Job Description

Description

 
Advance your Underwriting career at Liberty Mutual Insurance- A Fortune 100 Company!
 

Liberty Mutual Surety™ is currently recruiting for a Surety Underwriter to join our Vista Specialty Team in the Northeast (Boston/Hartford) area.

As a Surety Underwriter you will market, underwrite, and service independent agents, brokers, and commercial surety accounts within an assigned territory utilizing collateral, funds administration and SBA Guarantee’s. Using your excellent rapport building skills, you will build and maintain positive relationships and will market to your territory focusing on relationship building rather than transactional sales.   You will also use your business and financial acumen to perform primary credit underwriting and financial/risk analysis, provide recommendations, and make decisions on new and existing accounts. This is an excellent opportunity for an experienced and self-motivated surety professional looking to grow their career with a top surety company that focuses on its employees and customers first.

 
Liberty Mutual Surety, a business unit member of Liberty Mutual Insurance, is the 2 nd largest Surety in the United States and one of the largest globally. We specialize in providing surety bonds for construction firms, manufacturers and suppliers, and commercial enterprises for corporations and individuals on an account and transactional basis, and conduct business worldwide through fronting relationships and Liberty owned subsidiaries, with bonds issued in over 40 countries. We pride ourselves on our outstanding service to brokers, agents, and customers throughout our field offices across the U.S., and in Mexico, Canada, Brazil, UK, Germany, Italy, France, Netherlands, Hong Kong, and Australia. We are committed to our value proposition of building mutually profitable relationships by providing smart business solutions, ease of doing business, and consistent, responsive service, and is dedicated to the communities we serve and values highly a diverse workforce.

Responsibilities:  
  • Meets with agents and brokers from assigned customer base/territory to solicit business/submissions via marketing efforts and educate agency representative(s) on Liberty Mutual Surety policies, procedures, appetite, and requirements.   Act in a consultative capacity and discuss/review agency accounts and performance.
  • Underwrites new and existing contract account submissions utilizing collateral, funds administration and SBA Guarantee’s (experience preferred, but not required) within underwriting authority granted by Chief Underwriting Officer.  May handle most complex accounts based on level of role.  Makes thorough evaluations and assessments of a customer’s financial, technical, organizational, and management capacities, past experience, desired objectives as well as a subjective judgment of character, normally based upon data/insights.  In many cases, will meet with client to facilitate above assessments.
  • Performs analytical evaluations of financial statements on both a static and trend basis. Determines the present and historical financial position of the account and monitors financial position of risk through analysis of quarterly statements and work in progress data as appropriate 
  • Develop/maintain strong relationships with agents/brokers and oversee a book of Vista Specialty business within defined territory. Meets production, marketing, and profitability goals as set by manager and assist in developing marketing plan.
  • Stay abreast of Liberty Mutual Surety product lines and identify cross-selling opportunities with agent, engaging/referring appropriate parties as necessary.
  • Responsible for investigation, analyzing, and managing all necessary underwriting/accounting/work flow issues, within framework of Surety policies and procedures.
  • Monitor an existing book of business from an underwriting standpoint.  Continuously evaluates the qualitative characteristics of the business (new and existing) as assigned.  Examples include utilization of self-audit programs, financial ratio analysis report.   Makes recommendations to Manager for proper lines of authority to be submitted to Home Office.  Monitors and controls utilization of such lines to ensure compliance with guidelines.
  • 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 more Home Office staff and Bond Managers
  • Assists in the evaluation of business
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