Senior Underwriter, Treaty Property Reinsurance MA
Company: Liberty Mutual
Location: Boston
Posted on: April 24, 2024
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Job Description:
Pay PhilosophyThe 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 Are you ready for the next step in your career? If so,
this dynamic opportunity could be for you. You will be responsible
for the profitable growth of an catastrophe excess of loss assumed
reinsurance portfolio. Achieve a return on equity consistent with
Company objectives. Establish and execute a marketing plan that
facilitates desired level of growth and profitability. Track and
handle the catastrophe accumulation exposure presented by the book.
Work with the Director of Assumed Claims to resolve coverage or
payment issues. Work with Actuarial and Reinsurance Accounting
regarding overall results and reserves including discussion of
claims issues. Work with catastrophe modeling in exposure analysis
of an account and ensure compliance within established aggregate
thresholds. You will serve as a technical resource on underwriting
and reinsurance issues. Does this speak to your strengths?
Senior Underwriter: $103,000- $170,800. Annual FTO days (Flexible
Time Off): 20
Executive Underwriter: $127,000 - $225,000. Annual FTO days
(Flexible Time Off): 20
Responsibilities:
You will annually draft an assumed reinsurance business plan that
emphasizes diversified growth, controls aggregate exposures,
achieves a return on equity that meets Company standards, and
maintains an acceptable level of catastrophe protection.
Underwrites new and renewal catastrophe excess of loss reinsurance
programs as well as potential involvement in pro rata and risk
excess of loss placements that meet department and business plan
guidelines. Perform underwriting audits to ensure continued
acceptable performance.
Develop and implement a marketing plan to facilitate profitable
growth. Establishes and maintains positive relationships with
brokers and reinsurers to secure opportunities compatible with
business plan objectives.
Track and lead aggregate exposures presented by the assumed book so
they remain within business plan parameters.
Collaborates with the Assumed Reinsurance Underwriting Manager to
develop underwriting strategies, techniques, and guidelines.
Serve as a technical resource to the SBUs and Reinsurance
Department on underwriting
** There may be consideration for slightly higher or lighter
profiles as we are looking at Underwriting Officer Reinsurance
and/or a Director of Assumed Reinsurance for this role.
QualificationsBA or BS degree with a minimum of 5 years of relevant
insurance operations experience with preferably 3-5 years
underwriting catastrophe excess of loss treaties.
Specific knowledge and understanding of catastrophe models,
specifically AIR and RMS.
A reinsurance background is strongly preferred. The ideal candidate
ought to have strong oral and written communication skills and
experience writing and executing business plans focused on
developing and underwriting a portfolio of property risks
generating an acceptable return on equity
A solid understanding of reinsurance underwriting, claims,
accounting concepts, systems and procedures is desirable.
Needs to have strong broker and reinsurer contacts.
Marketing experience is a plus.
A familiarity with Liberty's structure, department/SBU functions,
and information systems would be beneficial.
About UsAt 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.
Keywords: Liberty Mutual, Arlington , Senior Underwriter, Treaty Property Reinsurance MA, Accounting, Auditing , Boston, Massachusetts
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