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Insurance Operations Jobs in Chicago, IL (NOW HIRING)

Senior Accountant

Schaumburg, IL

$72K - $91K/yr

Ensure compliance with GAAP and regulatory standards applicable to insurance operations. * Collaborate with internal teams on budgeting, forecasting, and audit preparation. * Support process ...

Senior Accountant

Schaumburg, IL · On-site

$72K - $91K/yr

Ensure compliance with GAAP and regulatory standards applicable to insurance operations. * Collaborate with internal teams on budgeting, forecasting, and audit preparation. * Support process ...

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Insurance Operations information

What are the key skills and qualifications needed to thrive in the Insurance Operations position, and why are they important?

To excel in Insurance Operations, you typically need a background in insurance processes, strong analytical abilities, and attention to detail, often supported by a relevant degree or industry certifications such as AINS or CPCU. Familiarity with insurance management systems, claims processing software, and regulatory compliance tools is important. Excellent communication, organizational, and problem-solving skills help individuals collaborate across departments and handle complex tasks. These competencies ensure seamless policy administration, regulatory adherence, and effective service delivery in a dynamic insurance environment.

What is the highest paid job in insurance?

In insurance operations, executive roles such as Chief Executive Officer (CEO), Chief Operating Officer (COO), or Chief Underwriting Officer tend to be the highest paid, often earning six-figure salaries plus bonuses and stock options. These positions require extensive industry experience, leadership skills, and often advanced certifications or degrees. Compensation varies based on company size, location, and individual performance.

What jobs pay 500,000 a year in the US?

In the field of insurance operations, high-level executive roles such as Chief Operating Officer (COO) or Chief Executive Officer (CEO) can earn salaries exceeding $500,000 annually, especially in large companies. These positions typically require extensive experience, leadership skills, and often involve performance-based bonuses and stock options.

What are operations in insurance?

In insurance, operations refer to the daily activities involved in managing policies, claims, underwriting, and customer service. These functions ensure the efficient processing of insurance transactions, compliance with regulations, and overall business performance, often supported by specialized software and data analysis tools.

What are the main responsibilities and daily tasks of someone working in Insurance Operations?

Professionals in Insurance Operations are responsible for overseeing policy administration, managing claims processing, ensuring regulatory compliance, and coordinating workflow between underwriters, agents, and clients. Daily tasks can include reviewing insurance applications, updating policy information, reconciling data, generating reports, and resolving operational issues. The role often involves cross-department collaboration to streamline procedures and improve customer service standards. If you enjoy working in a process-driven environment and contributing to team efficiency, Insurance Operations offers a dynamic and rewarding career path.

What is an Insurance Operations job?

An Insurance Operations job involves managing and optimizing the processes that support an insurance company's daily functions. This includes underwriting, claims processing, policy administration, compliance, and customer service. Professionals in this role ensure efficiency, accuracy, and regulatory adherence in handling policies and claims. They may also work on process improvements, technology integration, and risk management to enhance operational performance. Strong analytical, problem-solving, and communication skills are essential for success in this field.

What jobs pay $2000 a day?

In insurance operations, high-paying roles such as senior underwriters, claims directors, or risk management executives can earn around $2,000 or more per day, especially with extensive experience and specialized skills. These positions often require advanced certifications, strong industry knowledge, and leadership responsibilities. Compensation varies based on company size, location, and individual expertise.
What are the most commonly searched types of Insurance Operations jobs in Chicago, IL? The most popular types of Insurance Operations jobs in Chicago, IL are:
What job categories do people searching Insurance Operations jobs in Chicago, IL look for? The top searched job categories for Insurance Operations jobs in Chicago, IL are:

Full-time

Posted 4 days ago


Job description

Description

As the Senior Director, Underwriting Operations, you will oversee cross-functional work to deliver innovative solutions and capabilities and streamline operational protocols to drive consistency and process excellence across a Global Risk Solutions (GRS) North America (NA) segment. Work in collaboration with GRS Global (Business Agility, Global Operations, Data, Underwriting Enablement) and North America Operations partners as well as Office of Underwriting and functional Actuarial & Data Science, Legal, Claims, Field Operations, Technology, etc. partners to support operational strategies that will enable segment priorities. Build a team culture of collaboration with all functions to drive overall operational excellence. Drive successful execution of global, segment and profit center priorities in partnership with an efficient underwriting support operation that ensures timely and high-quality policy quoting, issuance, and post-sale/mid-term activities while maintaining a focus on exceptional service

and responsiveness for underwriters and brokers. 

Responsibilities

  • Through an operational strategy lens, guide and deliver strong visionary leadership to drive a collaborative, agile and high performing culture and organization that is principled, profitable, innovative, and nimble.
  • Maintain strategic focus with a long-term view to the business and the organization.
  • Create a vision and strategy outlining goals and objectives within the area of operations and align with functional partners to ensure that this is understood and endorsed by key stakeholders, including the NA segment leadership team, employees, vendors, and customers.
  • Leads collaboration across GRS North America functions to create and refine analytics, data reporting and technology solutions that enable NA segment strategy and priorities.
  • Partners with underwriting team, actuarial, and claims to develop dashboards and necessary portfolio analysis to support segment leader.
  • Effectively prioritizes and executes key operational initiatives across the segment with a strong project management discipline while championing our Liberty Values & Guidelines to drive employee engagement, best-in-class service, productivity, and profitability.
  • Accountable for ensuring clarity and execution relative to operational key performance indicators (KPIs).
  • Oversees additional initiatives to achieve profit center priorities and provides strategic direction within aligned segment to ensure successful completion.
  • Build and grow innovation capabilities across all functional areas and foster a market-leading culture of innovation and execution regardless of seniority, role, or business unit.
  • Partners with segment leader to lead operational meetings and prioritize competing profit center needs.
  • Drives consistency and alignment of underwriting operations and practices between/among profit centers.
  • Oversees team of direct reports to include as applicable: profit center operational leads, GRS Business Ops Directors and/or UW Support Managers. Matrixed dual reporting into North America Operations COO and NA segment leadership to ensure alignment of goal setting, appraisals and respective operational needs of segment.
Qualifications
  • High level of experience/understanding of commercial property & casualty products; insurance operations; finance and actuarial concepts; regulatory environment; reinsurance; account management; underwriting; and producer management
  • Skills required include analyzing and problem solving; adaptability; decision making, building relationships; working effectively with others
  • Excellent oral and written communication skills
  • Strong presentation skills and an ability to facilitate and build consensus
  • Communicating effectively; negotiation; influencing others; applying financial acumen; focusing on service; executing excellence; planning and organizing work; and achieving results
  • Advanced degree or equivalent training required, CPCU designation (or equivalent)
  • Experience managing and mentoring staff preferred
  • Experience working in an "Agile" environment, eg, agile project management
  • Excellent time management and delegation skills
  • High performing, self-driven team player with a willingness to be flexible and take on additional responsibilities depending on the needs of the business
  • Demonstrated ability to foster collaborative relationships and effectively work as part of a broader global / organizational team
  • Ability to smoothly and rapidly adapt strategies and enact mid-course changes to achieve favorable business results
  • 15+ years of experience in operations, systems, organizational improvement
About Us

Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role. 

At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.

We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits  Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.  Fair Chance Notices 

  • California 
  • Los Angeles Incorporated 
  • Los Angeles Unincorporated 
  • Philadelphia 
  • San Francisco 
Employment Type: FULL_TIME