Underwriting Specialist, Construction
Company: Liberty Mutual Insurance
Location: Walnut Creek
Posted on: January 9, 2022
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
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:
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.
We are focused on building our Construction team! Join our
dedicated specialty underwriter group and own your territory!
Liberty Mutual National Insurance Specialty Construction handles
Middle Market to National Account-sized Construction business
sharing specialized knowledge of construction and risk management
with our agents and brokers. We foster underwriter judgment and
emphasize local decision making. It's an excellent opportunity for
a talented commercial insurance underwriter with construction
expertise, confidence and deal orientation.
- Develop and maintain highly effective business relationships
with assigned agents and brokers in order to attract, develop/grow
and retain profitable business in your assigned territory.
- Evaluates a prospect's/renewal's financial standing,
operational strategy, and industry trends to determine whether to
proceed with the account, and if so, under what terms and
- Performs a hazard analysis by combining knowledge and
experience with available information on the prospect's/renewal's
and its industry, and where appropriate, collaborates with
experienced underwriters and other departments to evaluate a
prospect's/renewal's potential exposure to loss.
- Applies understanding of insurance with the hazards identified
for the customer to assess the customer/broker request and
determine acceptable coverage grants by line of business that
address the customer's critical insurance and service
- Using assessments of the prospect's/renewal's operations and
anticipated hazards, losses (primary & excess), and expenses
(service requirements), applies knowledge of pricing tools, manual
rates, rating plans, and reinsurance, develops a price for each
coverage and rating plan option under consideration that meets or
exceeds target returns, and has accountability and ownership of
account pricing recommendations.
- Given the customer/broker request, the hazard, coverage, and
loss analyses, and the competitive situation, recommends program
structures (coverage, limits/retention, rating plan/pricing, and
billing combinations) achieving desired Business Unit goals,
including long term profitability.
- Completes all required steps on documentation and account
Communicate and collaborate across the organization- such as
Claims, Product Management, Loss Control, Legal, Credit,
Distribution, and Production- to provide solutions/recommendations
and achieve organizational success.
- The ideal candidate is a highly knowledgeable and disciplined
underwriter with experience managing construction risks and a track
record of growing a book of business that performs well over the
- Excellent knowledge of commercial insurance coverages,
contracts and underwriting guidelines as normally acquired and a
related bachelors degree eight to ten years of commercial lines
underwriting experience preferred
- Ability to make good business decisions based upon a mixture of
analysis, wisdom, experience, and judgment.
- Strong communication and influencing skills to build immediate
credibility, both internally and externally; an ability to present
effectively to a wide range of audiences
- Ability to negotiate skillfully in tough situations; gains
trust of others and has a good sense of timing
- Insurance specific designations (e.g. CPCU, CRIS) desired
Keywords: Liberty Mutual Insurance, Walnut Creek , Underwriting Specialist, Construction, Professions , Walnut Creek, California
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