Senior Underwriter – Property Binders

5 months ago


London, United Kingdom Liberty Specialty Markets Full time

About the Role:

An opportunity to join the market leading and hugely experienced Property Binders team within Liberty Specialty Markets. Exposure to a broad spread of Property risks across US & International property classes. Look to maintain and build relationships with brokers, clients and business partners in order to renew and acquire new business for the portfolio. Drive team strategy and planning in short and medium term including oversight of elements of business planning process

About the Department & Team:

A market-leading team with extensive experience in the Property Binders world Binder portfolio of US & International property business which has been developed over many years thanks to the strong relationships built by the current senior leadership of the team Sitting in the Delegated Practice Group within the Specialty Binders division made up of underwriting, governance and management into a single centre of excellence. Agile work environment – office and homeworking

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 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 and participate in all meetings in order to share and develop strategy, knowledge and best practice. Contribute new ideas and concepts to support the development and delivery of the business plan.

Delivery

Establish and strengthen relationships with brokers, industry bodies, business partners, reinsurers and colleagues, to maximise influence and achieve business objectives. Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance. 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 Negotiating rates, terms and conditions for existing and new business. 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 progress towards business objectives. 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.

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. Apply any reinsurance requirements in accordance with stated risk tolerances and to deliver against business plan. Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to 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. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

People Management

Motivate and develop the team by demonstrating good leadership behaviours and management best practice. Manage performance in accordance with the company’s performance process.

Skills and Experience:

Extensive knowledge of market conditions for P&C Binders Knowledge of legal and regulatory requirements Thorough understanding of class specific underwriting and reinsurance knowledge Intermediate/ advanced level understanding of relevant software including Excel and other departmental software packages Strong interpersonal and communication skills Excellent analytical and negotiation skills Ability to analyse and use data for decision making People management – ability to engage and lead a team Significant experience gained within the insurance industry Use of risk profiling and pricing tools and loss models Strong established customer/broker relationships

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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