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Underwriting Specialist, Insurance Agents Errors & Omissions more...
Location:Seattle, WA
Company:Liberty Mutual Insurance
First posted:February 12, 2021
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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 (please use the apply button below)

 

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.

 

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: (please use the apply button below)

 

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.

Advance Your Underwriting Career at Liberty Mutual Insurance- A Fortune 100 Company

This Underwriting Specialist role will allow you to apply your multi-line or professional liability experience to market and underwrite a niche line of business, Insurance Agents Errors & Omissions exposures. Applicants should be well versed with the application of marketing and sales principles and techniques that will help drive new business prospects. Highly effective oral and written communications skills, including negotiating, presentation, persuasion and relationship management skills. Develops, grows, and maintains a profitable, diversified book of business through effective underwriting decision making, mutually beneficial agent/brokers relationships, and application of underwriting tools, systems, and expert resources under limited supervision.

 

  • Risk Selection: Reviews, rates, underwrites, evaluates, or assesses the insurance agency applying for insurance by qualifying accounts, identifying, selecting and assessing risks, determining the premium, policy terms and conditions, obtaining approvals, creating/presenting the proposal to the agent/broker, and successfully negotiating deals.
  • Marketing agent, program administrator and insurance agency/broker relationships. Demonstrates a high level of responsiveness and focus on supporting bjectives for assigned field. Establishes, develops, and maintains successful relationships with territory managers, Agents and Brokers to facilitate marketing of products, through responsive service, site visits, in person renewal meetings or enhanced knowledge of their customers businesses. Develops strong personal brand to build and maintain a long term quality pipeline of insurance Agents/Brokers.
  • Portfolio Management: Manages a sizable and complex book of insurance agent’s E&O business by analyzing the portfolio, identifying areas of opportunity for improved growth, profit and diversification, and executing marketing plans to increase market share by making marketing calls to sell and cross market the program.
  • Documenting the Deal: Documents files in a way that reflects a solid thought process and decision making through comprehensive account reviews, sign-offs and referrals that comply with state regulations, letter of authority, and underwriting guidelines. Conducts file reviews.
  • Leadership: Formally guides, mentors, and coaches underwriters and account analysts in both technical and professional skills. Demonstrates an area of expertise and provides regular updates to other underwriters.
  • Continuous Improvement: Actively participates in continuous improvement by generating suggestions, participating in problem solving activities, and using continuous improvement tools to support the work of the team. 

Advanced-level knowledge of insurance products/coverage, prior experience with insurance agents E&O a plus, underwriting, pricing, risk selection, market segments and marketplace; insurance finance and actuarial concepts; loss control/risk engineering; marketing techniques, regulatory environment and reinsurance; advanced-level knowledge of  territory management.  Ability to apply underwriting/appetite,  tools, systems, and resources to achieve goals, solve complex problems, establish and build healthy working relationships internally and externally, lead mentoring relationships, and negotiate, as normally acquired and a related bachelor’s degree seven to ten years of relevant experience preferred; CPCU or professional insurance designation strongly preferred

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