Senior Underwriting Officer - Excess Casualty IL
Company: Liberty Mutual
Location: Chicago
Posted on: April 25, 2024
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Job Description:
Pay PhilosophyThe 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.
Description The Senior Underwriting (UW) Officer, Excess Casualty
will report to the Executive Underwriting Officer of Major Accounts
Casualty. Major Accounts works with large and complex commercial
risks to deliver Primary and Excess Casualty programs to these
highly valued customers. You will focus on our Majors Excess
Casualty portfolio which services some of the largest companies in
the U.S. The Senior Underwriting (UW) Officer, Excess Casualty will
work with the leadership team, deliver technical expertise and
serve as point of contact for the frontline underwriting teams for
all questions, key decisions, or referrals.
Responsibiities:
Provides expert technical underwriting assistance and formal
referral approval for assigned lines of business (lead
umbrella/excess) in Majors Excess Casualty. Interacts independently
with field underwriters and directly with UW managers on all
mandatory referral cases and voluntary consultation items.
Ensures continuity and alignment between Primary and Excess
Casualty placements.
Supports Executive Underwriting Officer on transactions and serves
as trusted advisor in the areas of exposure, coverage analysis, and
key pricing/financial elements within their authority.
Monitors frameworks for underwriting decisions (e.g., referrals,
technical reviews) and recommends improvements, as needed.
Evaluates portfolio performance regularly in Majors Excess
Casualty, working with Underwriting Leaders to identify drivers of
performance, risks, and opportunities.
Drives UW technical excellence across Majors Excess Casualty,
working with Underwriting Leaders to identify and resolve
issues.
Works with Underwriting Leaders to identify product and services
enhancements, underwriter capability development opportunities
(e.g., skills, tools), and elevates to Executive Underwriting
Officer and Majors CUO.
Models effective collaboration within/across teams, stakeholders
and partners (e.g., UW Support, Claims, Actuarial, NA Product
Teams).
QualificationsExpert-level knowledge of all aspects of coverage
forms, exclusions, and exposure. Pricing, structure, rating, rating
plans, loss forecasting, credit risk, market knowledge,
preferred.
Advanced knowledge of and experience operating within several
different industry segments; insurance operations; claims, finance
and actuarial concepts; regulatory environment; loss control/risk
engineering; reinsurance; account management; product development;
and industry trends.
Must be a skilled collaborator who is willing to assess all sides
of an issue, bring in others with expertise, and independently
execute and advance the collaboration model.
Other professional skills required include superior communication
skills (written, verbal, presentation, listening); approachability;
tact; coaching/development; analyzing and problem solving;
relationship and service driven; clear solutions orientation and
commitment to achieving segment operational and financial
objectives; negotiation skills; and demonstrated ability to
consistently and positively influence others both internally and
externally (brokers/customers) as required.
Bachelor`s degree, 10 or more years of relevant experience that
includes underwriting, claims, reinsurance, coaching/developing
others, working with brokers/agents and currency with market trends
and developments.
About UsAt 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:
https://jobs.libertymutualgroup.com/diversity-inclusion
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://LMI.co/Benefits
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.
Fair Chance Notices
California
San Francisco
Los Angeles
Philadelphia
Keywords: Liberty Mutual, Oak Park , Senior Underwriting Officer - Excess Casualty IL, Accounting, Auditing , Chicago, Illinois
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