Liberty Mutual

Senior Underwriter, Equipment Breakdown

Liberty Mutual$88K — $105K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Intermediate knowledge of insurance products and coverage
  • Understanding of underwriting, pricing, and risk selection
  • Experience with regulatory environments and reinsurance
  • Ability to manage territory effectively
  • Bachelor's degree and 4-7 years of relevant experience preferred
  • CPCU or other professional insurance designations preferred

Responsibilities

  • Review, rate, and underwrite insurance applications
  • Build and maintain strong relationships with agents and brokers
  • Analyze and manage a portfolio of business for growth and profit
  • Document underwriting decisions and maintain compliance with regulations
  • Mentor and coach junior underwriters and analysts
  • Engage in continuous improvement initiatives within the team

Benefits

  • Support for professional development and certifications
  • Opportunity for mentorship and leadership experience
  • Dynamic work environment with a focus on relationship building
  • Access to advanced underwriting tools and resources
  • Potential for career progression within a reputable company
Full Job Description
Description

You9ll develop, grow and maintain a profitable, diversified book of business. You9ll do this through marketing, underwriting decisions, strong agent and broker relationships, a market-facing leadership presence and smart use of underwriting tools, systems and expert resources. You9ll also guide and mentor less experienced underwriters, coaching them and sharing feedback with their manager on their progress.

We9re considering candidates for our senior or executive-level positions, depending on experience.

Responsibilities:

  • Risk selection: Review, rate and underwrite business applying for insurance. Qualify accounts, identify and assess risk, and determine premium, terms and conditions. Get approvals, present proposals to agents and brokers, and negotiate deals successfully.
  • Agent/broker relationships: Respond quickly and stay focused on what agents and brokers need. Build strong, lasting relationships through responsive service, site visits, in-person renewal meetings and a deep understanding of their customers9 businesses. Grow your personal brand to build a long-term, high-quality pipeline with agents and brokers.
  • Portfolio management: Manage your book of business by analyzing the portfolio, spotting opportunities for growth, profit and diversification, and executing marketing plans 6 including broker calls 6 to grow market share.
  • Documenting the deal: Document files clearly, showing solid thinking and decision-making through comprehensive account reviews, sign-offs and referrals. Follow state regulations, letter-of-authority requirements and underwriting guidelines.
  • Leadership: Mentor and coach underwriters and account analysts, both formally and informally, on technical and professional skills.
  • Continuous improvement: Take part in problem-solving activities and use continuous-improvement tools to support your team9s work.
Qualifications

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 negotiate as normally acquired a related bachelor9s degree, four to seven years of relevant experience preferred; CPCU or professional insurance designation preferred.

Pay Philosophy: 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.

  • California
  • Los Angeles Incorporated
  • Los Angeles Unincorporated
  • Philadelphia
  • San Francisco

About Liberty Mutual

Since 1912, Liberty Mutual Insurance have committed theirselves to providing broad, useful and competitively-priced insurance products and services to meet their customers' ever-changing needs. Their delivery on this commitment is the reason they're now the third largest property and casualty insurer in the U.S. based on 2012 direct premium written according to the National Association of Insurance Commissioners.

Liberty Mutual Careers

Join the vibrant team at Liberty Mutual, a leading global insurance company, where your career is in your hands. At Liberty Mutual, we are committed to fostering an inclusive culture that values diversity and innovation. With a variety of job opportunities across multiple fields, this is where your professional journey can truly flourish.

Work You’ll Do

At Liberty Mutual, you’ll be part of a team that’s dedicated to empowering people to live safer, more secure lives. Whether you’re interested in a position in claims handling, underwriting, or customer service, you’ll find a platform here to enhance your skills and push the boundaries of what you can achieve.

Explore Our Job Opportunities

Liberty Mutual offers a range of career paths for both seasoned professionals and those just starting out. Our internship programs provide invaluable hands-on experience, helping to bridge the gap between education and full-time employment. For those seeking to grow their career, we offer positions that challenge and inspire, backed by benefits that support both professional and personal growth.

Innovate with Us

Innovation is at the heart of Liberty Mutual. We encourage our team to bring fresh ideas that drive industry leadership and improve customer experiences. By joining our team, you’ll collaborate with talented professionals who are keen on developing solutions that lead the market.

Develop Your Career

Liberty Mutual is deeply invested in the professional development of its employees. With comprehensive diversity training and leadership programs, we prepare you to take on leadership roles within the company. Networking opportunities within the company can lead to mentorship and further career advancement.

Benefits of Joining Liberty Mutual

Working at Liberty Mutual comes with numerous benefits. From competitive salaries to health and wellness programs, we ensure our team members are well taken care of. More than just a job, a position at Liberty Mutual is a stepping stone to a fulfilling career.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Liberty Mutual. We are actively hiring and looking for individuals who are passionate, curious, and ready to drive change. Enhance your resume, prepare for your interview, and become part of a company that values your unique skills and vision.

Stay Connected

Keep up to date with the latest from Liberty Mutual Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get insights into new postings and career tips directly from our team.

Liberty Mutual: A Place to Grow, Innovate, and Lead

Discover how you can make a difference. Visit our careers page to find the position that’s right for you and join a team that’s committed to growth, leadership, and innovation. At Liberty Mutual, your career is what you make it.
Learn more about Liberty Mutual
Size
45,000 employees
Industry
Founded
1912

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