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AVP, Senior Underwriting Manager, Risk Management

Liberty Mutual

Liberty Mutual

New York, NY, USA · Boston, MA, USA
Posted on Sep 13, 2024

AVP, Senior Underwriting Manager, Risk Management

Job Locations US-NY-New York | US-MA-Boston
ID
2024-66095
Position Type
Full-Time
Minimum Salary
USD $104,500.00/Yr.
Maximum Salary
USD $320,100.00/Yr.
Typical Starting Salary
$144,000 - $242,000
Flexible Time Off Annual Accrual - days
25

Pay Philosophy

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.

Description

As the AVP, Senior Underwriting Manager, Risk Management, GRS, you will oversee the underwriting operations for a business portfolio for Risk Management accounts in the Northeast Division. Builds expertise by selecting, developing, and managing a unit of technically competent underwriters with multi-line expertise, confidence in judgment, and deal orientation. Identifies and pursues opportunities for profitable growth to achieve a balanced, profitable, and quality book while protecting Company assets. Develops and maintains effective business relationships with brokers, customers, distribution, and service partners. Applies an advanced level of expertise and judgment to analyze data prepared by underwriters and provides approval for risk selection and acceptance, coverage, and price for multi-line business.

Responsibilities:

  • Leadership: Responsible for acquiring, retaining, and developing underwriting talent. Formally manages, guides, mentors, and coaches underwriters in both technical and professional skills. Fosters an environment conducive to continuous improvement.
  • Risk Selection: Responsible for developing and implementing a strategy to better evaluate risk quality and further UW skillset in qualifying, selecting, and assessing risk.
  • Agent/Broker Relationships: Establishes and maintains a high level of relationship management with key Brokers. Develops underwriter's negotiation, communication, and general deal-making skills.
  • Portfolio Management: Evaluates portfolio performance based on profitability metrics, multiline diversification, reinsurance, production metrics, and industry trends. Defines strategy and oversees the execution of continuously improving portfolio in alignment with division or segment objectives.
  • Quality Audit and Account Review: Ensure files meet regulatory requirements and internal documentation standards. Coach underwriters to articulate thought processes and decision-making within account reviews and file documentation.

Qualifications

Qualifications:

Expert level understanding of commercial casualty products, insurance operations, finance and actuarial concepts, regulatory environment, reinsurance, account management, underwriting, and producer management;

Skills required include:

Analyzing and problem-solving

Relationship-building,

Communicating and negotiating effectively and achieving results

Advanced degree or equivalent training required,

CPCU designation (or equivalent), experience managing or mentoring underwriting staff preferred, 7+ years of relevant experience

About Us

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

As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.

We are proud to support a diverse, equitable and inclusive workplace, where all 45,000 employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.

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

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