Underwriting Officer, Trade Credit

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 MBTC Underwriting Officer is an experienced, elite subject-matter-expert in the profitable sourcing, marketing, underwriting, execution, and caretaking of Trade Credit insurance. Beyond underwriting production responsibilities supported by higher level underwriting authority, the MBTC Underwriting Officer utilizes skills and experience to support and mentor team members and Liberty colleagues across the organization, develops new products, independently executes strategic marketing and underwriting initiatives, and identifies emerging Trade Credit risk factors in need of attention and mitigation to support the business and make things better.

• Support the development of MBTC and ensure delivery of the business plan in accordance with stated risk tolerances and underwriting strategy
• Execute new product and marketing strategies including end-to-end project management, risk underwriting framework, regulatory and form filing requirements, content development, operations, and marketing
• Generate and lead new initiatives to improve all aspects of the MBTC business reflective of the elite underwriting nature of the role

• Underwrite all types and sizes of Trade Credit Insurance risks in accordance with business plan and in compliance with delegated authority including risk and credit analysis, quote, negotiation, bind, issuance and policy servicing
• Establish and strengthen relationships with clients, brokers, industry bodies, business and consortium partners, and colleagues to maximize influence and achieve business objectives
• Conduct credit reviews of buyer/obligor financial statements, and set or recommend appropriate limits, aggregates and risk ratings based on the buyer's credit and financial strength
• Present LSM and MBTC strategy and data to both internal and external stakeholders on a regular basis including development and updating relevant content
• Further develop expertise and technical knowledge across critical risk categories including country, industry and emerging insurance risks and provide team updates
• In conjunction with the Country & Credit Risk Management (CCRM) team, contribute to and influence the review and analysis of the overall credit risk portfolio
• Engage internally to further develop and enhance risk and pricing models
• Interact with the Claims team on claims matters
• Ensure entries are properly recorded into relevant systems in a timely manner while ensuring accuracy of data in relation to both underwriting and aggregate exposures
• Conduct periodic reviews of underwriting files in support of the Peer Review process

• Comply with all applicable internal and external laws, regulations, policies, procedures and guidance
• Adhere to underwriting standards, instructions, and best practice methodology to minimize risk as incorporated into the Underwriting Controls Framework
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviors as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the center of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviors at all times. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

• Actively mentor new hires and junior members of the MBTC team
• Act as a referral point for Financial Risk Solutions colleagues underwriting similar risks
• Utilize resources across the team to ensure business requirements are achieved
• Manage performance in accordance with the company's performance process

• Strong interpersonal and communication skills
• Strong credit and financial risk analysis skills
• Strong negotiation, organizational and prioritization skills
• Minimum 10+ years working in the Financial Services sector, preferably in an insurance company's credit and political risk insurance team, the credit/loan/syndication function of commercial or investment bank, or a Public Agency engaged in credit and/or political risk insurance or direct lending function
• Bachelor's degree is required with Business/Finance degree preferred. MBA preferred.
• Strong understanding of the drivers of Financial Institutions' use of risk mitigation products
• Experience in Emerging Markets credit risks
• Use of risk profiling and pricing tools and loss models
• Strong economic, political, and current affairs understanding and knowledge

• California
• Los Angeles Incorporated
• Los Angeles Unincorporated
• Philadelphia
• San Francisco