Underwriting Specialist, Credit Analyst
Liberty Mutual Insurance3.6
Remote
Job description
**This is a ranged posting. Position offered will be at manager discretion based on candidate skills and experience.**

Liberty Specialty Markets (www.libertyspecialtymarkets.com) is one of the largest specialty insurers in the Insurance and Reinsurance market. It has over 1,700 employees in 22 offices throughout the Americas, Europe and Asia, and is a subsidiary of global insurer Liberty Mutual Insurance Group.

Key Purpose of Role
Analyze and manage credit risk in support of Multi-Buyer Trade Credit (MBTC) insurance in accordance with the business plan set forth for Liberty Specialty Markets (LSM) West – Financial Risk Solutions (FRS) and within delegated underwriting authority.

Strategy and Planning

Support the development of FRS - MBTC and ensure robust management of the portfolio of credit risk generated in growing the MBTC business
Contribute and participate in LSM and FRS meetings to share and develop strategy, knowledge and best practices
Support the construction and optimization of the MBTC technology platform
Contribute new ideas and concepts to make the business better

Delivery

Analyze trade credit risks in accordance with business plan and in compliance with delegated authority including risk and credit analysis, quote, negotiation, bind, issuance and policy servicing
Conduct credit reviews of buyer/obligor financial statements, and set or recommend appropriate limits, aggregates and risk ratings based on the buyer's credit and financial strength
Travel to attend credit review, client and market meetings and conferences to build out the business strategy
Present LSM and FRS strategy and data to both internal and external stakeholders on an ad hoc basis
Ensure entries are properly recorded into relevant systems in a timely manner while ensuring accuracy of data in relation to both underwriting and aggregate credit risk exposures
Continually develop expertise and technical knowledge through appropriate development initiatives
In conjunction with the FRS risk management team, contribute to and influence the review and analysis of the overall credit risk portfolio
Engage internally to further develop and enhance risk and pricing models
Interact with the Claims team on claims matters
Conduct periodic reviews of underwriting files in support of the Peer Review process

Policy, Process and Procedures

Comply with all applicable internal and external laws, regulations, policies, procedures and guidance
Adhere to underwriting standards, instructions and best practice methodology to minimize risk as incorporated into the Underwriting Controls Framework
Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the center of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviors at all times. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.
Minimum 3-5 years working in credit analysis and management, preferably in an insurance company's credit and political risk insurance team, the credit/loan/syndication function of commercial or investment bank, or a Public Agency engaged in credit and/or political risk insurance or direct lending function
Strong interpersonal and communication skills
Strong credit and financial risk analysis skills
Experienced in Excel and credit analysis software and tools
Ability to analyze and use data for quick, thoughtful decision-making under time constraints
Strong negotiation, organizational and prioritization skills
People management – ability to engage constructively and respectfully with FRS team members
Bachelor's degree required with Business/Finance degree preferred.
Strong understanding of the drivers of Financial Institutions' use of risk mitigation products
Experience in Emerging Markets credit risks
Use of risk profiling and pricing tools and loss models
Strong economic, political and current affairs understanding and knowledge

At 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.

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Company details

Headquarters

Global Headquarters: 157 Berkeley Street Boston, MA 02116

Employee

10000+

Revenue

more than $10B (USD)

Industry

Insurance

Company Description
At Liberty Mutual, we want to help you embrace today and confidently pursue tomorrow. That’s why our company culture supports and champions each employee—helping you turn your passion into a rewarding profession. From comprehensive health and benefits to professional development opportunities, you’ll have access to the resources you need to pursue a meaningful career in an environment focused on openness, inclusion, trust and respect. As a Fortune 100 global leader in property and casualty insurance with more than 45,000 employees in 29 countries and economies around the world, our dedication to putting others first extends beyond our organization. We’re also committed to being a force for social and environmental good, and championing sustainability and Diversity & Inclusion initiatives around the world. Whether you’re helping our customers navigate an important claim or developing a new environmentally friendly product, you can feel good about the work you do at Liberty Mutual. We’ve spent more than 100 years creating innovative insurance products, services, ideas and technologies to meet the world’s ever-changing needs—breaking away from old mindsets and thinking outside of traditional insurance roles. Why? Because we’re committed to transforming our industry in order to create peace of mind for our customers. We hope you’ll join us.
Company ratings
  • Overall
    3.6
  • Company & Benefits
    3.8 / 5
  • Culture & Values
    3.3 / 5
  • Career Opportunities
    3.1 / 5
  • Work/Life Balance
    3.5 / 5
  • Senior Management
    3.1 / 5
Company reviews
"Very high turnover rate"
Current EmployeeAdjuster
72% turnover rate…. Should say it all.. management only cares about themselves as adjusters get hammered with work and requires OT…. During OT managers no where to be found when questions arise..
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"Great Company"
Former EmployeeSenior Claims Representative
Company was great to work for, great training program and a lot of room for advancement. Great co-workers and managers! Great benefits and retirement fund.

"Great company for security"
Current EmployeeSenior Underwriter
I've worked for Liberty nearly 7 years. Love what I'm doing now and manager is hands-off but very supportive. Great team environment. Good work/life balance. Opportunities galore if you can get in front of the right people in the company.
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Cons:

"Front line managers very fair and impartial. Upper management keen to reward employees for exemplery work. "
Former EmployeeRegistered Nurse Case Manager
Work hours varied due to customer needs. Never required to work evenings or weekends. Hardest part of the job was keeping up with the paperwork. Real "team" approach. Managers always helped to find a team member to help out with overload.
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