Underwriting Trainee

Liberty Mutual Insurance; Stamford (CT); On-site; USD 50,000 - 80,000; Full time

Job summary

Liberty Mutual Insurance in Stamford, CT is seeking an entry-level Underwriting Support professional to aid in foundational underwriting activities and stakeholder collaboration. You will assist with risk assessment, pricing analyses, and portfolio data management while developing familiarity with US Standard/Specialty lines.

You will work under supervision, contribute to internal queries, renewals, and QBRs, and leverage GenAI tools to generate actionable insights.

Qualifications

• Bachelor's degree in business, finance, actuarial science, risk management, or related field.
• 0-2 years of experience; internship or exposure to insurance, reinsurance, or financial services is a plus.
• Strong analytical and critical thinking skills with curiosity to learn underwriting fundamentals.
• Excellent written and verbal communication skills.
• Strong organization and attention to detail.
• May be undertaking or willing to pursue a professional Underwriting qualification.

Responsibilities

• Develop foundational underwriting skills and assist in building relationships with internal and external stakeholders.
• Assist in assessment of treaty risks and support in pricing analyses, risk assessments, and underwriting documentation.
• Maintain accurate pipeline and portfolio data; support compliance with underwriting authorities and controls; assist renewals under senior guidance.
• Support data analysis tasks and translate information into actionable insights, including leveraging GenAI tools as directed.
• Develop cross-functional relationships with UW Support, Claims, Actuarial, and Directors of Underwriting; participate in Account Huddles and renewal discussions.

Skills

Analytical thinking

Communication skills

Attention to detail

Ownership/initiative

Education

Bachelor's degree in business, finance, actuarial science, risk management, or related field

Tools

GenAI tools

Job description

Develop foundational underwriting skills, build relationships with internal and external stakeholders, and gain familiarity with GRS/LMRe's business plan, underwriting guidelines, associated processes and procedures Assist in the development of comprehensive portfolio monitoring tools and dashboards to track key performance indicators (KPIs) across property and casualty lines. Provide comprehensive support for addressing and detailing internal portfolio-related queries that underwriting managers receive from various internal departments (OOU, GRS product leaders, etc.), including tasks such as quarterly business reviews (QBRs) and ad hoc requests.

Risk Assessment & Underwriting Support

Under direct supervision, assist in assessing treaty risks by providing supporting information on recommendations for underwriting decisions across US Standard/Specialty Casualty and/or US Property lines of business. Support senior underwriters in preparing pricing analyses, risk assessments, and underwriting documentation for internal approvals. Begin developing familiarity with primary operations, product exposures, and treaty structures to build foundational underwriting judgment. Assist in maintaining accurate pipeline and portfolio data; support compliance with underwriting authorities and controls. Support documentation of underwriting decisions and timely processing of renewals under senior guidance. Support data analysis tasks and assist in translating information into actionable insights, including leveraging GenAI tools as directed. Develop strong working relationships with internal stakeholders and partners including UW Support, Claims, Actuarial, and Directors of Underwriting in GRS North America. Support cross-functional coordination efforts with claims, actuarial, finance, legal, and operations teams. Actively participate in all Account Huddles and renewal discussions. Contribute to team knowledge sharing and process improvement initiatives.

Bachelor's degree in business, finance, actuarial science, risk management, or related field. 0-2 years of experience; prior internship or exposure to insurance, reinsurance, or financial services is a plus. Strong analytical and critical thinking skills with a curiosity and eagerness to learn underwriting fundamentals. Strong initiative and confidence take ownership of necessary tasks Excellent written and verbal communication skills. Strong organization and attention to detail. May be undertaking or willing to pursue a professional Underwriting qualification.