Senior Underwriter

Country:
United Kingdom of Great Britain and Northern Ireland
Creation Date:
17-May-#####
Employment Type:
Permanent
Employment Type:
Full time
Ref #:
1234570907 Description & Requirements Role Title: Senior Underwriter – Specialty P&C
Department: Specialty Binders
Team: Delegated Authority Practice (DAP)
Location: London
Type: Permanent
About the Role:
An opportunity to join the expanding Specialty Bindersteam within Liberty Specialty Markets.
Exposure to a broad spread of property & casualty risks within the London and International market based on Leisure & Hospitality industries.
Opportunity to build relationships with brokers, clients and business partners in order to renew and acquire new business for the specialty portfolio.
Drive team strategy and planning in short and medium term including oversight of elements of business planning process
Work with Ceded Re team to evaluate RI strategy and propose RI structure
About the Department & Team:
A market-leading team with extensive experience in the Personal Accident & Contingency world
Current book is a blend of both binder, lineslip and fac risks across the US, UK, Australia & Europe
Agile work environment – office and homeworking
Existing book is predominantly written on syndicate paper (Liberty Managing Agency Limited) but with the additional strength of being able to utilise LSM company stamp(Liberty Mutual Insurance Europe SE)
Key Responsibilities:
Strategy and Planning
Support the development of the annual business plan for the Underwriting division and ensure delivery of the plan in accordance with its stated risk tolerances
Ensure the team’s awareness of the business plan and its context so that they are able to take appropriate action and make informed decisions
Contribute new ideas and concepts to support the development and delivery of the business plan
Works cross-functionally with counterparts in other functions (e.g. Claims, Actuarial, Finance, Portfolio Management etc.) to achieve objectives
Delivery
Establish and promote strong relationships with broker to drive new business opportunities and achieve business objectives
Represent Liberty’s interests with internal and external groups, and through participation in industry forums and corporate activity to safeguard or enhance Liberty’s market position.
Continually develop expertise and technical knowledge through appropriate development initiatives
Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including i) Negotiating rates, terms and conditions for existing and new business ii) Compliance with the production and issue of documentation in accordance with contract certainty requirements
Contribute and influence in the review and analysis of the portfolio, to identify new business development opportunities including across different classes of business
Ensure entries are properly recorded onto relevant systems in a timely manner whilst ensuring accuracy of data with relation to both underwriting and aggregate exposures
Motivate and develop the team by demonstrating good leadership behaviours and management best practice
Policy, Process and Procedures
Compliance with all applicable internal and external laws, regulations, policies, procedures and guidance
Adhere to underwriting standards, instructions and best practice methodology in order to minimise risk including adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy
Apply any reinsurance requirements in accordance with stated risk tolerances and to deliver against business plan
Skills and Experience:
Extensive knowledge of relevant market conditions for specific class/portfolio
Strong knowledge of legal and regulatory requirements
Strong knowledge of Liberty (including Group) underwriting process and procedure
Thorough understanding of class specific underwriting and reinsurance knowledge
Intermediate/ advanced level understanding of relevant software including Excel and other departmental software packages
People management – ability to engage and lead a team
A high level of numeracy and literacy skills
Use of risk profiling and pricing tools and loss models
About Liberty Specialty Markets (LSM)
Liberty Specialty Markets is part Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why “Put People First” is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
Offering a vibrant and inclusive environment and committing to their career development.
Promoting diversity, equity and inclusion (DEI). OurInclusion Matters frameworkand employee-led networks strengthen the diversity of our workforce and our inclusive environment.
Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
For more information, please follow the links below:
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