Launch your career at Liberty Mutual Insurance, a Fortune 100 Company!
Liberty Mutual Insurance is seeking college graduates who are interested in launching a career with a Fortune 100 company! We'll start you off right with a comprehensive training program, one-on-one mentoring, on-the-job training, a "promote from within" culture, and a strong pay-for-performance compensation structure.
Our supportive culture is ideal for those that enjoy helping people to answer questions and resolve issues. As an Associate Underwriter, you will have the opportunity to develop key skills and to build a successful career at a stable company that has consistently outpaced the industry in growth.
Our underwriters focus on answering two fundamental questions: should we write a policy for a particular customer and what is the fair price for the risk that we would incur by writing the policy?
On the surface, these questions may seem straightforward, but our underwriters must be smart, responsive problem solvers who can dig a little deeper for the answers. You will need to rely on your strong analytical, communication, and negotiation skills to thrive in a fast-paced, collaborative environment.
This position offers you the chance to build on your academic success and develop risk selection and decision making skills that can advance your career.
Successfully complete Underwriting Training Program which includes: on-the-job training, classroom instruction, self-study, case studies, rating and underwriting activities
Develop judgment to accept, reject, or modify new/renewal business for all commercial lines (with guidance and direction as needed from experienced underwriters or team leader) to ensure a profitable book of business
Price business in a timely manner according to company underwriting and pricing guidelines
Market products to achieve company growth and profitability targets
Develop on-going relationships with internal and external customers; monitor profitability and quality of submissions; and be aware of underwriting and/or product changes
Review and become familiar with: policy coverage's, agency relationships, underwriting and team guidelines, processes and procedures, and business strategy/organization
Please note that as part of our application process for this position, you may be asked to fill out an employment questionnaire that may take up to 45 minutes to complete.
0-2 years of professional experience
Bachelor's degree with a minimum 3.0 cumulative GPA; additional requirements may apply
Effective interpersonal, written and verbal communication skills
Ability to provide information in a clear, concise manner with an appropriate level of detail, empathy and professionalism
Ability to build and maintain effective relationships
Ability to gather information, analyze facts, and draw conclusions
Strong negotiation 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
Willingness to complete professional designation(s) and continued insurance education
Please note that this position has a start date of June 2013.
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
Discounts on automobile and homeowner's insurance
Discount fitness memberships
Flexible spending accounts
Vision care coverage
Credit Union membership
Employee and Dependent life insurance
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 every day.
Responsibility. What's your policy?
Salary (Pay Basis)
Bachelor's Degree (±16 years)
Liberty Mutual Insurance helps people preserve and protect what they earn, build, own and cherish. Keeping this promise means we are there...