Assistant Underwriter - Financial Institutions

Role Title: Assistant Underwriter

Department: FINPRO

Team: Financial Institutions

Location: London

Type: Permanent

About the Role:

• An opportunity to join the well-established and experienced Financial Institutions team within Liberty Specialty Markets.
• Exposure to a global portfolio of business ranging from SME accounts to large, listed multinationals.
• Look to maintain relationships with brokers, clients and business partners with a view to manage a personal renewal portfolio.
• Opportunity to develop and enhance technical underwriting skills with the help of the team and the internal Learning and Development department.

About the Department & Team:

• A market-leading team of 8 underwriters with a combined 50+ years’ market experience that works closely with financial institutions and brokers to provide effective risk transfer solutions.
• We offer a wide range of products to financial institutions across the world on a primary and excess basis and are supported by a dedicated claims team.
• Agile work environment – office and homeworking.
• Book split across company (Liberty Mutual Insurance Europe SE) and syndicate paper (Liberty Managing Agency Limited).
• Book of business is geographically diverse with a strong UK and US exposure.

Key Responsibilities:

• 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.
• Follow 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.
• Develop knowledge of market dynamics and market cycles to support the performance of the underwriting team.
• 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.

Skills and Experience:

• Understanding of relevant market conditions within Financial Institutions.
• Understanding of class specific underwriting and reinsurance knowledge.
• Good knowledge of legal and regulatory requirements.
• A high level of numeracy and literacy skills.
• Good interpersonal and communication skills.
• Strong organisational and prioritisation skills.
• Strong attention to detail.
• Experience gained within the financial institutions industry or insurance industry.
• Some established customer/broker relationships.

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