Underwriter, Commercial Insurance

Posted on Oct 5 Seattle, WA


Liberty Mutual Insurance



Advance Your Underwriting Career at Liberty Mutual Insurance- A Fortune 100 Company

Our Underwriterensures a profitable book of Property and Casualty insurance business by appropriately evaluating the acceptability of risks within delegated authority levels. Partners with agents to manage a moderately complex book of commercial business or agency relationships. Demonstrates decision-making authority under moderate supervision, recommending quality exceptions where appropriate to maximize profitability and meet business plans. Supports marketing activities to agents and actively participates in the agency management process. Responsible for working with and protecting confidential and proprietary customer and Company information.

Responsibilities:
  • Risk Selection:evaluates or assesses the business applying for insurance by qualifying accounts; identifying, selecting and assessing risks; determining the premium, policy terms and conditions; obtaining approvals; creating/presenting the proposal to the agent/broker and successfully negotiating deals.
  • Agent/Broker Relationships: Develops and maintains successful relationships with Agents and Brokers by providing stewardship with service partners, including initial setup of service commitments, and regular visits.
  • Portfolio Management: Manages a book of business by analyzing the portfolio, identifying areas of opportunity for improved growth, profit and diversification, and executing marketing plans to increase market share with preferred brokers.
  • 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.
  • Leadership: Formally and informally guides, mentors, and coaches underwriters in both technical and professional skills.
  • 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.

  • Bachelors degree or equivalent preferred, continuing insurance education desired
  • Success driven individual who has demonstrated 3-10 years of success in a commercial underwriting role
  • Ability to analyze variables, such as type & amount of coverage, loss control, credit reports, and loss experience
  • Thorough knowledge of commercial insurance coverages, contracts & underwriting guidelines
  • Ability to interact successfully with customers to build & maintain good business relationships.
  • Negotiation and pricing skills
  • Hard work, honesty, integrity and unwavering business ethics

Benefits:
We recognize that talented people are attracted to companies that provide competitive pay, comprehensive benefits packages and outstanding advancement opportunities. For this reason we offer a Comprehensive Benefits Plan that includes the following:

  • 401K and Company paid pension plan
  • Medical coverage
  • Dental coverage
  • Paid time-off
  • Pay-for-Performance
  • Discounts on automobile and homeowner's insurance
  • Discount fitness memberships
  • Flexible spending accounts
  • Tuition reimbursement
  • Vision care coverage
  • Work/Life resources
  • Credit Union membership
  • Employee and Dependent life insurance
  • Disability insurance
  • Accidental death & dismemberment insurance

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.

Job: Underwriting
Primary Location: United States-Washington-Seattle
Schedule: Full-time
Salary: $73,301-$91,600
Education Level: Bachelor's Degree (±16 years)
Travel: Yes, 10 % of the Time