Full-Time

Underwriting Officer

Trade Credit

Posted on 4/1/2025

Liberty Mutual

Liberty Mutual

10,001+ employees

Global provider of property and casualty insurance

No salary listed

Expert

New York, NY, USA

Category
Insurance
Finance & Banking
Required Skills
Risk Management
Connection
Connection
Connection
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Requirements
  • Strong interpersonal and communication skills
  • Strong credit and financial risk analysis skills
  • Strong negotiation, organizational and prioritization skills
  • Minimum 10+ years working in the Financial Services sector, preferably in an insurance company’s credit and political risk insurance team, the credit/loan/syndication function of commercial or investment bank, or a Public Agency engaged in credit and/or political risk insurance or direct lending function
  • Bachelor’s degree is required with Business/Finance degree preferred. MBA preferred.
  • Strong understanding of the drivers of Financial Institutions’ use of risk mitigation products
  • Experience in Emerging Markets credit risks
  • Use of risk profiling and pricing tools and loss models
  • Strong economic, political, and current affairs understanding and knowledge
Responsibilities
  • Support the development of MBTC and ensure delivery of the business plan in accordance with stated risk tolerances and underwriting strategy
  • Execute new product and marketing strategies including end-to-end project management, risk underwriting framework, regulatory and form filing requirements, content development, operations, and marketing
  • Generate and lead new initiatives to improve all aspects of the MBTC business reflective of the elite underwriting nature of the role
  • Underwrite all types and sizes of Trade Credit Insurance risks in accordance with business plan and in compliance with delegated authority including risk and credit analysis, quote, negotiation, bind, issuance and policy servicing
  • Establish and strengthen relationships with clients, brokers, industry bodies, business and consortium partners, and colleagues to maximize influence and achieve business objectives
  • Conduct credit reviews of buyer/obligor financial statements, and set or recommend appropriate limits, aggregates and risk ratings based on the buyer’s credit and financial strength
  • Present LSM and MBTC strategy and data to both internal and external stakeholders on a regular basis including development and updating relevant content
  • Further develop expertise and technical knowledge across critical risk categories including country, industry and emerging insurance risks and provide team updates
  • In conjunction with the Country & Credit Risk Management (CCRM) team, contribute to and influence the review and analysis of the overall credit risk portfolio
  • Engage internally to further develop and enhance risk and pricing models
  • Interact with the Claims team on claims matters
  • Ensure entries are properly recorded into relevant systems in a timely manner while ensuring accuracy of data in relation to both underwriting and aggregate exposures
  • Conduct periodic reviews of underwriting files in support of the Peer Review process
  • Comply with all applicable internal and external laws, regulations, policies, procedures and guidance
  • Adhere to underwriting standards, instructions, and best practice methodology to minimize risk as incorporated into the Underwriting Controls Framework
  • Actively mentor new hires and junior members of the MBTC team
  • Act as a referral point for Financial Risk Solutions colleagues underwriting similar risks
  • Utilize resources across the team to ensure business requirements are achieved
  • Manage performance in accordance with the company’s performance process

Liberty Mutual offers a variety of insurance products and services, including personal automobile, homeowners, and commercial insurance. Their products work by providing financial protection to individuals and businesses against various risks, such as accidents, property damage, and liability claims. Customers pay premiums for these policies, which help cover potential losses. What sets Liberty Mutual apart from its competitors is its extensive range of offerings and its global presence, operating in 29 countries. The company's goal is to provide reliable insurance solutions that help clients manage risk and achieve financial security.

Company Size

10,001+

Company Stage

N/A

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1912

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased adoption of telematics allows for personalized premiums and better risk assessment.
  • AI-driven claims management solutions streamline processes and improve customer experience.
  • Expansion of cyber insurance products provides new revenue streams for insurers.

What critics are saying

  • Increased competition from AI-driven solutions like HOMEE could pressure Liberty Mutual.
  • The sale of operations in Western Europe may decrease market share in Europe.
  • Departure of key personnel could affect underwriting management capabilities.

What makes Liberty Mutual unique

  • Liberty Mutual is the eighth largest global property and casualty insurer.
  • The company offers a wide range of insurance products and services.
  • Liberty Mutual operates in 29 countries, serving both individual and commercial clients.

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Benefits

Performance Bonus

Company News

Venture Capital
Mar 3rd, 2025
Chubb Limited to Acquire Liberty Mutual's Insurance Businesses in Thailand and Vietnam

Chubb Limited's acquisition of Liberty Mutual's insurance businesses in Thailand and Vietnam is set to finalize in 2025, marking a significant move in the insurance industry.

The Insurer
Dec 9th, 2024
Liberty Mutual names Arangio chief compliance officer after Morton retires

Liberty Mutual has appointed Nicole Arangio as its executive vice president and chief compliance officer, replacing Karen Morton after she retires in March 2025.

Life Insurance International
Dec 3rd, 2024
Liberty Mutual names new GRS North America president

Liberty Mutual has appointed Marc Orloff as the new president of its Global Risk Solutions (GRS) North America business, effective from 1 January 2025.

Fintech Global
Oct 29th, 2024
HOMEE secures $12m in Series C funding to enhance AI claims management

HOMEE, the only AI-driven direct repair network for the Property and Casualty (P&C) insurance industry, today announced the successful closure of its Series C funding round, amassing $12m.

The Independent
Aug 26th, 2024
Liberty Insurance's Italian buyer Assicurazioni Generali launches RedClick in Irish market

In June 2023, US-based Liberty Mutual Insurance announced the sale of its personal and small business operations in Western Europe, including Liberty Insurance, to Generali Group.

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