Liability Underwriter

About us

Avencia Consulting are partnered with a leading specialty insurer who are looking to recruit a Liability Underwriter to join their London office.

The role

Carefully select, underwrite and retain / acquire profitable risks, and deliver consistently at a high level the company's products and proposition to Brokers and Customers.

Work in collaboration with colleagues to positively contribute to the successful delivery of the Liability Department's business plans and goals.

Key accountabilities

Role Specific

• Be part of a successful team, and have a willingness to offer assistance and support to the Liability team, and the wider Network.
• Act as initial referral, authoriser and support for Assistant Underwriters.
• Underwrite and trade successfully individual risks in accordance with company strategy, and guidelines within Underwriting Authority.
• Develop and maintain a robust pipeline of new business, up-sell and x-sell opportunities.
• Deliver consistently and accurately our customer and broker propositions, including global programme management, and service level agreements and plans.
• Ability to work collaboratively with business partners (customer, claims, risk consulting, head office, finance, network, policy wordings, compliance and other lines of business) and colleagues to successfully deliver our product and proposition.
• Deliver positively against the business plan and Key Performance Indicators, including; Regulatory & Compliance, Contract Certainty, System Accuracy, Controls, Peer Review / Authorisation, Audits, Financials (Rate, Retention & New Business), Premium collection, Debt management and technical accounting processes.
• Actively participate and contribute to the Liability Department by way of own initiative, forums, committees or projects to improve growth, development, effectiveness and efficiency.
• To undertake any other tasks as requested by the management team, in order that the team and business can achieve its objectives; including training, production of reports, keeping current procedures to implement organisational policies, involvement in projects, and research to maintain a high technical knowledge base within the Liability Department and a leading product / proposition.
• Represent the Liability Department and actively participate on internal sponsored forums, committees and projects.
• Enhance professional profile within the insurance industry, and cultivate strong relationships with our Customers and Brokers.
• Continually enhance your knowledge of; underwriting, risk assessment/management, regulatory and industry practice, and meet the minimum Continued Professional Development requirements of the CII and of the company.

People

• Lead by example through seeking out and leveraging diversity in all its forms and to create an inclusive work environment where innovation and fresh perspectives are embedded for the benefit of our people, our business and for the customers and communities that we support.

Risk & Compliance

• Fulfil individual risk and compliance related obligations, and provide support to and monitoring of the company's adherence to Group and Regulator guidelines.
• Provide proactive risk and compliance awareness by reporting any incidents or breaches identified within our compliance requirements.

Skills & experience

• CII, Diploma in Insurance or Advanced Diploma in Insurance qualification, or progression towards, is preferred (or equivalent risk assessment/management, underwriting, contract law and regulatory experience).
• Experience in risk evaluation and underwriting of liability insurance placements.
• Knowledge of Non Conventional and Excess of Loss deal structures.
• Good understanding of the reinsurance and overseas markets.
• Relevant technical Liability underwriting experience
• Good understanding of insurance and the terminologies used, across all lines of business.
• Good technical understanding about underwriting policy construction;
• Able to evaluate information from a variety of sources and solve problems.
• Good decision-making skills; able to consider the costs and benefits of various decisions and choose the appropriate one.
• Good communication and interpersonal skills;
• Accuracy and attention to detail. Maintain accurate, orderly and methodical electronic files that should always be available for auditing and meet regulatory requirements.
• Self-motivated and able to organise own workload effectively to meet service standards.
• Deadline focused; able to work under pressure to meet tight deadlines.