Job Title: Assistant Underwriter
Division: Property
Location: London
Type: Permanent
About the Role:
We are seeking an Assistant Underwriter to join our team and assist the existing underwriting unit in the development and management of the portfolio. You will work closely with the underwriters and over time build your internal and external network to develop your underwriting capability.
About the Team:
Commercial Property has achieved significant profitable and sustainable growth over the last 10 years. Now an established market presence with our core Strategic Brokers we are well placed to take advantage of opportunities in our chosen segments of Corporate, Real Estate, Risk Managed and Private Finance Initiatives. With 16 Underwriters we trade with our brokers throughout the United Kingdom from London and our Manchester trading office.
We take a pragmatic approach to providing businesses with the appropriate insurance solution, and we look to build long-term partnerships. Our success is built upon our integrated business unit model combining expertise of all internal stakeholders.
Key Responsibilities:
Strategy and Planning
- Support the team in the annual business plan for the Underwriting division to make appropriate decisions
- Contribute and participate in all meetings to share and develop strategy, knowledge and best practice
- Contribute as and when required to the planning process through research and preparation of relevant materials
Delivery
- Support the underwriters by providing analysis of risks submitted by our brokers
- Maintain relationships with customers, brokers, business partners, reinsurers and colleagues to maximise influence and achieve business objectives
- Develop knowledge of market dynamics and market cycles to support the performance of the underwriting team
- Over time underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives
- Support the review and analysis of the portfolio, to identify progress towards business objectives
- Process entries, as required, properly onto relevant systems in a timely manner 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
Skills and Experience:
- Understanding of relevant market conditions for Commercial Property Insurance and/or Knowledge of Real Estate would be an advantage but is not a requirement
- Good knowledge of legal and regulatory requirements
- Become proficient in the knowledge of underwriting systems, processes and procedures.
- Analytical and comfortable with manipulation of large data sets into a presentable format using Excel & Power BI
- A high level of numeracy and literacy skills
- Good interpersonal and communication skills
- Confident in proactively building relationships with internal and external contacts
- Strong organisational and prioritisation skills
- Excellent attention to detail
- Experience gained within the insurance industry
- Intent or progress towards the relevant qualifications
About Liberty Specialty Markets (LSM)
Liberty Specialty Markets is part of 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.
For more information, please follow the links below:
https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us
https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-equity-and-inclusion
