Senior Underwriter, Inland Marine

About the Role

Day-to-day, you will be involved in complex risk assessments, utilizing both quantitative data and qualitative insights to make informed decisions. Your role will also involve collaborating with various stakeholders, including underwriters, underwriting assistants, and junior underwriters, to share best practices and drive continuous improvement. This position requires a unique blend of strategic thinking, problem-solving capabilities, and excellent communication skills.

Liberty Mutual's underwriting department is committed to fostering a culture of excellence, innovation, and teamwork. As a senior underwriter, you will be part of a dynamic team that values professional growth, continuous learning, and mutual respect.

What You Will Do

• Develop, grow, and maintain a diversified book of inland marine business through new account acquisitions and renewal strategies.
• Conduct thorough risk assessments to determine policy premiums, conditions, and limits.
• Build and nurture strong relationships with agents, brokers, and internal stakeholders to drive business growth and improve profitability.
• Negotiate deals and present proposals to agents, brokers, and clients, ensuring alignment with business objectives.
• Collaborate with cross-functional teams, including underwriting, operations, and sales, to drive business outcomes.
• Stay abreast of market trends, regulatory changes, and emerging risks to adapt underwriting strategies accordingly.
• Mentor junior underwriters in technical and professional development, fostering a culture of knowledge sharing and continuous improvement.
• Document account reviews, state-compliant sign-offs, referrals, letters of authority, and follow underwriting guidelines diligently.
• Identify opportunities for process improvements and contribute to the development of best practices within the underwriting team.

What We Are Looking For

• 3-5+ years of relevant experience in underwriting, preferably in inland marine or a related field.
• Strong analytical, problem-solving capabilities, and excellent communication skills.
• Experience with multi-line insurance products and a thorough understanding of commercial insurance principles.
• Ability to manage territories effectively, with a focus on building rewarding relationships with agents, brokers, and peers.
• Command of insurance finance and actuarial concepts, as well as familiarity with regulatory issues in relevant territories.
• Bachelor's degree in a related field; Chartered Property Casualty Underwriter (CPCU) or other professional insurance designations are preferred.
• Proficiency in Excel and other relevant software tools.
• Ability to travel occasionally, primarily to Arizona for in-person agency visits.

Nice to Have

• Prior experience in a remote or flexible work environment.
• Familiarity with continuous improvement processes and tools.
• Experience with data analytics tools beyond Excel, such as SQL or Tableau.
• Knowledge of emerging trends and technologies in the insurance industry, such as InsurTech.
• Participation in professional organizations or continuing education in insurance underwriting.

Benefits and Perks

• Competitive compensation package, with a salary range determined by skills, experience, education, certifications, and location.
• Comprehensive benefits, including health, dental, and vision insurance, as well as retirement savings plans.
• Flexible, remote work arrangement with occasional travel requirements.
• Opportunities for professional development and continuous learning, including mentorship programs and industry certifications.
• Access to cutting-edge technology and tools to support underwriting and business development activities.
• Recognition and reward programs for outstanding performance and contributions to team success.
• Paid time off, holidays, and parental leave, reflecting Liberty Mutual's commitment to work-life balance.

• Tailor your resume and cover letter to highlight your underwriting experience, especially in inland marine, and your ability to build strong relationships with agents and brokers.
• Prepare to discuss specific examples of risk assessments, deal negotiations, and relationship-building strategies during the interview process.
• Familiarize yourself with Liberty Mutual's underwriting guidelines and be ready to ask informed questions about the role, the team, and the company culture.
• Emphasize your analytical and problem-solving skills, as well as your experience with data analysis tools, to demonstrate your ability to make informed underwriting decisions.
• Showcase your ability to work independently in a remote setting while maintaining strong communication channels with the team and stakeholders.
• Research the current market trends in commercial insurance and inland marine underwriting to discuss how you can contribute to Liberty Mutual's growth and success in this area.
• Be prepared to negotiate your salary based on your experience and qualifications, keeping in mind the company's compensation philosophy and the current market standards.