Executive Underwriter, Cyber, Technology & MPL NY
Company: Liberty Mutual
Location: New York
Posted on: April 23, 2024
|
|
Job Description:
Pay PhilosophyThe typical starting salary range for this role is
determined by a number of factors including skills, experience,
education, certifications and location. The full salary range for
this role reflects the competitive labor market value for all
employees in these positions across the national market and
provides an opportunity to progress as employees grow and develop
within the role. Some roles at Liberty Mutual have a corresponding
compensation plan which may include commission and/or bonus
earnings at rates that vary based on multiple factors set forth in
the compensation plan for the role.
Description Seeking a highly motivated, experienced individual with
good analytical and sales skills for a Cyber and Technology E&O
Professional Liability underwriting position.
Under general supervision, contributes to the growth and
profitability of assigned specialty product lines through
marketing, underwriting and managing of the Cyber/Technology
Liability, product. Some risks may require special handling or
unusual coverages, including manuscript policy development. Travel
to take client meetings and broker meetings. Demonstrates
functional technical knowledge of underwriting concepts, practices,
procedures and techniques to include coverage issues, product
lines, marketing, relevant systems, and competition in the market
place.
Job Responsibilities:
Risk Selection: Evaluates or assesses the business applying for
insurance by qualifying accounts; identifying, selecting and
assessing risks; determining the premium, policy terms and
conditions; loss history review; financials review; obtaining
approvals; creating/presenting the proposal to the agent/broker and
successfully negotiating deals.
Agent/Broker Relationships: Demonstrates a high level of
responsiveness and focus on supporting Agents and Brokers
objectives through successful negotiations. Develops and maintains
the relationship through responsive service, site visits, in person
renewal meetings or enhanced knowledge of their customers
businesses. Includes independently marketing Ironshore products to
brokers. Travel to take client meetings and broker meetings.
Portfolio Management: Manages a book of business by analyzing the
portfolio, identifying areas of opportunity for improved growth,
profit and diversification, and executing marketing plans to
increase market share with preferred brokers. Includes new business
goals.
Service Value Proposition: Understands and articulates the
specialized services Ironshore can offer our Cyber/Technology
liability insureds and how they compare to those provided by our
competitors.
Contributes to the development of marketing plans, product
analysis, services, geographic focus and broker intelligence.
Communicates with other product line underwriters, managers and
claims analysts in order to provide comprehensive customer
service.
Performs related duties as requested to include, report
preparation, presentations, and special projects to assist in
ensuring the success of the product line unit.
Leadership: Formally guides, mentors, and coaches underwriters in
both technical and professional skills. Demonstrates an area of
expertise and provides regular updates to other underwriters.
Documenting the Deal: Documents files in a way that reflects a
solid thought process and decision making through comprehensive
account reviews, sign-offs and referrals.
Continuous Improvement: Actively participates in continuous
improvement by fully engaging in daily huddles, generating
suggestions, following appropriate procedures and work principles,
participating in problem solving activities, and using continuous
improvement tools to support the work of the team.
QualificationsQualifications
Advanced-level knowledge of insurance products/coverage,
underwriting, pricing, risk selection, market segments and
marketplace; insurance finance and actuarial concepts; loss
control/risk engineering; marketing techniques, regulatory
environment and reinsurance; advanced-level knowledge of territory
management.
Ability to apply underwriting/appetite, tools, systems, and
resources to achieve goals, solve complex problems, establish and
build healthy working relationships, lead mentoring relationships,
and negotiate, as normally acquired and a related bachelor's degree
seven to ten years of relevant experience preferred; CPCU or
professional insurance designation strongly preferred.
About UsAt 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.
Keywords: Liberty Mutual, Union City , Executive Underwriter, Cyber, Technology & MPL NY, IT / Software / Systems , New York, New Jersey
Click
here to apply!
|