Underwriting Consultant, Healthcare Specialty, National Insurance

Advance Your Underwriting Career at Liberty Mutual Insurance- A Fortune 100 Company

Underwriting Specialist, Healthcare Practices - National Insurance Specialty

NIS Healthcare Practice is a new unit within NI Specialty that will focus on mid-sized and large healthcare providers. As part of this specialized unit, you will write Workers Compensation, Auto, General Liability, and mid-sized property for all program structures. You will collaborate closely with partners in Loss Control, RQA, and Claims to build expertise in the healthcare industry and profitably grow the vertical.

  • Develops, grows, and maintains a profitable, diversified book of business through effective underwriting decision making, mutually beneficial agent/brokers relationships, and application of underwriting tools, systems, and expert resources. Guides/mentors less experienced underwriters in their respective area of expertise.
  • Risk Selection: evaluates opportunities by qualifying accounts; identifying, selecting and assessing risks; determining the premium, policy terms and conditions; obtaining approvals; creating/presenting the proposal to the agent/broker and successfully negotiating deals.
  • Agent/Broker Relationships: Responsible for production underwriting by marketing to a geographic territory, targeting healthcare accounts with revenues greater than $10M.
    Demonstrates a high level of responsiveness and focus on supporting Agents and Brokers objectives through successful negotiations. Develops and maintains the relationship through responsive service, site visits, in person renewal meetings or enhanced knowledge of their customers' businesses.
  • Portfolio Management: Manages a sizable and complex book of business by analyzing the portfolio, identifying areas of opportunity for improved growth, profit and diversification, and executing marketing plans to increase market share with preferred brokers. Uses pricing models as tools and guidance while tailoring price to risk, quality, and coverage terms to ensure portfolio profitability.
  • Service Value Proposition: Understands and articulates the specialized services Liberty Mutual can offer our healthcare insureds and how they compare to those provided by our competitors.
  • Documenting the Deal: Documents files in a way that reflects a solid thought process and decision making through comprehensive account reviews, sign-offs and referrals.
  • Leadership: Formally guides, mentors, and coaches underwriters in both technical and professional skills. Demonstrates an area of expertise and provides regular updates to other underwriters.
  • Continuous Improvement: Actively participates in continuous improvement by fully engaging in daily huddles, generating suggestions, following appropriate procedures and work principles, participating in problem solving activities, and using continuous improvement tools to support the work of the team.


  • Advanced-level knowledge of insurance products/coverage, market segments and marketplace; insurance finance and actuarial concepts; loss control/risk engineering; marketing/selling techniques, regulatory environment.
  • Advanced-level knowledge of underwriting, pricing, risk selection, territory management.
  • Ability to apply underwriting/appetite, tools, systems, and resources to achieve goals, solve complex problems, establish and build healthy working relationships, lead mentoring relationships, and negotiate.
  • Bachelor's degree; 5 to ten years of commercial lines underwriting experience preferred; CPCU or professional insurance designation preferred.
  • As an alternative to insurance and underwriting experience, candidates with an MBA and background as a registered nurse or similar medical experience will be strongly considered


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.

Job: Underwriting
Primary Location: United States-Illinois-Chicago
Schedule: Full-time
Salary: $90,000-$140,000
Education Level: Bachelor's Degree (±16 years)
Travel: Yes, 25 % of the Time


Back to top