Surety Underwriting Associate

Are you looking for a challenging and rewarding career in the insurance industry? Do you have a passion for analyzing risk and making sound financial decisions? If so, then we have the perfect opportunity for you! Liberty Mutual Insurance is seeking a highly motivated Surety Underwriting Associate to join our team. In this role, you will have the opportunity to work with a dynamic team, collaborate with various departments, and make an impact on our business. We are looking for individuals with a strong analytical mindset, excellent communication skills, and a desire to learn and grow. If this sounds like you, read on to learn more about the qualifications for this role and how to apply.

1. Conduct thorough analysis and evaluation of potential risks associated with surety bonds to determine appropriate underwriting decisions.
2. Communicate with internal and external stakeholders to gather information and provide updates on underwriting decisions.
3. Review and interpret financial statements, credit reports, and other relevant documents to assess the financial strength and stability of potential clients.
4. Collaborate with other departments such as sales, claims, and legal to ensure a comprehensive understanding of the business and to make informed underwriting decisions.
5. Develop and maintain positive relationships with clients, agents, and brokers to promote business growth and retention.
6. Stay up to date with industry trends, regulations, and best practices to ensure compliance and improve underwriting processes.
7. Participate in training and development opportunities to expand knowledge and skills related to surety underwriting.
8. Utilize sound judgement and decision-making skills to determine appropriate terms and conditions for surety bonds.
9. Assist in the development and implementation of underwriting strategies and guidelines to support business goals and objectives.
10. Maintain accurate and organized underwriting files and documentation for audit and compliance purposes.
11. Collaborate with team members and provide assistance when needed to ensure a smooth and efficient underwriting process.
12. Continuously monitor and evaluate the performance of existing surety bond accounts to identify potential risks and recommend appropriate actions.
13. Adhere to company policies, procedures, and guidelines to maintain a high level of professionalism and ethical standards.
14. Assist in special projects and initiatives as needed to support the overall success of the surety underwriting team.
15. Act as a brand ambassador for Liberty Mutual Insurance and uphold the company's values and reputation in all interactions.

According to JobzMall, the average salary range for a Surety Underwriting Associate in Boston, MA, USA is $65,000 - $85,000 per year. This can vary depending on factors such as experience, education, and the specific company or organization the individual is working for. Some factors that can influence salary include the size and financial stability of the company, the complexity of the underwriting process, and the level of responsibility and decision-making authority given to the associate. Additionally, geographic location can also play a role in determining the salary range for this position.

Liberty Mutual Group is an American diversified global insurer and the third-largest property and casualty insurer in the United States. Based in Boston, Massachusetts, it employs over 45,000 people in more than 900 locations throughout the world. The company, founded in 1912, offers a wide range of insurance products and services, including personal automobile, homeowners, workers' compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, fire and surety. Liberty Mutual Group owns, wholly or in part, local insurance companies in Argentina, Brazil, Chile, China (including Hong Kong), Colombia, Ecuador, India, Ireland, Malaysia, Poland, Portugal, Singapore, Spain, Thailand, Turkey, the United Kingdom, Venezuela and Vietnam.