Underwriter - Property Binders in City of London

Vallum Associates is looking for an Underwriter - Property Binders in City of London

Job description

About the Role:

  • An opportunity to join the market leading and hugely experienced Property Binders team within Lloyds.
  • Exposure to a broad spread of Property risks across International property classes, with a key focus on Canadian business.
  • Look to maintain and build relationships with brokers, clients and business partners in order to renew and acquire new business for the portfolio.
  • Drive team strategy and planning in short and medium term including oversight of elements of business planning process


About the Department & Team:

  • A market-leading team with extensive experience in the Property Binders world
  • Binder portfolio of US & International property business which has been developed over many years thanks to the strong relationships built by the current senior leadership of the team
  • Sitting in the Delegated Practice Group within the Specialty Binders division made up of underwriting, governance and management into a single centre of excellence.
  • Agile work environment – office and homeworking


Key Responsibilities:


Strategy and Planning

  • Support the development of the annual business plan for the Underwriting division and ensure delivery of the plan in accordance with stated risk tolerances.
  • Ensure the team’s awareness of the business plan and its context so that they are able to take appropriate action and make informed decisions.
  • Contribute and participate in all meetings in order to share and develop strategy, knowledge and best practice.
  • Contribute new ideas and concepts to support the development and delivery of the business plan.


Delivery

  • Establish and strengthen relationships with brokers, industry bodies, business partners, reinsurers and colleagues, to maximise influence and achieve business objectives.
  • Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance.
  • Continually develop expertise and technical knowledge through appropriate development initiatives.
  • 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.
  • Contribute and influence in the review and analysis of the portfolio, to identify progress towards business objectives.
  • 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.
  • Apply any reinsurance requirements in accordance with stated risk tolerances and to deliver against business plan.


Skills and Experience:

  • Knowledge of market conditions for P&C Binders
  • Knowledge of legal and regulatory requirements
  • Thorough understanding of class specific underwriting and reinsurance knowledge
  • Intermediate / advanced level understanding of relevant software including Excel and other departmental software packages
  • Strong interpersonal and communication skills
  • Excellent analytical and negotiation skills
  • 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
  • Strong established customer/broker relationships


If this role is of interest, get into contact with Louie York at Vallum Associates on the following details:

E: Lyork@vallumassociates.com

DD: +44 204 513 6437

Mob: +44 7932 585269

Extra information

Status
Open
Education Level
Secondary School
Location
City of London
Type of Contract
Part-time jobs
Published at
06-07-2025
Full UK/EU driving license preferred
No
Car Preferred
No
Must be eligible to work in the EU
No
Cover Letter Required
No
Languages
English

Part-time jobs | Secondary School

Apply directly

Share this vacancy