Subcontractor Default Insurance Engineer
Company: Liberty Mutual Insurance
Location: Seattle
Posted on: May 16, 2022
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Job Description:
Our Subcontractor Default Insurance (SDI) team within Liberty
Mutual Surety is growing!As a part of our construction product
offerings and portfolio, Liberty Mutual is hiring a Risk Engineer
to join our growing Subcontractor Default Insurance (SDI) team. As
an SDI Risk Engineer you will be responsible for supporting the
underwriting process by performing construction risk analyses of
contractor accounts of all sizes and complexities in support of
Liberty Mutual's SDI strategy. Furthermore, you will be responsible
for providing consultative services to customers as part of their
SDI program; these services will focus primarily on subcontractor
prequalification, quality control, schedule analysis, claim
avoidance and preparation, risk identification, and other
subcontractor risk management controls. You will work to support
the claims process as needed, participate in audit and
administrative functions, and assist with the assembly and review
of data to support the objectives of the unit. Collaboration with
underwriters, claims analysts, and other teams within Liberty
Mutual Surety as well as customers, brokers, and other outside
parties will be a vital part of your role as an SDI Risk
Engineer.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.Responsibilities:Responsible for technical and
construction analysis of general contractor practices, construction
projects, and individual subcontracts ranging in size and
complexity to support underwriting process.Active involvement in
underwriting process including review of contractor submission
material, analysis and comparison of submission data,
identification of top risks, coordination with underwriter,
preparation of prospective account risk analysis report, and
participation in underwriting meetings.Performance of consultative
services to customers including presentations, and preparation of
technical reports.Collection, assembly, and review of data to be
analyzed for account and program risk evaluation including but not
limited to subcontractor default history, enrollment statistics,
and other relevant metrics.Coordination of site inspections of
projects and meetings with customers including interface with
brokers and other parties.Evaluate and provide detailed feedback on
subcontractor prequalification processes, quality control tasks and
programs, construction schedules, subcontractor bid spread
analysis, and other subcontractor risk management
controls.Communicate with SDI Underwriter on relevant account
information and provide guidance or suggestions based on
observation(s) of construction and risk management-related
observations.Ability to read and understand complex construction
schedules, identify critical path activities, and have a basic
understanding of construction delay calculation methodologies.As
requested by claims or underwriting, lead/participate in visits to
contractors to assess internal control structure, job cost systems
and reporting capabilities and how senior management oversees
business activities. This process includes gathering contracts,
schedules, original estimates, job cost reports, cost-to-complete
schedules, and interviews of key personnel. The engagement
conclusion typically results in a written report outlining key
deficiencies with suggestions to improve the operations. Advises
underwriting as to key findings.Review and provide assessment of
unique subcontractor or project conditions when required to support
underwriting or customer service requests.Working knowledge of
construction contracting and preconstruction procedures such as
contract types, delivery methods, RFPs, construction contract and
change order language, estimating and bid documentation, and other
procurement strategies.Participate in and attend training seminars,
conferences, and otherwise to maintain contemporary understanding
of construction and insurance industry trends.Trains and mentors
others in the organization.Represents the company in key industry
related organizations to enhance the Liberty Mutual Surety image
and promote marketing effectiveness.Please note: Salary will be
based on overall experience and location. Your total compensation
package goes beyond your base salary. It also includes
participation in our annual bonus program.BA/BS Degree in
engineering or related field with minimum of 7 years progressively
more responsible surety claims or construction management
experience. A minimum of 3 years of construction management
experience required and 5-7 years of proven surety claims
management experience preferred.Proven analytical ability to
evaluate and judge claim files.Demonstrated ability to reduce
complex analyses and information into understandable prose and/or
oral directives, for conveyance of situations to other persons in
the organization for claims handling or training
purposes.Significant exposure to legal process
required.Demonstrated effective communication and interpersonal
skills required in dealing with claimants, outside counsel,
consultants and members of senior management.Must be willing to
travel and deal with periodic heavy workloads, in an expeditious
and professional manner.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. 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,
please visit
https://www.libertymutualgroup.com/about-lm/careers/benefitsLiberty
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 Graduates-as 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-inclusionLiberty
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.Bachelor's Degree18
Keywords: Liberty Mutual Insurance, Seattle , Subcontractor Default Insurance Engineer, Engineering , Seattle, Washington
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