Underwriter Training Program

Since 1912, we at Liberty Mutual have committed ourselves to providing broad, useful and competitively-priced insurance products and services to meet our customer’s ever-changing needs. As of December 31, 2007, Liberty Mutual Group had $94.7 billion in consolidated assets, $82.3 billion in consolidated liabilities and $25.9 billion in annual consolidated revenue. Liberty Mutual ranks 94th on the Fortune 500 list of largest U.S. corporations based on 2007 revenue, and is the sixth-largest property and casualty insurer in the U.S. based on 2006 direct written premium. Liberty Mutual Group today employs over 41,000 people in more than 900 offices throughout the world. Launch 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 an 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 must 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.   Our Underwriting training positions offers you the chance to build on your academic success and develop risk selection and decision making skills that can advance your career.   Responsibilities:  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, Underwriting and team guidelines, processes, procedures and Company business strategy Work with an 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 Qualifications:  Bachelors degree or equivalent experience and recent demonstrated academic success Analytical and decision making skills Capability to understand a wide variety of business operations 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 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 insuranceOverview: 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? Job Information Company: Liberty Mutual Group Location: weston, MA 02493 Status: Full Time, Employee Job Category: Business/Strategic Management Career Level: Entry Level Contact Information Company: Liberty Mutual Group Reference Code: 01756