Surety Underwriting Assistant

Location
45201, Cincinnati
Salary
Open
Posted
Nov 21, 2021
Closes
Jan 20, 2022
Ref
96003369#GIJ--LibertyMutual.1
Category
IT , Underwriting
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 onIDG'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 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 

 

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. 

Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the #1 Surety in the United States and the largest globally. 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 16 countries.

 

**Position can expect to work hybrid schedule between an office listed and virtual.**

 

**This is a ranged posting, position offered will be based on skills and experience at manager discretion.**

 

Responsibilities: 

 

Working as a Surety Underwriting Assistant, the select candidate will work on the most complex processing transactions and provide support to the Surety Underwriting team and Agents. The position will have extensive contact with agents and clients and assist in inputting new bond transactions, endorsements and supporting surety underwriting information management, updating agency information, and providing administrative support as needed.

 

  • Subject matter expert for the most complex processing transactions which may include reinsurance,  Work-in-Progress, assumed and ceded transactions, Resolves complex reconciliation problems as necessary.
  • Process Surety business through data entry supporting one or more product lines within a defined territory applying knowledge and understanding of rating scenarios, and producing error free work through strong attention-to-detail. This includes but is not limited to: prepare and execute new bonds, riders, enter rates and code new business, renewals, cancellations, endorsements, and reinstatements. 
  • Provide underwriting support to Surety Underwriting team (Underwriters, Bond Managers, etc) and legendary service to internal and external customers, including agents and clients within a defined territory. Assists with customer inquiries and questions, as well as the input of new bond transactions.
    Input, update and retrieve information using various systems, including billing/workflow, underwriting analysis and contractor's database systems. 
  • Uses excellent verbal and written communication skills to engage with Home Office and field teams, Customer Accounting, Surety IT, Surety Claims, attorneys, and additional internal and external customers.
  • Apply considerable independent judgment and critical thinking skills to complete most complex or specialized assignments/tasks working within defined policies and procedures and to optimize planned business results.
  • Assist Finance with collections inquiries, premium and commission discrepancies upon request. May require a high level of independent interaction with agents/brokers.  Surface more complex collection issues to Admin Manager and/or designee, as policy specifies or requested.
  • Review and reconciles internal system reports as directed by Manager.
  • Apply advanced level technical knowledge of Surety Operations Processing policies and procedures acquired through experience in job area or through advanced level technical training.
    High degree of interaction with Bond Manager and underwriting personnel to provide all support required in various underwriting functions, including but not limited to, financial file maintenance, WIP schedule entry analysis etc.  These functions may include some financial reporting under the direction of the Bond Manager, or designee.
  • Process, coordinate and/or validate data and documents to ensure quality and customer satisfaction.
  • Perform technical support within the office and assists in the resolution of IT problems in coordination with Surety IT Department.
  • Provide support and guidance within office over less experienced team members   Assure high quality service delivery by team.  May mentor less experienced Underwriting Assistants to fulfill the service standards of the department. 
  • Provide Administrative Support.
  • Special projects as assigned

  • 5+ years previous Surety underwriting assistant experience is expected. Associates or Bachelor's degree preferred.
  • Solid understanding of surety business, rating, and all processing functions required to support operations strongly preferred. This includes ability to handle most complex bond processing activities.
  • Proven ability to organize personal work flow as well as the work flow of others.
  • Demonstrates ability to lead and mentor others.
  • Exhibits high degree of independence, critical thinking skills, and proficiency with bond processing/assigned tasks.
  • Learns quickly and demonstrates an open attitude when facing new problems, processes, or procedures, and takes advantage of diverse sources of information to solve problems.
  • Able to work effectively in a diverse team environment as well as independently.
  • Demonstrates the ability to produce error-free work and achieve high levels of accuracy.
  • Able to multi-task and prioritize work in order to accomplish the most important individual objectives.
  • Exceptional verbal and written communication skill.
  • Able to complete tasks and assignments in a high volume work environment.
  • Strong PC skills, specifically Word, Excel, PowerPoint and Outlook.
  • Level of position and salary based on experience.

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