Senior Underwriter, Middle Market, Multi-Industry

$80,400 - $210,000/Yr

Liberty Mutual - Walnut Creek, CA

Full-time

Walnut Creek, CA

Insurance Carriers and Related Activities

About the position

The Middle Market, Multi-Industry Senior Underwriter at Liberty Mutual Insurance is tasked with developing, growing, and maintaining a profitable and diversified book of business. This role requires effective marketing and underwriting decision-making, as well as fostering mutually beneficial relationships with agents and brokers. The Senior Underwriter will leverage underwriting tools, systems, and expert resources to guide and mentor less experienced underwriters, providing regular coaching and feedback to management on employee progress. Participation in projects that align with the company's goals is also a key aspect of this position. The ideal candidate will possess commercial lines underwriting experience, including auto, property, general liability, workers compensation, and umbrella insurance, along with established broker relationships in the Northern California area. The role involves comprehensive risk selection, where the underwriter reviews, rates, underwrites, evaluates, and assesses business applications for insurance. This includes qualifying accounts, identifying and assessing risks, determining premiums, policy terms, and conditions, and successfully negotiating deals with agents and brokers. In addition to risk selection, the Senior Underwriter will manage a sizable and complex book of business, analyzing the portfolio to identify growth opportunities and executing marketing plans to increase market share. The position also requires maintaining strong relationships with key agents and brokers, demonstrating responsiveness to their needs, and developing a personal brand that fosters long-term partnerships. Documentation is another critical responsibility, as the underwriter must ensure that files reflect a solid thought process and decision-making through comprehensive account reviews and compliance with state regulations and underwriting guidelines. Leadership is a significant component of the role, as the Senior Underwriter will guide and mentor other underwriters and account analysts, sharing expertise and providing regular updates. Continuous improvement is encouraged, with the expectation that the underwriter will actively participate in generating suggestions and problem-solving activities to enhance team performance.

Responsibilities

• Develop, grow, and maintain a profitable, diversified book of business.
• Review, rate, underwrite, evaluate, or assess business applications for insurance.
• Establish and maintain successful relationships with Key Agents and Brokers.
• Manage a sizable and complex book of business by analyzing the portfolio and executing marketing plans.
• Document files to reflect a solid thought process and decision making.
• Guide, mentor, and coach less experienced underwriters and account analysts.
• Participate in continuous improvement initiatives.

Requirements

• Degree in Business or equivalent typically required.
• A minimum of 3-5 years of progressive underwriting experience or related experience.
• CPCU or professional insurance designation preferred.
• Proven analytical ability to evaluate and judge underwriting risks.
• Comprehension of complex technical underwriting issues and ability to implement necessary processes.
• Proven track record of developing and underwriting profitable business.

Nice-to-haves

• Experience in commercial lines underwriting including auto, property, general liability, workers compensation, and umbrella insurance.
• Established broker relationships in the Northern California area.

Benefits

• Comprehensive health insurance coverage.
• 401k retirement savings plan.
• Paid time off and holidays.
• Professional development opportunities.
• Diversity and inclusion programs.