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Underwriting Associate
Liberty Mutual
Dallas, TX, United States
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Description
Launch your Underwriting career at Liberty Mutual Insurance - A Fortune 100 Company!
The Data Analysis Rating Team (DART) Associate applies understanding of risk evaluation on new and renewal business; gathers, organizes and enters information into pricing models and performs the initial analysis of exposure, loss and coverage for the underwriter. Supports the underwriter and agent/broker with highly responsive service by managing the workflow from clearance through policy issuance and file documentation. Coordinates service requests in a timely manner. This role is reserved for proficient and productive employees who have consistently demonstrated ability to apply thorough understanding of specialty lines underwriting practices to underwrite less complex accounts, assist with the handling of the most complex account work and act as a resource to less experienced coworkers.
We have multiple openings for this position. At least one must work onsite from our Dallas office and at least one from our Atlanta office. Other selected candidates will be considered to work onsite from our offices across the US.
Responsibilities:
• Deconstructs submissions by identifying, gathering and entering information into systems, pricing tools and models; flagging referral triggers, and initiating/managing requests to internal/external service providers (e.g., inspections, claims, compliance).
• Gathers, analyzes and ensures the accuracy of pricing and proposal information (rating and pricing tool output, proposal language, coverage forms and endorsements, financial and legal agreements and offer/ disclosure /election forms) used by the underwriter to complete the coverage review, hazard analysis, pricing strategy and proposal.
• Within limited letter of authority, may complete the underwriting process from clearance to binding and renewal.
• Provides customer service to brokers and agents to facilitate the processing of business; answers questions, resolves problems on topics such as policy transactions, billing, and service needs.
• Executes post-sale account management workflow, including initiation of billing, policy issuance, acquisition of account agreements and file documentation.
• Initiates pre-renewal communications via conditional/non-renewal notice draft when necessary.
• Supports the underwriter with ongoing service, renewal planning and endorsements.
• Act as a resource, mentor or subject matter expert for less experienced coworkers within or outside of the team.
Qualifications:
• Associates or bachelor`s degree preferred.
• Proficiency in MS Office programs Word, Excel and Outlook required.
• Proven track record of performance in underwriting or other support roles.
• Knowledge of specialty property/casualty pricing models, coverages, endorsements, forms, cancellation/conditional renewal requirements, terms, processes and internal service departments.
• Basic knowledge of specialty lines products and contract language including regulatory and policy differences among applicable states, admitted/non-admitted.
• Ability to perform work accurately, timely and with minimal supervision.
• Capabilities include critical thinking/problem solving, decision making, customer focus, detail orientation, written/verbal communications, organization, adaptability, courtesy, dependability and ability to learn/apply new information quickly and accurately.
• Knowledge, skills and capabilities typically acquired through 3 or more years of related work experience.
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.