Underwriting Development Program - Global Risk Solutions - Warrenville IL
- Employer
- Liberty Mutual Insurance
- Location
- Warrenville, Illinois
- Salary
- Not Specified
- Closing date
- Feb 27, 2019
View more
- Category
- Claims, IT
- Job Type
- Not Specified
- Career Level
- Not Specified
Job Details
The National Insurance Underwriting Development Program (UWDP) is a two-year program designed to provide cross-functional development opportunities to program participants to cultivate successful NI Underwriters and future leaders.
The program builds on the current training in Underwriting and includes:
- Three rotations designed to provide new underwriters with exposure to different underwriting groups as well as organizations that provide service and support to our clients downstream
- An assigned mentor/learning liaison to guide new underwriters through the program
Formal training with sessions focused on analysis, underwriting principles, products and Liberty Mutual systems - Classroom training sessions at our Weston, Massachusetts facility
- Meaningful assignments working as part of an underwriting team that lets underwriters put the skills they've learned to work
This position will start June 2019
As an Underwriting Trainee you'll :- Successfully complete Underwriter training program and prescribed courses which include: On the Job Training, Classroom Instruction, Self-Study, Case Studies, Rating and Underwriting Activities
- Develop judgment to accept, reject or modify new and renewal business for all commercial lines, with guidance and direction as needed from experienced underwriters or team leader, to ensure a profitable commercial book of business.
- Price business according to company underwriting and pricing guidelines and ensures standards for timeliness are met.
- Market the Company products to achieve company growth and profitability targets.
- Develop on-going relationships with internal and external customers and monitor profitability and quality of submissions, and keeps up-to-date with underwriting and/or product changes.
- Review and becomes familiar with: Policy coverages, Agency relationships, Underwriting and team guidelines, processes, and procedures, Company business strategy and organization
- Work with a Underwriting Manager, Underwriting staff, and in-house and outside educational providers to enhance knowledge and experience in: Underwriting Techniques and Decision Making Methods, Problem Solving Methods, Sales and Negotiating Skills
Take the first step:
Please note that as part of our application process for this position, you will be asked to fill out an employment questionnaire that may take up to 30-60 minutes to complete.
- 0-2 years of professional experience
- Bachelor's degree with a minimum 3.0 cumulative GPA. Additional requirements may apply
- Analytical and decision making skills
- Capability to understand a wide variety of business operations and model loss potential
- Ability to calculate complex pricing recommendations
- Strong customer service orientation
- Demonstrated organization skills and ability
- Effective interpersonal skills including ability to negotiate successfully.
- Willingness to complete professional designation(s) and continued insurance education.
Benefits:
We value your hard work, integrity and commitment to positive change. In return for your service, it's our privilege to offer you benefits and rewards that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits Overview:At Liberty Mutual, we give motivated, accomplished professionals the opportunity to help us redefine what insurance means; to work for a global leader with a deep sense of humanity and a focus on improving and protecting everyday lives. We create an inspired, collaborative environment, where people can take ownership of their work; push breakthrough ideas; and feel confident that their contributions will be valued and their growth championed. We're dedicated to doing the right thing for our employees, because we know that their fulfillment and success leads us to great places. Life. Happiness. Innovation. Impact. Advancement. Whatever their pursuit, talented people find their path at Liberty Mutual.
Company
When people have a sense of security, they are free to relax, venture out, and live their lives. This is the feeling Liberty Mutual brings to the world every day. Founded in 1912, we are a global leader in property and casualty insurance, focused on protecting and preserving the lives and dreams of customers in more than 30 countries. With over 50,000 employees throughout the world, we offer you the chance to work for an evolving, growing company with a deep sense of humanity and a commitment to diversity and philanthropy. Join our team and go to work knowing that what you do matters. Because really it does.
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