Underwriting Officer
Company: Liberty Mutual Insurance
Location: Chicago
Posted on: October 31, 2024
|
|
Job Description:
Schedule: Full-Time Salary Range: USD $95000.00 - $349200.00 Job
Category: Underwriting Pay Philosophy The typical starting salary
range for this role is determined by a number of factors including
skills, experience, education, certifications and location. The
full salary range for this role reflects the competitive labor
market value for all employees in these positions across the
national market and provides an opportunity to progress as
employees grow and develop within the role. Some roles at Liberty
Mutual have a corresponding compensation plan which may include
commission and/or bonus earnings at rates that vary based on
multiple factors set forth in the compensation plan for the role.
Description The Senior Underwriting (UW) Officer, Risk
Management/Healthcare will report to the Executive Underwriting
Officer of Major Accounts Casualty. Major Accounts works with large
and complex commercial risks to deliver Primary and Excess Casualty
programs to these highly valued customers. You will focus on our
Majors Risk Management/Healthcare portfolio which services some of
the largest companies and health systems in the U.S. The Senior
Underwriting Officer, Risk Management/Healthcare will work with the
leadership team, deliver technical expertise and serve as point of
contact for the frontline underwriting teams for all questions, key
decisions, or referrals. Responsibilities: Provides expert
technical underwriting assistance and formal referral approval for
multiple lines of business (auto, general liability, workers`
compensation) in Majors Risk Management/Healthcare. Interacts
independently with field underwriters and directly with UW managers
on all mandatory referral cases and voluntary consultation items.
Ensures continuity and alignment between Primary and Excess
Casualty placements. Supports Executive Underwriting Officer on
transactions and serves as trusted advisor in the areas of
exposure, coverage analysis, and key pricing/financial elements
within their authority. Monitors frameworks for underwriting
decisions (e.g., referrals, technical reviews) and recommends
improvements, as needed. Evaluates portfolio performance regularly
in Majors Risk Management/Healthcare, working with Underwriting
Leaders to identify drivers of performance, risks, and
opportunities. Drives UW technical excellence across Majors Risk
Management/Healthcare, working with Underwriting Leaders to
identify and resolve issues. Works with Underwriting Leaders to
identify product and services enhancements, underwriter capability
development opportunities (e.g., skills, tools), and elevates to
Executive Underwriting Officer and Majors Chief Underwriting
Officer. Models effective collaboration within/across teams,
stakeholders and partners (e.g., UW Support, Claims, Actuarial, NA
Product Teams). Qualifications Preparation, Training & Experience
Expert-level knowledge of all aspects of coverage forms,
exclusions, and exposure. Pricing, structure, rating, rating plans,
loss forecasting, credit risk, market knowledge, preferred.
Advanced knowledge of and experience operating within several
different industry segments experience with and knowledge of Risk
Management/Heathcare programs key; insurance operations; claims,
finance and actuarial concepts; regulatory environment; loss
control/risk engineering; reinsurance; account management; product
development; and industry trends. Must be a skilled collaborator
who is willing to assess all sides of an issue, bring in others
with expertise, and independently execute and advance the
collaboration model. Other professional skills required include
superior communication skills (written, verbal, presentation,
listening); approachability; tact; coaching/development; analyzing
and problem solving; relationship and service driven; clear
solutions orientation and commitment to achieving segment
operational and financial objectives; negotiation skills; and
demonstrated ability to consistently and positively influence
others both internally and externally (brokers/customers) as
required. Bachelor`s degree, 10 or more years of relevant
experience that includes underwriting, claims, reinsurance,
coaching/developing others, working with brokers/agents and
currency with market trends and developments. About Us **This
position may have in-office requirements depending on candidate
location.** 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" on IDG'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 Graduates as well as one of America's Best Employers for
Diversity. 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. 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. Fair Chance Notices California San
Francisco Los Angeles Philadelphia Employment Type: Full Time
Keywords: Liberty Mutual Insurance, Chicago , Underwriting Officer, Other , Chicago, Illinois
Click
here to apply!
|