Senior Underwriting Officer, Construction

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Overview

The position of Senior Underwriting Officer, Construction at Liberty Mutual focuses on managing some of the most complex construction risks in the industry. This role is pivotal in delivering key underwriting services for Primary Casualty (which includes Workers’ Compensation, General Liability, and Auto Insurance) across annual practice and wrap-up programs. The underwriter will work closely with leadership and provide guidance to frontline underwriting teams. The role is highly strategic and is responsible for shaping the portfolio strategies while ensuring top-notch service delivery to Large Construction contractors in the U.S.

Key Responsibilities

The primary responsibilities of the Senior Underwriting Officer include:

• Providing expert technical underwriting assistance and formal referral approval across multiple lines of business, specifically in Large Construction.
• Engaging independently with field underwriters and underwriter managers to address mandatory referral cases and voluntary consultation inquiries.
• Ensuring alignment between Primary Casualty and Excess placements.
• Acting as a trusted adviser on exposure, coverage analysis, and crucial pricing/financial elements within their sanctioned authority.
• Monitoring underwriting decision frameworks and proposing necessary improvements based on performance evaluation.
• Driving technical excellence within the underwriting space and collaborating with Underwriting Leaders to address performance issues.
• Identifying potential product and service enhancements and facilitating underwriter capability development.
• Fostering effective collaboration across different teams, including Underwriting Support, Claims, and Actuarial teams.

Required Skills

Candidates for the Senior Underwriting Officer position must exhibit a deep understanding of various aspects of coverage forms and related exclusions. Some essential skills and qualifications include:

• Expert-level knowledge of pricing structures, rating plans, and exposure management associated with Construction programs.
• Advanced operational experience within different industry segments specifically regarding insurance operations, claims handling, finance, and actuarial concepts.
• The ability to operate within the regulatory landscape effectively while understanding loss control, risk engineering, and reinsurance components.
• Strong negotiation skills along with the capacity to influence stakeholders positively both internally and externally (including brokers and customers).
• Exceptional communication skills, both verbal and written, along with analytical and problem-solving competencies.
• A bachelor’s degree in a related field with at least 10 years of substantial experience in underwriting, claims, or reinsurance.

Work Environment

Liberty Mutual places a strong emphasis on culture, focusing on inclusion and support for various perspectives and backgrounds. The company strives to create an atmosphere that allows every employee to thrive and feel valued. They offer comfortable workplace flexibility along with professional development opportunities and comprehensive benefits. At Liberty Mutual, employees have multiple opportunities through Employee Resource Groups to contribute positively to their community while making an impact through their work.

Salary Information

While specific salary details for this role are not disclosed, it is indicated that the starting salary for the Senior Underwriting Officer is determined by several factors, including skills, experience, education, and location. Liberty Mutual also mentions that there may be opportunities for bonuses or commissions, tied to performance and market factors.

Company Culture and Benefits

Liberty Mutual upholds a Pay Philosophy that aims for equity based on the competitive labor market value for their employees. Their commitment to fostering a diverse and inclusive workplace is evident, with resources available to support employees’ well-being. The company highlights its dedication to creating a supportive environment that enables each individual to perform to their potential. Flexible work options and a comprehensive benefits package are part of the offerings. Liberty Mutual is an equal opportunity employer, demonstrating a clear stance against discrimination of any form.

Conclusion

In summary, the role of Senior Underwriting Officer at Liberty Mutual presents an exciting opportunity for experienced professionals looking to influence the management of complex construction risks. Ideal candidates should be well-versed in underwriting across various insurance sectors, particularly within the large construction domain. This position not only offers a competitive salary with growth opportunities but also promotes a culture that values diversity, inclusion, and professional development.

This job offer was originally published on jobicy.com