Industry Underwriting Consultant

Location
60290, Chicago
Salary
Open
Posted
Nov 24, 2021
Closes
Jan 23, 2022
Ref
96099815#GIJ--LibertyMutual.1
Category
IT , Underwriting
Job Type
Not Specified
Career Level
Not Specified

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.  

 

Liberty 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 onIDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduatesas 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-inclusion 

 

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. 

Provides expert technical underwriting assistance, and formal referral review for all casualty lines on an industry basis.  Proven ability to leverage expert leadership skills and consultative guidance to drive results.  Provides practical industry expertise to strengthen Underwriting risk selection process and National Insurance results.  Acts as a resource to NI Underwriting, Industry Practices, Risk Control and other departments by keeping informed about industry trends and legal/regulatory changes and sharing ideas and recommendations. Serves as a trainer/mentor to Underwriting, and peer organizations.  Fosters a cooperative and collaborative relationship with the field and strive for creative solutions without compromising standards.  Visit field offices to conduct referrals in person, facilitate training, conduct audits, and/or substitute for a manager or underwriter.

 

Responsibilities:  

  • Evaluate, conduct and document referrals from underwriters on accounts or coverage with higher hazards, highest complexity, higher limits, or larger premium casualty LOB's within an assigned industry; identify creative solutions and build underwriter expertise and confidence while protecting the company's assets.
  • Facilitate ongoing and frequent interaction with assigned divisions and underwriters outside of required referral activities building underwriter confidence and expertise.
  • Act as a subject matter expert for Training, Systems Development, Product Management and other functions; participate in or lead significant projects of large scope and complexity.
  • Perform high-level quality control review for proper policy structure.  Work closely with the underwriting support supervisors to identify quality gaps and required training.
  • Serve in a lead capacity and acts as a resource to less experienced, promote best practices within the Industry Consulting team, and lead/influence by example
  • Participates in Underwriting reviews/roundtables to better understand operations and exposures and how an account manages their risk in support of quality risk selection
  • Facilitate ongoing and frequent interaction with underwriters outside of required transactional activities building underwriter confidence and expertise by industry.
  • Provides technical support to NI Underwriting employees by advising them about applicable legislative and jurisdictional challenges, industry trends and methods to reduce risk.
  • Work with peer organizations and acts as an industry subject matter expert to evaluate data science to assess industry trends and results to improve risk selection. 
  • Works with peers to compile and maintain cross-discipline references of industry specific resources and tools in support of effective knowledge transfer.
  • Visit field offices during key/busy periods to conduct referrals in person, participate in field underwriting audits, conduct training sessions or substitute for a key field-based underwriter or underwriting manager.

  • Bachelor's degree
  • 10 or more years of relevant experience that includes underwriting, coaching/developing others, working with brokers/agents and currency with market trends and developments.
  • Experience underwriting and assessing manufacturing/wholesale accounts and product liability risk is essential. 
  • Expert-level knowledge of all aspects of coverage forms, exclusions, pricing, structure, rating, rating plans, loss forecasting, credit risk, market knowledge. 
  • Advanced knowledge of insurance operations; claims, finance and actuarial concepts; regulatory environment; risk control reinsurance; account management; product development; and industry trends.
  • Demonstrated ability to identify and set priorities; commit to and meet deadlines in a fast-paced environment. Demonstrated success in team building, problem solving and conflict resolution.
  • Excellent coaching and mentoring skills.
  • Specialty area to be determined and identified as critical by Industry Consulting. 

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