Liberty Mutual

Sourcing - Wholesale Management Liability Executive Underwriter (Chicago)

Liberty Mutual$100K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Degree in Business or equivalent required
  • Minimum of 7 years underwriting or related experience, 10 years preferred
  • RPLU or professional insurance designation is a plus
  • Strong analytical skills to assess underwriting risks
  • Effective communicator with the ability to convey complex information
  • Interpersonal skills for engaging with stakeholders
  • Proven success in developing and underwriting profitable business

Responsibilities

  • Underwrite new and renewal business by analyzing applications and financials
  • Negotiate policy terms and conditions
  • Build and maintain relationships with wholesale brokers
  • Conduct independent marketing calls to brokers and prospective clients
  • Contribute to marketing plans and product analysis
  • Prepare reports and presentations for product line success
  • Assist with special projects as needed

Benefits

  • Opportunity for professional development and advancement
  • Collaborative team environment
  • Support for continuing education and industry certifications
  • Access to a network of experienced professionals
  • Performance-based incentives available
Full Job Description
Our Financial Lines Underwriting Team is seeking a highly motivated individual with strong analytical and sales skills to fill an Executive Underwriter opportunity on our Commercial D&O team in Chicago to focus on growing our wholesale brokerage book of business. This position is a wholesale focused executive underwriter role that will contribute to the growth and profitability of our Private, Not-For-Profit, and Public Directors & Officers, Employment Practices, and Fiduciary Liability product lines through marketing, underwriting, and general product management. Some risks may require special handling or unusual coverages, including manuscript policy development. The position demonstrates functional technical knowledge of relevant underwriting concepts, practices, procedures, and techniques, to include; coverage issues, multiple product lines, marketing, relevant systems, and competition in the market place. Strong Midwest wholesale broker relationships are required. Territory includes Midwest United States. Job Responsibilities: - Underwrites targeted new and renewal business by reviewing and analyzing insured's (or prospective insured's) applications, financials, loss history, and all other pertinent information at the direction of the manager. - Reviews and negotiates policy terms and conditions. - Establishes and maintains strong professional and personal relationships with the regional wholesale brokerage community to facilitate growth of the - Financial Lines book, with the goal of driving new business and maintaining profitable/critical renewals. - Makes independent marketing calls to brokers and prospective insureds. - Contributes to the development of marketing plans, product analysis, services, geographic focus and broker intelligence. - Performs related duties as requested to include, report preparation, presentations, and special projects to assist in ensuring the success of the product line unit. Qualifications - Degree in Business or equivalent typically required - A minimum of 7 years expected, typically 10 years or more, of progressive underwriting experience and/or other related business experience - RPLU or professional insurance designation preferred - Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility - Demonstrated ability to communicate complex analyses and information in understandable written and/or oral directives to other persons in the organization for underwriting or training purposes - Demonstrated effective communication and interpersonal skills in dealing with internal and external stakeholders - Must demonstrate comprehension of most complex technical underwriting issues and be capable of defining and implementing necessary underwriting and administrative processes/workflows to properly manage or administer those issues - Proven track record of developing and underwriting profitable business Employees may apply for a new role after completing 12 months of employment in their current position. 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.

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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