Underwriter - Property Binders in City of London

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

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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

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