Note: The job is a remote job and is open to candidates in USA. Liberty Mutual Insurance is seeking experienced Life Sciences Underwriters to join their dedicated and innovative Middle Market Life Sciences Industry Practice. The Executive Underwriter role focuses on providing specialized insurance products and services tailored to the Life Sciences industry, managing new business underwriting, and maintaining relationships with agents and brokers.
Responsibilities
- New Business underwriting for profitable growth. Reviews, evaluates, and underwrites submissions; selects and assesses risks aligned with underwriting strategies and guidelines; rates and determines the premium and policy terms and conditions; utilizes broad range of supportive tools; obtains underwriting approval (as needed); creates/presents the proposal to the agent/broker; and successfully negotiates deals
- Services accounts after successfully winning the business in coordination with Liberty Account Analyst and Client Service Managers
- Meets with insureds and ensures Liberty's value-proposition is upheld
- Manages portfolio of brokers/agents & clients. Demonstrates a high level of responsiveness and focuses on supporting agent and broker objectives. Establishes, develops, and maintains successful relationships with agents and brokers to facilitate marketing of products, with responsive service, site visits, in-person renewal meetings and enhanced knowledge of what matters most to each Life Sciences deal. Develops strong personal brand to build and maintain a long-term quality pipeline with agents and brokers
- Actively identifies, manages, and solicits pipeline of opportunities for individual success
- Articulates key coverage differences with a high degree of detail in this specialized, niche space
- Has strong knowledge of key legal cases, legislation and regulation impacting area(s) of underwriting expertise and the LifeSciences industry
- Shares knowledge based on technical expertise, including providing external thought-leadership
- Mentors, coaches, and trains other underwriters and internal and external partners
- Provides significant input into the business and marketing planning process, including advanced data-driven insights from portfolio analysis
- Participates in projects and initiatives to help grow Liberty's Life Sciences Industry Practice, designed to drive underwriting and process excellence (e.g., member of a working team)
- Models effective collaboration across teams, stakeholders and partners (e.g., Distribution, Operations, UW Support, Claims, Actuarial, Directors of Underwriting in North America)
Skills
- Degree in Business, Risk Management, or Scientific Field or equivalent typically required
- A minimum of 7 years expected, typically 10 years or more, of progressive underwriting experience and/or other related business experience
- A minimum of 5 years of Life Sciences underwriting experience
- Proven analytical ability to evaluate and judge underwriting risks within scope of responsibility
- Advanced level of knowledge of insurance products and coverages, underwriting, pricing, risk selection & assessment, and market dynamics specific to the Life Sciences space
- Proven track record of developing and underwriting profitable Life Sciences business
- Demonstrated ability to communicate complex analyses and information in understandable written and/or oral directives to other persons in the organization for underwriting or training purposes
- Demonstrated effective communication and interpersonal skills in dealing with internal and external stakeholders
- Must demonstrate comprehension of most complex technical underwriting issues and be capable of defining and implementing necessary underwriting and administrative processes/workflows to properly manage or administer those issues
- CPCU or professional insurance designation preferred
Benefits
- Commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role
- Comprehensive benefits
- Workplace flexibility
- Professional development opportunities
- A host of opportunities provided through our Employee Resource Groups
Company Overview
Liberty Mutual Insurance provides a broad range of insurance products and services. It was founded in 1912, and is headquartered in Boston, Massachusetts, USA, with a workforce of 10001+ employees. Its website is http://www.libertymutualgroup.com.