managing projects can help both our established and new programs innovate to remain competitive.

  • Risk Selection: Guides program administrators to profitable growth of their assigned specialty program(s). Documents files in a way that reflects a solid thought process and decision-making through comprehensive underwriting referrals, adherence to letter of authority and state regulations, and established underwriting guidelines. Conducts file reviews and partners with program administrator(s) to develop action plans when necessary. Develop or revise underwriting guidelines or program administrator authority as needed.
  • Relationships: Build effective relationships with our program administrators. Demonstrates a high level of responsiveness and focus on supporting objectives for assigned program(s). Establishes, develops, and maintains successful internal relationships with marketing, distribution, and territory managers (as applicable) to support program growth. Develops strong working relationship with Claims, Actuarial, Finance, Product, Risk Control, and other departments to enable success for assigned program(s). Exhibits a strong personal brand to build internal and external relationships.
  • Portfolio Management: Manages a sizable and complex book of program business by analyzing the book and identifying areas of opportunity for improved growth, profit, and diversification. Effectively negotiate and influence business plans with our program administrator(s). Lead projects to move assigned program(s) forward.
  • Leadership: Formally guides, mentors, and coaches both program underwriters and internal underwriters and account analysts (as applicable) in technical and professional skills. Demonstrates expertise and provides regular updates to other underwriters.
  • Continuous Improvement: Actively participates in continuous improvement by generating suggestions, participating in problem-solving activities, and using continuous improvement tools to support the team's work. Embraces a growth mindset. Stays current on trends impacting the insurance industry. Lead training to help build the underwriting acumen of program underwriters. Supports diversity, equity and inclusion efforts.Knowledge of insurance products/coverage, prior underwriting experience including pricing, risk selection, market segments, and marketplace; insurance finance and actuarial concepts a plus; loss control/risk engineering; marketing techniques, regulatory environment, and reinsurance. Ability to apply underwriting/appetite, tools, systems, leverage data to drive underwriting decisions and internal resources to achieve goals, solve complex problems, establish and build productive working relationships internally and externally, lead mentoring relationships (as needed), and negotiate. A bachelor's degree and five to ten years of relevant experience preferred; CPCU or professional insurance designation(s) preferred. Prior specialty insurance underwriting or program experience is a plus. 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 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: 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.

Keywords: Liberty Mutual, Somerville , Underwriting Specialist, Programs, Other , Somerville, Massachusetts

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