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Liberty Mutual Surety™ · 2 hours ago

Senior Surety Underwriter - Hybrid (Contract)

Plymouth Meeting, PA

Full-time, Contract

Hybrid

Senior Level

5+ years exp

Liberty Mutual Surety™ is currently recruiting for a hybrid Senior Contract Surety Underwriter to join their Surety Plus Operation. The role involves developing and underwriting profitable surety business while servicing independent agents and brokers, and requires strong relationship-building skills and financial acumen.

Business DevelopmentService Industry

Responsibilities

Underwrite and negotiate accounts to maximize profitability whilst minimizing risk, which may include the most complex accounts based on level of role. Makes thorough evaluations and assessments of a customer’s financial, technical, organizational, and management capacities, including experience, desired objectives as well as a subjective judgment of character

Manage the profitability and retention of an assigned book of business while continue to develop the portfolio through strong relationships and active engagement with new and existing agents and brokers. May assist in developing the marketing plan

Performs analytical evaluations of financial statements on both a static and trend basis. Determines the present and historical financial position of accounts and monitors financial position of risk through analysis of quarterly statements and work in progress data as appropriate

Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines and identify/promote opportunities across with agents and brokers, leveraging domestic and global capabilities

Responsible for investigation, analyzing, and managing all necessary underwriting/accounting/workflow issues, within framework of Surety policies and procedures

May assess and identify 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. Coordinate and surface issues to Home Office Underwriters and Field Management

Assists in the evaluation of business continuity arrangements and funding mechanisms (such as adequacy of life insurance) to preclude financial drain of customer in the event of the demise of (an) owner or other insurable loss

May mentor more junior staff based on level

Performs special projects and other duties as assigned

Qualification

Surety underwritingFinancial analysisBusiness developmentAnalytical abilityCommunication skillsTechnical underwritingInterpersonal skills

Required

BA/BS in Business Administration or related field typically required

A minimum of 5 years' experience expected, typically 7 or more years surety underwriting experience and/or equivalent surety related business experience 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 agents, brokers, CPAs, bankers, attorneys, etc. required

Must demonstrate comprehension of complex technical underwriting issues and be capable of defining and implementing necessary underwriting and administrative processes/ workflows to properly manage or administer those issues

Demonstrated track record of business development