Senior Surety Underwriter

Description

Liberty Mutual Surety™ is currently recruiting for a Senior Surety Underwriter to join our Northeast Large Contract team.

As a Senior Surety Underwriter you will develop and underwrite profitable surety business, and service independent agents, brokers, and large contract accounts within an assigned territory. Using your excellent relationship skills, you will build and maintain positive partnerships with our agents, brokers, and accounts as a trusted advisor and underwriting resource for our producers and customers. 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 of Liberty Mutual Insurance, is one of the world’s largest global Surety, including in the United States. 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 18 countries.

• Underwrite and negotiate accounts to maximize profitability whilst minimizing risk, which may include the most complex accounts based on level of role. Make thorough evaluations and assessments of a customer’s financial, technical, organizational, and management capacities, including experience, desired objectives and a subjective judgment of character.
• Manage the profitability and retention of an assigned book of business while continuing to develop the portfolio through strong relationships and active engagement with new and existing agents and brokers. May assist in developing the marketing plan.
• Perform analytical evaluations of financial statements on both a static and trend basis. Determine the present and historical financial position of accounts and monitor the financial position of risk through analysis of quarterly statements and work in progress data as appropriate.
• Stay abreast of Liberty Mutual Surety and Global Risk Solutions product lines and identify/promote opportunities across with agents and brokers, leveraging domestic and global capabilities.
• Be responsible for investigating, analyzing, and managing all necessary underwriting/accounting/workflow issues within the framework of Surety policies and procedures.
• 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 Home Office Underwriters and Field Management.
• Assist in the evaluation of business continuity arrangements and funding mechanisms (such as adequacy of life insurance) to preclude financial drain of customer in the event of the demise of an owner or other insurable loss.
• May mentor more junior staff based on level.
• Perform special projects and other duties as assigned.

• Bachelor’s degree in Finance, Accounting or equivalent and a minimum of 5 years experience expected, preferably 7 or more years surety underwriting experience and/or equivalent surety related business experience. Strong preference with the large contract Surety product line.
• Solid understanding of financial and accounting principles and the ability to demonstrate sound business judgment in the evaluation of the financial condition and credit history.
• Proven analytical ability to evaluate and judge surety underwriting risks within scope of responsibility.
• AFSB certification preferred.
• Demonstrates strong ability to communicate complex…