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    Senior Financial Underwriter - London, United Kingdom - Liberty Specialty Markets

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    Description
    Employment

    Type:
    Permanent

    Employment
    Type:
    Full time


    Type:
    Permanent

    Grow and develop the UK & ROW excess business whilst continuing to maintain our US exposed accounts.

    Our excellent working relationships with our US and Bermudian colleagues allows us provide excellent risk insight and continuity to our global clients.

    We deliver a broad range of liability products including General/Public Liability, Product Liability, Employers' Liability and Environmental Impairment Liability for commercial clients.

    As such we are working closely with our Property colleagues to support our industry focussed retail strategy. We are targeting Retail, Healthcare, Construction, Hospitality & leisure, Manufacturing and Renewable energy risk managed sectors .
    Our High Excess portfolio focuses on Fortune 1,000 risk managed accounts.

    Our underwriting process involves a fully integrated underwriting, claims and risk management approach that offers our clients an all-encompassing risk transfer solution.

    Strategy and Planning

    • In conjunction with the Head of Liability Lines develop the annual business plan for the UK Liabilities Division High Excess portfolio aligned to the three-year growth strategy for the Liabilities division and ensure delivery of the plan in accordance with its stated risk tolerances
    • Act as the UK Liabilities Division High Excess focal point for the ongoing development of analytics in conjunction with actuarial finance and other groups within Liberty to improve our Underwriting Financial Metrics.
    • Support our Multinational SME and through Salesforce identify key opportunities.
    • Maintain a strong working relationship with our Claims, Actuarial, Risk Management and Operations teams.
    • Monitor adherence to the agreed Underwriting Division Business Plan, including benchmark pricing, premium income monitoring, credit control, exception reporting and monitoring of Lloyd's Realistic Disaster Scenarios
    • Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including: 1) Negotiating rates, terms and conditions for existing and new business 2) 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
    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
    • Comply with 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.
    Ability to analyse and use data for decision making.

    • Significant experience gained within the insurance industry.
    • Use of risk profiling and pricing tools and loss models.
    • 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.
    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.


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