Liberty Mutual

Surety Home Office Underwriting Officer

Liberty Mutual • $90K — $120K *
US-AnywhereRemote in Somerville, MA
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Degree in Business or equivalent required.
  • 10+ years of progressive surety underwriting experience.
  • Field management experience with large/complex obligations/programs preferred.
  • Expertise in managing underwriting oversight across multiple offices.
  • In-depth knowledge of the surety industry and risk analysis.
  • Strong decision-making and analytical skills for complex risks.
  • Exceptional negotiating and communication skills, with senior-level executive presence.

Responsibilities

  • Underwrite new and existing contract account submissions of varying complexity.
  • Evaluate contractor's financial, technical, and organizational capacities along with character judgments.
  • Monitor existing contract portfolio from an underwriting perspective using analytical tools.
  • Continuously assess qualitative characteristics of assigned field office businesses.
  • Identify and assess changes in business aspects, including financial strength and risk exposure.
  • Coordinate and communicate issues regularly with senior Home Office staff and Bond Managers.

Benefits

  • Comprehensive health coverage including medical and dental plans.
  • Retirement savings plans with company contributions.
  • Generous paid time off and flexible work arrangements.
  • Career development resources and training initiatives.
  • Supportive work environment that prioritizes employee well-being.
Full Job Description
Description

Job Summary:

Reviews new and existing small to mid contract risks submitted by assigned field offices to confirm compliance with Liberty Mutual Surety's underwriting strategies, guidelines and marketing objectives. Utilizes objective perspective to identify omissions in underwriting detail, if any, confirm attributes and/or weaknesses of case and ratifies parameters of credit recommended for specific risks, with primary objective of achieving profitability for the department. Makes appropriate recommendations to senior Home Office staff on business above authority level or outside of standard underwriting guidelines. Manage audit function associated with the Surety Plus contract book of business using analytical tools.

Responsibilities:
  • Underwrites new and existing contract account submissions of a wide range in size and complexity utilizing underwriting authority granted by Chief Underwriting Officer.
  • Makes thorough evaluations and assessments of a contractor's financial, technical, organizational, and management capacities, as well as a subjective judgment of character, normally based upon data/insights provided by the field organization. In some cases, will meet with client to facilitate above assessments.
  • Monitors existing contract book of business from an underwriting standpoint using analytical tools.
  • Continuously evaluates the qualitative characteristics of the business (new and existing) in each of the field offices assigned to be his/her responsibility.
  • Assesses and identifies 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.
  • Coordinates and surfaces issues to more senior Home Office staff and Bond Managers in the field offices on a regular and timely basis.


If the selected candidate lives within 50 miles of a GRS office, then the selected candidate should be prepared to come into the office two days/week. This policy is subject to change.

Ideally, the selected candidate can work a standard Pacific Time Zone schedule.

Qualifications

  • Degree in Business or equivalent typically required.
  • A minimum of 10 years of experience with progressive surety underwriting responsibility expected.
  • Prior field experience, including management experience, with an emphasis on underwriting large/complex obligations/programs desired.
  • Demonstrated ability to successfully manage underwriting oversight, preferably in multiple offices.
  • Must possess in-depth knowledge of surety industry, products, and operations, including the ability to analyze highly complex obligations/programs.
  • High level knowledge of Surety line(s) of business and can identify risk and takes reasonable effort to mitigate negative consequences.
  • Expert-level analytical abilities and decision-making skills to evaluate and judge underwriting risks within scope of responsibility.
  • Demonstrates an understanding of reinsurance, macro-economic issues and geo-political risk.
  • Results-oriented and proven track-record of taking individual initiative, exercising solid business judgment, and strategic thinking required.
  • Exceptional negotiating skills required.
  • Must have excellent written and verbal communication skills and strong executive presence with internal and external senior-level Executives required.
  • A proven coach and mentor with active participation in developing field and/or home office talent.


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: https://www.libertymutualgroup.com/about-lm/careers/benefits

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
Finance & Insurance
Founded
1912
* Ladders Estimates

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