Commercial Lines Underwriter Trainee - College Entry Level - Peerless Insurance - Rocky Hill, CT

Commercial Lines Underwriter Trainee - College Entry Level - Peerless Insurance - Rocky Hill, CT

Title: Commercial Lines Underwriter Trainee - College Entry Level - Peerless Insurance - Rocky Hill, CT
Location: US-CT-Rocky Hill
Other Locations:
Launch your career at Peerless Insurance, a member of Liberty Mutual - A Fortune 100 Company!


For more than 95 years, our purpose has been to help people live safer, more secure lives and we look for employees with the drive, commitment and passion to help us make that happen. Since 1912, Boston-based Liberty Mutual Group is a diversified global insurer and third largest property and casualty insurer in the U.S. based on A.M. Best Company's report of 2010 new written premium. The group also ranks 82ndon the Fortune 100 list of largest corporations in the U.S. based on 2010 revenue.

Liberty Mutual Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, assumed reinsurance, fire, and surety.
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 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, Agency relationships, Underwriting and team guidelines, processes, and procedures, Company business strategy and organization
* Work with a 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
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.
Qualifications:
* Bachelors degree earned between June 2011 and June 2012 (required)
* Minimum 3.0 GPA (depending on school)
* Analytical and decision making 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
* 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 insurance
Overview:

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?