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.
Description
The Head of Cyber Underwriting will coordinate local execution of the global Cyber strategy across business segment in all regions. This role will liaise with Actuarial, Cyber Advisory Services and the Global Product Leader to ensure business needs are integrated across and enable us to drive profitable underwriting within respective business. The Head of Cyber Underwriting will raise awareness on emerging risks in the Cyber product portfolio and contribute to the development of our global strategy focused on capturing this opportunity in a profitable way. This role will operate within a heavily matrixed environment reporting directly to the GRS North America President of Financial Lines with a dual reporting line to the Global Head of Cyber.
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Responsibilities:
- Strategy & Execution. Strong participant in creation of cyber strategy for their region and contributes to the development of the global Cyber strategy for GRS.
- Supports the Global Head of Cyber in building a single view of Cyber across the Business and ensures execution within respective business in alignment with GRS strategy.
- Develops close relationships and operates within "team of teams" environment to ensure successful execution with regional leadership including Presidents and CUOs of respective segments where Cyber is written.
- Partners closely with regional CUOs to provide input and guidance on authority limits for Cyber which enable profitable growth in our Cyber business in alignment with our strategy.
- Responsible for advocating for and allocating tolerance across North America regions in collaboration with the Global Head of Cyber.
- Represents North America as an external point of contact for Cyber and acts as a thought leader in the market.
- Collaborates and works closely with other Heads of Cyber to exchange Cyber data, insights, and best practices across businesses.
- Collaborates with actuarial to support the Cyber product pricing.
- Work with Risk Advisory Services to develop improved UW assessment tools and standards to better evaluate customer risk management approaches.
- UW Capability Development. Undertakes Cyber capability assessments across underwriting teams within respective business.
- Drives knowledge sharing for relevant global and regional trends and information on evolving nature of risk, performance results, claim trends, etc. that will then be used to inform local underwriting strategy decisions.
- Leads team of underwriters and/or underwriting managers.
- Provides cyber decision-making authority to local Cyber underwriting teams.
- At least 10+ years Underwriting P&L experience.
- Strong experience in technical training for cyber.
- Cyber product expertise and underwriting experience, working knowledge of relevant products.
- Deep understanding of how the pieces of the organization fit together to create value and deliver results.
- Maintain a solid grasp on the ever-changing context within which the business competes.
- International experience.
- Able to operate and influence in a complex matrix environment, acting as the convenor for capabilities owned by others.
- Can articulate views, engage other ideas, analyze data for insights, weigh alternatives, own the final call, and communicate decisions clearly.
This position may have in-office requirements depending on candidate location.
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.
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
We are proud to support a diverse, equitable and inclusive workplace, where all 45,000 employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.
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.
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