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Liberty Mutual Insurance Company

Sr. Surety Underwriter/Consultant - Contract Surety

Liberty Mutual Insurance Company - King of Prussia, PA

Sr. Surety Underwriter/Consultant - Contract Surety - King of Prussia, PA','92010','!*!Advance Your Surety Underwriting Career at Liberty Mutual - A Fortune 100 Company!

 

Liberty Mutual Surety™ has an excellent opportunity for an experienced Surety Underwriter to join our Contract team in King of Prussia, PA.  In this role, you will market, underwrite, and service independent agents, brokers, and contract accounts within an assigned territory. Using your excellent rapport building skills, you will build and maintain positive relationships and will market to your territory focusing on relationship building rather than transactional sales.   You will also use your business and financial acumen to perform primary credit underwriting and financial/risk analysis, provide recommendations, and make decisions on new and existing accounts. This is an excellent opportunity for an experienced and self-motivated surety professional looking to advance their career with a top surety company that focuses on its employees and customers first. Level of experience and salary based upon experience.

 Liberty Mutual Surety is a global operating division of Liberty Mutual Insurance, and is the 2nd largest and most admired Surety Company. We specialize in providing contract surety bonds for construction firms, manufacturers and suppliers, and commercial surety bonds for corporations and individuals on an account and transactional basis, and conduct business worldwide through fronting relationships and Liberty owned subsidiaries, with bonds issued in over 40 countries. We pride ourselves on our outstanding service to agents and customers throughout our field offices across the U.S., and in Mexico, Canada, Brazil, UK, Australia, Italy, France, Germany, and Hong Kong. We are committed to our value proposition of building mutually profitable relationships by providing smart business solutions, ease of doing business, and consistent, responsive service.  Liberty Mutual is dedicated to the communities we serve and values highly a diverse workforce.

 

Responsibilities: 

Meets with agents and brokers from assigned customer base/territory to solicit business/submissions via marketing efforts and educate agency representative(s) on Liberty Mutual Surety policies, procedures, appetite, and requirements.   Act in a consultative capacity and discuss/review agency accounts and performance.

Underwrites new and existing contractor account submissions utilizing underwriting authority granted by Chief Underwriting Officer.  Makes thorough evaluations and assessments of a contractor's financial, technical, organizational, and management capacities, past experience, desired work objectives as well as a subjective judgment of character, normally based upon data/insights.  In many cases, will meet with client to facilitate above assessments.

Performs analytical evaluations of financial statements on both a static and trend basis. Determines the present and historical financial position of the account and monitors financial position of risk through analysis of quarterly statements and work in progress data as appropriate 

Develop/maintain strong relationships with agents/brokers and oversee a book of contract Surety business within defined territory. Meets production, marketing, and profitability goals as set by manager and assist in developing marketing plan.

Stay abreast of Liberty Mutual Surety product lines and identify cross-selling opportunities with agent, engaging/referring appropriate parties as necessary.

Responsible for investigation, analyzing, and managing all necessary underwriting/accounting/work flow issues, within framework of Surety policies and procedures.

Monitor an existing book of business from an underwriting standpoint.  Continuously evaluates the qualitative characteristics of the business (new and existing) as assigned.  Examples include utilization of self-audit programs, financial ratio analysis report.  Makes recommendations to Manager for proper lines of authority to be submitted to Home Office.  Monitors and controls utilization of such lines to ensure compliance with guidelines.

May assess and identify changes in all aspects of the business including, but not limited to, work program to financial strength criteria, nature of work performed (inherent risk), accuracy and timeliness of data flow, and exposure analyses.  Coordinate and surface issues to more Home Office staff and Bond Managers

Assists in the evaluation of business continuity arrangements and funding mechanisms (such as adequacy of life insurance) to preclude financial drain of customer in the event of the demise of (an) owner or other insurable loss.

In connection with credit recommendations which tend to fall outside of normal underwriting standards, applies sound reason and business logic to reach decision as authorized.  Effectively documents such logic in file and communicates to more senior Home Office and Field underwriting staff, as necessary.

Provide direction for topics to be addressed in meetings with agents, contractors and others, as necessary.

Prepare and implement instructions for administering work flows and accounting/billing issues to service unique situations.

Performs special projects and other duties as assigned.','!*!Qualifications:

Bachelor's degree in Finance, Accounting or equivalent typically required.

A minimum of 3 years, and preference of 5 or more years Surety underwriting experience and/or equivalent Surety related business experience preferred with a strong preference  in the contract Surety product line.

Solid understanding of financial and accounting principles and the ability to demonstrate sound business judgment in the evaluation of the financial condition, credit history, experience and character of contract accounts.

Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility.

AFSB certification preferred

Demonstrates strong ability to communicate complex analyses and information in understandable written and/or oral directives for underwriting or training purposes.

Demonstrates strong communication and interpersonal skills in dealing with agents, brokers, CPAs, bankers, attorneys, etc. required to build & maintain good business relationships.

Excellent organizational skills as well as attention to detail.

Ability to work independently and juggle many tasks simultaneously as well as a comfort level in interacting with people in small groups and social situations.

Technically savvy and experience with diverse computer applications.

A minor amount of overnight travel may be required and the ability to attend occasional agent meetings and social or industry events.

Benefits:

We value your hard work, integrity and commitment to positive change. In return for your service, it’s our privilege to offer you benefits and rewards that support your life and well-being. To learn more about our benefit offerings please click here.

Overview:

At Liberty Mutual, we give motivated, accomplished professionals the opportunity to help us redefine what insurance means; to work for a global leader with a deep sense of humanity and a focus on improving and protecting everyday lives.  We create an inspired, collaborative environment, where people can take ownership of their work; push breakthrough ideas; and feel confident that their contributions will be valued and their growth championed.

We’re dedicated to doing the right thing for our employees, because we know that their fulfillment and success leads us to great places. Life. Happiness. Innovation. Impact. Advancement. Whatever their pursuit, talented people find their path at Liberty Mutual.

 ','Underwriting','US-PA-King Of Prussia','','Full-time','86,000.00','138,000.00','Bachelor's Degree (±16 years)','Day Job','Yes, 10 % of the Time','Sr. Surety Underwriter/Consultant - Contract Surety - King of Prussia, PA

9 days 19 hours ago

Liberty Mutual Insurance Company

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Sr. Surety Underwriter/Consultant - Contract Surety Liberty Mutual Insurance Company - King of Prussia, PA, United States

   

Location: King of Prussia, PA

Company Profile:
Liberty Mutual Holding defends our freedom to buy car insurance. As the parent company of Liberty Mutual Group and its operating subsidiaries, Liberty Mutual is one of the top property/casualty insurers in the US and among the top 10 providers of automobile insurance. The company also offers homeowners' insurance, workers compensation, general liability, group disability, fire and surety, and commercial lines for small to large companies. Liberty Mutual operates through four business divisions: Personal Insurance, Commercial Insurance, Liberty International, and Global Specialty. It distributes its products through a diversified blend of independent and exclusive agents, brokers, and direct sales.