Underwriting Specialist, Middle Market
Company: Liberty Mutual Insurance
Location: Plano
Posted on: May 15, 2022
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Job Description:
Candidate must live in the following areas in TX: Houston,
Plano, Austin or San Antonio.Our Middle Market Underwriters focus
on answering two fundamental questions. Should we write a policy
for a particular customer? What is a fair price for the risk that
we would incur by writing the policy? On the surface, these
questions may seem straightforward, but as a Liberty Mutual
Insurance underwriter, you will possess a curiosity that propels
you to dig a little deeper for the answers. You will rely on your
strong analytic, communication, and negotiation skills and thrive
in a fast-paced, collaborative environment. Middle Market
Underwriters are natural problem solvers who want to know our
customers and how we can profitably accept the risks that our
policies cover.Middle Market Underwriters are responsible for
developing, growing, and maintaining a profitable, diversified book
of business through marketing, underwriting decision making,
building mutually beneficial agent/brokers relationships and
establishing a marker-facing leadership presence, and application
of underwriting tools, systems, and expert resources.
Guides/mentors less experienced underwriters in their respective
area of expertise, including regular employee coaching with
feedback to the manager on progress of the employee.Depending on
experience, this position can be hired at various underwriting
levels.Responsibilities:Risk Selection: Reviews, rates,
underwrites, 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: Demonstrates a high level of
responsiveness and focus on supporting Agents and Brokers
objectives. Establishes, develops, and maintains successful
relationships with Agents and Brokers to facilitate marketing of
products, through responsive service, site visits, in person
renewal meetings or enhanced knowledge of their customers
businesses. Develops strong personal brand to build and maintain a
long term quality pipeline with Agents/Brokers.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 by attending and making marketing calls to brokers to market
and cross market.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 that comply
with state regulations, letter of authority, and underwriting
guidelines.Leadership: Formally and informally guides, mentors, and
coaches underwriters and account analysts in both technical and
professional skills.Continuous Improvement: Actively participates
in continuous improvement by participating in problem solving
activities and using continuous improvement tools to support the
work of the team.Bachelor's degreeFour to seven years of relevant
experience preferred; CPCU or professional insurance designation
preferred.Intermediate-level knowledge of insurance
products/coverage, knowledge of underwriting, pricing, risk
selection, market segments and marketplace;Insurance finance and
actuarial concepts; loss control/risk engineering; marketing
techniques, regulatory environment and reinsurance; advanced-level
knowledge of territory management.Ability to apply
underwriting/appetite, tools, systems, and resources to achieve
goals, solve complex problems, establish and build healthy working
relationships, participate in mentoring relationships, and
negotiateAt 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: 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: 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.Bachelor's Degree16
Keywords: Liberty Mutual Insurance, Plano , Underwriting Specialist, Middle Market, Other , Plano, Texas
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