Assistant Underwriter

2 weeks ago

London, United Kingdom Liberty Specialty Markets Full time

**General information**:
**City**:London, UK

**Country**:United Kingdom of Great Britain and Northern Ireland

**Creation Date**:26-Jan-2024

**Employment Type**:Permanent

**Employment Type**:Full time

**Ref #**:1234570738

**Description & Requirements**:
**Role Title: Assistant Underwriter - **Marine Hull and War**

**Department: Underwriting**

**Location: London**

**Type: Permanent**

**About the Role**:
This is an opportunity to develop and enhance technical underwriting skills with the help of the Marine team and the internal Learning and Development department.

**About the Department & Team**:
Marine Hull and War team represents two of the seven underwriting portfolios that sits within our Marine division. We provide Marine Hull insurance for a wide range of vessels and carriers on a global basis, from the largest, most sophisticated cruise vessels through to bulk carriers, tankers, gas carriers, reefer vessels, harbour and offshore support vessels. Our team has a strong presence in the London market, operating both on the Lloyds and Company platform. The team work closely with their partners to tailor their products to the changing market conditions.

**Key Responsibilities**:

- Support the execution of the annual business plan development in accordance with the stated risk tolerances.
- Support the teams in maintaining and develop broker relationships.
- Assist the team with day-to-day duties in quoting, reviewing renewals and new business.
- Acts as a conduit between the underwriters and underwriting assistants.
- Use of rating tools and portals to support the data capture across the portfolio. Where appropriate, analyse this data and provide insights back to the underwriting team.
- Contribute and participate in all meetings to share and develop strategy, knowledge and best practice.
- Contribute new ideas and concepts to support the development and delivery of the business plan.
- Develop knowledge of market dynamics and market cycles to support the performance of the underwriting team.
- Support the analysis and subsequent review of the output to identify opportunities and/or trends to assist the team in achieving business objectives.
- Process entries, as required, onto relevant systems in a timely manner, ensuring accuracy of data with relation to both underwriting and aggregate exposures.
- Adherence to all relevant regulatory requirements forms part of the role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to the role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times.
- In virtue of the role’s prescribed legal entity responsibilities, you will be required to undertake the role with due regard to the prescribed responsibilities and regulatory requirements associated with that role - which may require undertaking appropriate learning & development.

**Skills and Experience**:

- Solid understanding of insurance business practices focused on the London market. Knowledge of Marine Hull and War insurance is desirable but not required.
- Strong organisational and prioritisation skills.
- Intermediate level understanding of Excel and other relevant software.
- A high level of numeracy and literacy skills.
- Good interpersonal and communication skills.
- Good knowledge of legal and regulatory requirements.
- Degree or equivalent qualification desired - e.g. ACII.

**About Liberty Specialty Markets (LSM)**

Liberty Specialty 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). Our Inclusion Matters framework and 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.

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