Advance Your Underwriting Career at Liberty Mutual - A Fortune 100 Company
Our underwriters focus on answering two fundamental questions. Should we write a policy for a particular customer? What is a fair price for the risk that we would incur by writing the policy? On the surface, these questions may seem straightforward, but as a Liberty Mutual underwriter, you will possess a curiosity that propels you to dig a little deeper for the answers. You will rely on your strong analytic, communication, and negotiation skills and thrive in a fast-paced, collaborative environment. Underwriters are natural problem solvers who want to know our customers and how we can profitably accept the risks that our policies cover. Are you looking for an Underwriting opportunity with a responsible company that has consistently outpaced the industry in year over year growth? We have an excellent underwriting opportunity available. As an Underwriter you will work to manage assigned accounts, select profitable risks and build a profitable portfolio of accounts. In addition to a wide range of benefits, as a direct employee, your insurance education and training are paid by us.
Responsibilities:
While working through agents and brokers, prepares proposals for policyholders and prospects whose premium and premium equivalency are between $75K - $1.5 million.
Reviews assigned accounts prior to proposal in Unit Strategy Session. Works closely with Sales to determine the needs of the customer.
Evaluates and recommends plan alternatives and coverages within scope of position';s Letter of Authority and negotiates pricing and coverage programs with Sales/Brokers.
Participates in Team Meetings and Customer/Broker meetings as required.
Ensures that all filings, agreements, security, and other necessary backup functions are completed.
Maintains and reports on profitability of assigned accounts, assures timely completion of all Tracking Reports.
Acts as mentor to newly-hired underwriters.
Continues self-improvement through in-house training and external industry-related courses (CPCU - Advanced Degrees).
SKILLS REQUIRED Qualifications:
Bachelors degree or equivalent preferred, continuing insurance education desired
Success driven individual who has demonstrated 3-10 + years of success in a commercial underwriting role with a strong emphasis in GL, Property and Package experience.
Must have exposure to P&C accounts ranging in premium size from $75K - $1.5MM.
Ability to analyze variables, such as type & amount of coverage, loss control, credit reports, and loss experience
Ability to interact successfully with agencies and brokers to build & maintain good business relationships.
Negotiation and pricing skills
Hard work, honesty, integrity and unwavering business ethics
Benefits:
We recognize that talented people are attracted to companies that provide competitive pay, comprehensive benefits packages and outstanding advancement opportunities. For this reason we offer a Comprehensive Benefits Plan that includes the following:
401K and Company paid pension plan
Medical coverage
Dental coverage
Paid time-off
Pay-for-Performance
Discounts on automobile and homeowner';s insurance
Discount fitness memberships
Flexible spending accounts
Tuition reimbursement
Vision care coverage
Work/Life resources
Credit Union membership
Employee and Dependent life insurance
Disability insurance
Long-term care insurance
Overview: We believe strongly that commercial success can be achieved in a manner consistent with principles and ideals that bind us together as one company, that set us apart from our competitors, and that in the end will allow us to say we have succeeded commercially by doing the right thing the right way. We believe that the Company';s success is inextricably linked to our employees'; satisfaction and success: satisfaction that they work for an industry leader committed to improving safety, satisfaction that they work for a company that does the right thing, and satisfaction that the company will reward them for their contributions and provide opportunities for personal growth and success. We believe our employees take pride in knowing that they help people live safer more secure lives everyday. Responsibility. What';s your policy?
Boston-based Liberty
Mutual Group is a diversified global insurer and fifth largest
property and casualty insurer in the U.S. based on 2008 direct
written premium. The Company also ranks 86th on the Fortune
500 list of largest corporations in the U.S. based on 2008 revenue.
As of December 31, 2008, Liberty Mutual Group had $104.3 billion
in consolidated assets, $94.2 billion in consolidated liabilities
and $28.9 billion in annual consolidated revenue.
Liberty Mutual Group offers a wide range of insurance products
and services, including personal automobile, homeowners, workers
compensation, commercial multiple peril, commercial automobile,
general liability, global specialty, group disability, assumed
reinsurance, fire and surety.
Liberty Mutual Group (www.libertymutualgroup.com)
employs over 45,000 people in more than 900 offices throughout
the world.
