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Liberty Mutual Insurance · 1 day ago

Underwriting Specialist - War & Terrorism

San Francisco, CA

Full-time

Onsite

Senior Level

$91K/yr - $253K/yr

5+ years exp

Liberty Mutual Insurance is focused on providing War & Terrorism insurance to protect businesses from politically motivated attacks. As an Underwriting Specialist, you will evaluate risks, establish relationships with agents and brokers, and contribute to the profitability of the portfolio through effective underwriting and marketing strategies.

FinanceFinancial ServicesInsurance

Responsibilities

Risk Selection: Review, rate, underwrite, evaluate, or assess businesses applying for insurance by qualifying accounts, identifying and assessing risks, determining premiums, policy terms, and conditions, obtaining necessary approvals, and creating/presenting proposals to agents/brokers while successfully negotiating deals

Agent/Broker Relationships: Establish, develop, and maintain successful relationships with agents and brokers to facilitate marketing of products and services. Provide stewardship with service partners, including the initial setup of service commitments and regular visits

Brand Development: Cultivate a strong personal brand to build and maintain a long-term, high-quality pipeline with agents and brokers

Portfolio Management: Manage a book of business by analyzing the portfolio, identifying areas for improved growth, profit, and diversification, and executing marketing plans to increase market share with preferred brokers

Documentation: Document files thoroughly to reflect a solid thought process and decision-making, ensuring compliance with state regulations, letters of authority, and underwriting guidelines through comprehensive account reviews, sign-offs, and referrals

Leadership: Actively participate as a team member, contributing expertise to fellow underwriters and account analysts, both technically and professionally

Continuous Improvement: Participate in continuous improvement initiatives by generating suggestions, engaging in problem-solving activities, and employing continuous improvement tools to support team efforts

Qualification

Underwriting experienceInsurance products knowledgeRisk selectionAnalytical skillsNegotiation skillsProfessional designationsCommunication skillsProblem-solving skillsTeam collaboration

Required

Expert knowledge of insurance products and coverage, underwriting, pricing, risk selection, market segments, and the marketplace

Familiarity with insurance finance and actuarial concepts, loss control/risk engineering, marketing techniques, the regulatory environment, and reinsurance is essential

Ability to apply underwriting appetites, tools, systems, and resources to achieve goals, solve complex problems, establish and maintain healthy working relationships, and negotiate effectively