Assistant Underwriter - Political Risk London, England
Job description
General information
City: London, UK
Country: United Kingdom
Creation Date: 03-Mar-2023
Employment Type: Permanent
Employment Type: Full time
Ref #: 1234570050
Description & Requirements
Role Title: Assistant Underwriter: Political Risk
Department: Underwriting
Team: Financial Risk Solutions – Political Risk
Location: London
Type: Permanent
About the Role:
Underwrite Political Risk business and support the FRS Political Risk Underwriting team in accordance with the business plan and within delegated underwriting authority.
About the Department & Team:
Financial Risk Solutions (FRS) underwrite credit and political risks through Lloyd’s of London and on Company insurance paper. These risks relate to non-payment and non-performance of private and public sector counterparties, and political perils such as expropriation or confiscation of assets by foreign governments, export embargo, forced abandonment, war etc. FRS clients are banks, corporates, trading companies, export credit agencies and multilaterals.
Key Responsibilities:
Follow the annual business plan for the Underwriting division in order to make appropriate decisions- Contribute and participate in meetings in order to share and develop strategy, knowledge and best practice as required by the FRS Head of London Markets and Political Risk Practice Leader.
- Contribute as and when required to the planning process through research and preparation of relevant materials
- Support the Political Risk Underwriting team with country, sector, and project research and analysis and review of client/deal specific information
- Ad hoc compilation of reports and presentations (using internal and external data) on the FRS Political Risk book for internal and external audiences
- Support project work associated with the new operating model of the Political Risk team.
- Develop 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
- Working with both the Underwriting and Country and Credit Risk Management teams to support the review and analysis of the portfolio, and to identify progress towards business objectives
- Manage the compilation and reporting of FRS data as when required
- Act as liaison with the policy entry team as required, to ensure entry of policy information into the systems in a timely manner and ensuring accuracy of data with relation to both underwriting and aggregate exposures
- Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives
- 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 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. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.
Skills and Experience:
Degree and/or Master’s level education in Politics, International Relations or a related field.- Keen interest in current affairs
- Strong analytical skills
- Self-starter and willingness to learn and take on responsibility
- Demonstrates flexibility and adaptability to work in a challenging environment
- Intermediate level understanding of relevant software including Excel and other departmental software packages
- A high level of numeracy and literacy skills
- Good interpersonal and communication skills
- Strong organisational and prioritisation skills
- Good attention to detail
About Liberty Specialty Markets (LSM):
Liberty Specialty Markets 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.
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-inclusion-wellbeing/diversity-and-inclusion
