Director, UW Strategy Business Lines

Location
Somerville, Massachusetts
Salary
Open
Posted
Nov 19, 2021
Closes
Jan 18, 2022
Ref
95238194#GIJ--LibertyMutual.2
Job Type
Not Specified
Career Level
Not Specified

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.

 

We have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduatesas 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.

 

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.

This is a ranged posting. This role can be filled at different levels depending on candidate qualifications & experience

 

The Business Lines Underwriting Effectiveness team is responsible for developing Business Lines' underwriting strategy, with a focus on achieving several objectives: 1) ensuring our appetite is clear to internal and external partners, 2) improving our UW ecosystem to support excellent risk selection outcomes and 3) improving efficiency of underwriting processes. 

 

As part of the Line-of-Business UW Strategy team within BL UW Effectiveness, this individual will champion high-impact UW strategy priorities for several product lines. This role will focus primarily on general liability & umbrella lines as well as supporting the build out of UW capabilities for the Simple BOP and Next Gen Package products.

 

This role will work closely with product, underwriting and distribution teams to set strategic priorities and champion initiatives across BL teams that support our growth and profitability targets.  Responsible for determining top UW priorities for assigned lines of business and developing new / improving existing UW capabilities based on those priorities including appetite definition/refinement, UW guidelines, UW rules/questions, and supporting underwriting model development & third party data use cases. 

 

Responsibilities:

  • Develop, prioritize, and manage the build & roll-out of critical underwriting capabilities for assigned product lines (general liability & umbrella, including Simple BOP & Next Gen Package)
  • Create new / manage existing content across several UW tools in support of top UW strategy priorities for assigned lines: UW questions/rules, guidelines, risk level appetite & discretionary pricing tool guidance
  • Support innovation and test & learn of UW capabilities, including vendor inspections, data accuracy initiatives, underwriting models & third party data
  • Focus towards simplification and efficiency while maintaining quality objectives support automation where possible while ensuring UW touch is used where it matters
  • Partner with Express and Custom UW teams, Distribution partners and peers in GRS to understand market conditions, trends and emerging risks/opportunities
  • Develop comprehensive understanding of competitor products, underwriting practices, and pricing strategies; provide insight into opportunities to differentiate BL's product offering

  • Strong knowledge of commercial lines underwriting process & workflows, insurance finance & actuarial concepts, product management, claims, regulatory environment, and industry trends
  • Technical product & UW knowledge of general liability, including coverages/forms and risk evaluation strongly preferred
  • Ability to evaluate risks, identify alternatives, and make tradeoffs
  • Ability to see the big picture, create alignment, plan and organize work, and get work done through others
  • Proven ability to communicate effectively, manage relationships, and influence
  • Excellent analytical, quantitative and problem-solving skills
  • Bachelor's in related field. Advanced degree and/or professional designations desirable.
  • 7-10 years of relevant product and/or underwriting experience in jobs with progressive responsibility

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