Job Locations US-NY-New York | US-IL-Chicago | US-MA-Boston

ID

2024-65492

Position Type

Full-Time

Minimum Salary

USD $227,800.00/Yr.

Maximum Salary

USD $398,700.00/Yr.

Flexible Time Off Annual Accrual - days

25

The 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.

The Chief Underwriting Officer (CUO), North America (NA) Specialty is a critical, high-profile Global Risk Solutions (GRS) North America Underwriting (UW) leadership role that dual reports to the CUO of North America and the President of North America Specialty. This role will have accountability for underwriting strategy and execution, including setting a clear and consistent appetite, identifying growth opportunities, developing reinsurance strategies and working with North America and Global Office of Underwriting partners to shape the target portfolio.

Responsibilities:

• Sets sub-segment underwriting strategy and annual financial plan, aligned with upstream GRS NA and sub-segment strategies and plans
• Sets reinsurance strategy for the sub-segment in conjunction with the GRS NA CUO’s
• Sets strategy and monitors performance of plans for pricing, risk origination, market segmentation and risk selection
• Responsible for execution and delivery of quality assurance activities within the segment, following the central framework established by the NA Office of Underwriting
• Establishes authority limits and referral criteria at the sub-segment level, cascading down within the overall GRS NA CUO’s framework
• Monitors execution of sub-segment underwriting strategy and portfolio performance against plan; handles any referrals escalated
• Monitors developments in the relevant markets and risk environments that could impact sub-segment portfolio performance, and establishes action plans for identified risks and opportunities
• Drives effective cross-functional collaboration and support with sub-segment level functional teams
• Provides strong leadership to continually upgrade sub-segment underwriting talent through training, development, and recruitment
• Determines sub-segment underwriting investment needs to continue monitoring and/or executing effectively, including data capture or strategy, advanced analytics, technology, and talent

Skills: Analyzing and problem solving; decision making, building relationships; leadership; innovation; communicating effectively, engaging and motivating people; negotiation; influencing others; focusing on service; managing and improving processes; executing well; planning and organizing work.

Leadership Capabilities

• A collaborative partner who will nurture trusting relationships. Encourages the open exchange of ideas and respect for other points of view.
• Influential senior executive with Underwriting P&L experience. Leader with a strategic mindset and demonstrated relationship-building ability that provides direction for the underwriting operations.
• A strategic leader who can establish long-term goals, achieve them, and deliver results.
• Forward-looking. Will seek opportunities to contribute and add value across the organization.
• A direct and transparent communicator. Knows how and when to keep others informed.
• An inclusive leader with a keen interest in developing diverse talent.
• A problem-solver who seeks to understand the underlying drivers of the results.
• Intellectually curious. Willing to ask questions and challenge my assumptions.
• Executive presence.

Transformation & Innovation:

• Experience in providing innovative underwriting solutions. A track record of challenging the status quo.

Leadership Experience:

• Influential senior executive with Underwriting P&L experience. Leader with a strategic mindset and demonstrated relationship-building ability that provides direction for the underwriting operations.

• At least 15 years of experience in underwriting specialty, property and casualty, managing a team of underwriters.
• Experience in relevant markets, with knowledge of sales and distribution channels. Product, pricing & underwriting expertise in Commercial & Specialty Lines.
• Manages company underwriting results to achieve corporate profitability. Experience in providing innovative underwriting solutions.
• A track record of challenging the status quo with strong technical underwriting expertise.
• Experience in relevant markets, with knowledge of sales and distribution channels. Objective and results-oriented leader with strategic mindset and demonstrated relationship building ability Strong discipline and has solid decision-making skills coupled with strong technical capabilities. Ability to formulate strategies across portfolios. Ability to set authorities to “define the boxes” based on strategy

**This position may have in-office requirements depending on candidate location.**

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.

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.

Fair Chance Notices

• California
• San Francisco
• Los Angeles
• Philadelphia

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