Surety Home Office Underwriting Officer

Job

Summary: Reviews new and existing small to mid contract risks submitted by assigned field offices to confirm compliance with Liberty Mutual Surety’s underwriting strategies, guidelines and marketing objectives.

Utilizes an objective perspective to identify omissions in underwriting detail, confirm attributes and/or weaknesses of case, and ratify parameters of credit recommended for specific risks, with the primary objective of achieving profitability for the department.

Makes appropriate recommendations to senior Home Office staff on business above authority level or outside of standard underwriting guidelines.

Manages the audit function associated with the Surety Plus contract book of business using analytical tools.

Responsibilities

• Underwrites new and existing contract account submissions of a wide range in size and complexity utilizing underwriting authority granted by the Chief Underwriting Officer.
• Conducts thorough evaluations and assessments of a contractor’s financial, technical, organizational, and management capacities, as well as a subjective judgment of character, normally based upon data/insights provided by the field organization; may meet with client to facilitate assessments.
• Monitors existing contract book of business from an underwriting standpoint using analytical tools.
• Continuously evaluates qualitative characteristics of the business (new and existing) in each of the field offices assigned to be his/her responsibility.
• Assesses and 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 Bond Managers in the field offices on a regular and timely basis.

If the selected candidate lives within 50 miles of a GRS office, then the selected candidate should be prepared to come into the office two days per week.

This policy is subject to change.

Ideally, the selected candidate can work a standard Pacific Time Zone schedule.

Qualifications

• Degree in Business or equivalent typically required.
• A minimum of 10 years of experience with progressive surety underwriting responsibility expected.
• Prior field experience, including management experience, with an emphasis on underwriting large/complex obligations or programs desired.
• Demonstrated ability to successfully manage underwriting oversight, preferably in multiple offices.
• Must possess in-depth knowledge of the surety industry, products, and operations, including the ability to analyze highly complex obligations or programs.
• High level knowledge of the Surety line(s) of business and the ability to identify risk and take reasonable effort to mitigate negative consequences.
• Expert‑level analytical abilities and decision‑making skills to evaluate and judge underwriting risks within scope of responsibility.
• Demonstrates an understanding of reinsurance, macro‑economic issues, and geo‑political risk.
• Results‑oriented with a proven track‑record of taking individual initiative, exercising solid business judgment, and strategic thinking.
• Exceptional negotiating skills required.
• Excellent written and verbal communication skills and strong executive presence with internal and external senior‑level executives required.
• A proven coach and mentor with active participation in developing field and/or home office talent.

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 any basis prohibited by federal, state or local law.

• Fair Chance Notices (California)
• Los Angeles Incorporated
• Los Angeles Unincorporated
• Philadelphia
• San Francisco
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