Surety Underwriting Consultant, Vista
Liberty Mutual Insurance3.6
Remote
Job description
Reviews new and existing Vista Specialty (nonstandard) surety risks submitted by assigned offices to confirm compliance with Liberty Mutual Surety underwriting strategies, guidelines and marketing objectives Utilizes objective perspective to identify omissions in underwriting detail, if any, to confirm attributes and/or weaknesses of case and to ratify parameters of credit recommended for specific risks, with primary objective of achieving profitability for the department. Makes recommendations to more senior Home Office staff to approve business that does not meet underwriting guidelines and standards. Provides expert level guidance to field and less experienced home office underwriters within assigned offices.

Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the #1 Surety in the United States and the largest globally. Conducting business worldwide through fronting relationships and Liberty-owned subsidiaries, we provide bonds in over 60 countries for construction firms, manufacturers and suppliers, and commercial enterprises on an account and transactional basis. We are committed to building mutually profitable relationships by providing smart business solutions, ease of doing business, and consistent, responsive service. Liberty Mutual Surety is dedicated to the communities we serve and highly values a diverse workforce in more than 16 countries.

Responsibilities:

  • Underwrites new and existing subcontract account submissions of virtually all sizes and complexities utilizing underwriting authority granted by Chief Underwriting Officer and adhering to required underwriting guidelines.
  • Makes thorough evaluations and assessments of an account`s financial, technical, organizational, and management capacities, as well as apply a high a high level of subjective judgment of character (as needed) normally based upon data/insights provided by the field organization only.
  • Incorporates advanced knowledge of accounting, legal and organizational/managerial disciplines.
  • With field underwriters and/or Bond Managers, meet with clients to facilitate assessments and/or provide direction for topics to be addressed with agents, principals, and others as necessary.
  • Monitors existing books of business from an underwriting standpoint as assigned.
  • Continuously evaluates the qualitative characteristics of new and existing business within assigned field offices.
  • Identifies 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.
  • Coordinates and surfaces issues to more senior Home Office staff and/or Manager and field office Bond Managers on a regular and timely basis. With increasing autonomy and some direction from senior staff, monitors marketing, underwriting and/or administrative issues within various offices, as assigned.
  • Prepares, recommends, and/or implements instructions for administering work flows and accounting/billing issues to service unique situations.
  • May provide underwriting support and direction to less experienced underwriting staff.
  • Utilizes various applications and data to analyze statistical and financial reports, claims data, and other financial exhibits/data to monitor the quality of existing and new business
  • Effectively communicates issues of concern on new and existing business to the applicable field office product line underwriter and/or Bond Manager, as necessary, and inputs data on accounts to complete or modify analyses and maintain lines of credit in a current and accurate matter.
  • Diligently and conscientiously pursues resolution of open issues, documents result and adjusts credit parameters extended to specific accounts based upon such facts and findings. In connection with credit recommendations which tend to fall outside of normal underwriting standards, applies sound reason and business logic to reach decision.
  • Effectively documents such logic in file and communicates to more senior Home Office and Field underwriting staff, as necessary.
  • As necessary, collaborates with Claims staff to evaluate and/or resolve claim issues expeditiously and effectively, and if appropriate, takes immediate action to restrict credit on affected account. Keeps more senior underwriting staff informed of claims issues.
  • Communicates with competitors on matters involving co-surety.
  • Partners with field staff to identify, solicit, and contact significant producers in assigned territory under guidance from Bond Manager and more senior home office underwriting staff.
  • Participates in and/or leads special projects as requested/assigned.
  • BA/BS in Business Administration or related field and a minimum of 7 years progressively more responsible surety underwriting experience desired.
  • Very strong analytical abilities and decision-making skills.
  • Strong negotiating skills.
  • Strong written and oral communication skills are required.
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. 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, please visit https://www.libertymutualgroup.com/about-lm/careers/benefits
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. 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
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.

Bachelor's Degree
17
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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
"Not good"
Former EmployeeSales
Worked here for a bit and I was not happy with my overall experience. Repetitive training and not supportive people around you. I would not recommend it here at all
Pros:
Cons:

"Worst employer"
Former EmployeeClaims Adjuster
Terrible company, long work hours, rude managers. They lied about the position in the interview. The company provides no work-life balance, pushing 8-10 hours of overtime on employees.
Pros:

"overall a great place to work, inclusive and supportive environment"
Current EmployeeCustomer Service Representative
lots of flexibility with work from home, decent pay, great benefits, and they pay for you to acquire an insurance license. only negative is back-to-back calls all day every day, but that is standard for most customer service positions

"Great co workers. "
Former EmployeeCustomer Service Representative
Worked with great coworkers. Had my own cubicle, a supervisor sits behind you and hovers over you while working to grade your performance. It can be a little daunting.