Liberty Mutual - Irvine, CA

posted 4 months ago

Full-time - Senior
Irvine, CA
Insurance Carriers and Related Activities

About the position

The Executive Underwriter, Technology Lead - Middle Market, West Division at Liberty Mutual Insurance is a pivotal role responsible for developing, growing, and maintaining a profitable portfolio of technology Property & Casualty business. This position requires a strong focus on marketing and underwriting decision-making, as well as building mutually beneficial relationships with agents and brokers. The ideal candidate will be located in a West Coast market and possess active broker relationships in the area. In this role, the Executive Underwriter will engage in risk selection by reviewing, rating, underwriting, and evaluating business for insurance. This includes qualifying accounts, identifying and assessing risks, determining premiums, policy terms, and conditions, and successfully negotiating deals. The candidate will also be responsible for establishing and maintaining successful relationships with agents and brokers, demonstrating a high level of responsiveness to their objectives. This involves site visits, in-person renewal meetings, and developing a strong personal brand to maintain a quality pipeline with agents and brokers. Additionally, the Executive Underwriter will manage a complex book of technology business, analyzing the portfolio to identify opportunities for growth, profit, and diversification. This includes executing marketing plans and making marketing calls to brokers. The role also involves documenting deals comprehensively, ensuring compliance with state regulations and underwriting guidelines. Leadership is a key component, as the Executive Underwriter will guide, mentor, and coach less experienced underwriters and account analysts, providing regular updates and support. Continuous improvement is emphasized in this position, with the expectation that the Executive Underwriter will actively participate in generating suggestions and problem-solving activities to enhance team performance. The role requires advanced knowledge of insurance products, underwriting, pricing, risk selection, and the regulatory environment, along with strong negotiation and relationship-building skills. A bachelor's degree and significant relevant experience, including a minimum of five years in underwriting technology business, are preferred.

Responsibilities

  • Develop, grow, and maintain a profitable book of technology Property & Casualty business.
  • Engage in risk selection by reviewing, rating, underwriting, and evaluating business for insurance.
  • Qualify accounts, identify and assess risks, determine premiums, policy terms, and conditions, and negotiate deals.
  • Establish and maintain successful relationships with agents and brokers to facilitate marketing of products.
  • Manage a complex book of technology business by analyzing the portfolio and identifying areas for growth and profit.
  • Document deals comprehensively to ensure compliance with state regulations and underwriting guidelines.
  • Guide, mentor, and coach less experienced underwriters and account analysts in technical and professional skills.
  • Participate in continuous improvement initiatives by generating suggestions and engaging in problem-solving activities.

Requirements

  • Advanced-level knowledge of insurance products, underwriting, pricing, and risk selection.
  • Ability to utilize underwriting tools and resources to achieve goals and solve complex problems.
  • A related bachelor's degree is required; seven to ten years of relevant experience preferred.
  • CPCU or professional insurance designation is strongly preferred.
  • Minimum of five years of underwriting technology business experience is required.
  • Technology E&O and Cyber experience is strongly preferred.

Nice-to-haves

  • Experience in territory management and loss control/risk engineering.
  • Strong marketing techniques and understanding of the regulatory environment.

Benefits

  • Comprehensive health insurance coverage.
  • 401k retirement savings plan with matching contributions.
  • Paid time off and holidays.
  • Tuition reimbursement for further education.
  • Professional development opportunities and training programs.
  • Flexible work arrangements depending on candidate location.
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