Senior Underwriter, Healthcare Risk Management

Senior Underwriter, Healthcare Risk Management

Join to apply for the Senior Underwriter, Healthcare Risk Management role at Liberty Mutual Insurance

This range is provided by Liberty Mutual Insurance. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$68,000.00/yr - $247,000.00/yr

Overview

The Healthcare Risk Management team is a unit within Major Accounts that focuses on mid-sized and large healthcare providers. As part of this specialized unit, you will primarily write Workers' Compensation and Auto for all program structures, primarily loss-sensitive. You will collaborate closely with partners in Loss Control, Industry Consulting, and Claims to build expertise in the healthcare industry and profitably grow the vertical.

Responsibilities

• Develops, grows, and maintains a profitable, diversified book of business through effective underwriting decision making, mutually beneficial agent/brokers relationships, and application of underwriting tools, systems, and expert resources. Guides/mentors less experienced underwriters in their respective area of expertise.
• Risk Selection: evaluates opportunities by qualifying accounts; identifying, selecting and assessing risks; determining the premium, policy terms and conditions; obtaining approvals; creating/presenting the proposal to the agent/broker and successfully negotiating deals.
• Agent/Broker Relationships: Responsible for production underwriting by marketing to a geographic territory, targeting healthcare accounts with revenues greater than $10M.
• Demonstrates a high level of responsiveness and focus on supporting Agents and Brokers objectives through successful negotiations. Develops and maintains the relationship through responsive service, site visits, in person renewal meetings or enhanced knowledge of their customers’ businesses.
• Portfolio Management: Manages a sizable and complex book of business by analyzing the portfolio, identifying areas of opportunity for improved growth, profit and diversification, and executing marketing plans to increase market share with preferred brokers. Uses pricing models as tools and guidance while tailoring price to risk, quality, and coverage terms to ensure portfolio profitability.
• Service Value Proposition: Understands and articulates the specialized services Liberty Mutual can offer our healthcare insureds and how they compare to those provided by our competitors.
• Documenting the Deal: Documents files in a way that reflects a solid thought process and decision making through comprehensive account reviews, sign-offs and referrals.
• Leadership: Formally guides, mentors, and coaches underwriters in both technical and professional skills. Demonstrates an area of expertise and provides regular updates to other underwriters.
• Continuous Improvement: Actively participates in continuous improvement by fully engaging in daily huddles, generating suggestions, following appropriate procedures and work principles, participating in problem solving activities, and using continuous improvement tools to support the work of the team.

Qualifications

• Intermediate-level knowledge of insurance products/coverage, market segments, and marketplace; insurance finance and actuarial concepts; loss control/risk engineering; marketing/selling techniques, and regulatory environment.
• Advanced-level knowledge of underwriting, pricing, risk selection, and territory management.
• Ability to apply underwriting/appetite, tools, systems, and resources to achieve goals, solve complex problems, establish and build healthy working relationships, lead mentoring relationships, and negotiate.
• Bachelor’s degree; 3 to 7 years of commercial lines underwriting experience preferred; CPCU or professional insurance designation preferred.

About Us

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.

As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.

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.

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