Pay Philosophy
The 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
Note: Location of position is flexible and should be based near a major airport to accommodate travel needs. Level of position and compensation based on location and experience.
As a part of our construction product offerings and portfolio, Liberty Mutual is hiring a SDI Underwriter to join our growing Subcontractor Default Insurance (SDI) team. As a SDI Underwriter, you will be responsible for supporting the underwriting process by performing construction risk analyses of contractor accounts of all sizes and complexities in support of Liberty Mutual’s SDI strategy. Furthermore, you will be responsible for providing consultative services to customers as part of their SDI program; these services will focus primarily on subcontractor prequalification, quality control, schedule analysis, claim avoidance and preparation, risk identification, and other subcontractor risk management controls. You will work to support the claims process as needed, participate in audit and administrative functions, and assist with the assembly and review of data to support the objectives of the unit. Collaboration with underwriters, claims analysts, and other teams within Liberty Mutual Surety as well as customers, brokers, and other outside parties will be a vital part of your role as a SDI Underwriter.
Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the world’s largest globally Surety, including in the United States. Conducting business worldwide through fronting relationships and Liberty-owned subsidiaries, we provide bonds in over 60 countries for construction firms, manufacturers and suppliers, and commercial enterprises on an account and transactional basis. We are committed to building mutually profitable relationships by providing smart business solutions, ease of doing business, and consistent, responsive service. Liberty Mutual Surety is dedicated to the communities we serve and highly values a diverse workforce in more than 18 countries.
Responsibilities
- Responsible for technical and construction analysis of general contractor practices, construction projects, and individual subcontracts ranging in size and complexity to support underwriting process.
- Active involvement in underwriting process including review of contractor submission material, analysis and comparison of submission data, identification of top risks, coordination with underwriter, preparation of prospective account risk analysis report, and participation in underwriting meetings.
- Performance of consultative services to customers including presentations, and preparation of technical reports.
- Collection, assembly, and review of data to be analyzed for account and program risk evaluation including but not limited to subcontractor default history, enrollment statistics, and other relevant metrics.
- Coordination of site inspections of projects and meetings with customers including interface with brokers and other parties.
- Evaluate and provide detailed feedback on subcontractor prequalification processes, quality control tasks and programs, construction schedules, subcontractor bid spread analysis, and other subcontractor risk management controls.
- Communicate with SDI Underwriter on relevant account information and provide guidance or suggestions based on observation(s) of construction and risk management-related observations.
- Ability to read and understand complex construction schedules, identify critical path activities, and have a basic understanding of construction delay calculation methodologies
- As requested by claims or underwriting, lead/participate in visits to contractors to assess internal control structure, job cost systems and reporting capabilities and how senior management oversees business activities. This process includes gathering contracts, schedules, original estimates, job cost reports, cost-to-complete schedules, and interviews of key personnel. The engagement conclusion typically results in a written report outlining key deficiencies with suggestions to improve the operations.
- Advises underwriting as to key findings.
- Review and provide assessment of unique subcontractor or project conditions when required to support underwriting or customer service requests.
Qualifications
- Degree in Business or related field typically required. A minimum of 3 years expected, typically 5 years or more progressive SDI underwriting experience and/or other related business experience with progressive responsibility desired.
- Advanced analytical ability and decision-making skills to evaluate and judge underwriting risks within scope of responsibility.
- Demonstrated ability to make and clearly communicate sound underwriting recommendations that includes complex analyses, both verbal and written, and displays strong 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
About Us
**This position may have in-office requirements depending on candidate location.**
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.
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.
Fair Chance Notices
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- Philadelphia
