Pay Philosophy
The typical starting salary range ($105,000 - $120,000) 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
This position offers a hybrid work model out of our Boston office
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You will be part of the Global Reinsurance Department, the team responsible for the reinsurance purchasing for all of Liberty Mutual. This role is specifically within the Property Pillar of Global Re, which is responsible for all External and Internal Property Reinsurance.
This role is a highly exciting opportunity to work across a large multi-national (re)insurer, across a number of different territories. The responsibilities of the Global Re team in the reinsurance buying process span from the first discussions around reinsurance needs to the final execution of external and internal reinsurance contracts. You will work closely with leaders in the Strategic Business divisions, Corporate Finance, Legal, Exposure Management, Brokers, and Reinsurers as we work as a group to purchase the optimal reinsurance for the Company.
Responsibilities:
- Be responsible for supporting the Global Reinsurance Property placement process, including preparing reinsurance submissions and developing marketing materials, support the analysis, design, and execution of internal and external reinsurance placements through collaboration with internal groups and external brokers.
- Individually, or in conjunction with other internal and/or external resources, conducts market research and analyzes financial and strategic merits of insurance and reinsurance strategic opportunities
- Assist in preparing executive presentations describing the structure, strategic fit, and potential financial impact of various opportunities.
- Underwrite internal reinsurance treaties in accordance with the business plan and personal authority to meet business objectives, negotiating rates, terms and conditions for existing and new business
- Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance
- Establish broker and reinsurer relationships to align interests and opportunities across the firms
- Provide support to internal departments regarding reinsurance audits, accounting matters, and compliance
- Find opportunities to improve processes, controls, data management, and strategies Compliance with the production and issue of documentation in accordance with contract certainty requirements
- Compliance with all applicable internal and external laws, regulations, policies, procedures and guidance
- Displays strong research, problem solving, analytical, critical thinking, influencing, relationship management, and presentation skills.
- Reinsurance experience preferred.
- Strong business operations knowledge to include understanding the function's value chain and market conditions.
- Solid ability to support change and impart value within an organization.
- Solid project management skills as part of implementing business process changes.
- Strong knowledge of available data sources, strengths and shortcomings.
- May also be relevant based on the particular needs of the position
- Advanced knowledge of Excel and solid knowledge of database software.
- Solid knowledge of business intelligence tools preferred.
- Bachelor's degree or equivalent experience in addition to 5+ years of relevant experience to include business analysis work.
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 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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