Senior Underwriter - Property Facultative

HFG; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading Lloyd's Syndicate is seeking a Senior Underwriter specializing in Property Facultative to join their team in the City of London. The ideal candidate will have over 10 years of experience and will focus on international business. Responsibilities include underwriting complex risks, implementing business strategies, and ensuring compliance with underwriting standards. Join a dynamic team and contribute to enhancing the company's brand visibility and achieving business goals.

Qualifications

• 10+ years of experience underwriting Property business.
• Experience with primary insurance is also considered.

Responsibilities

• Assist in creating and implementing the business plan for the portfolio.
• Underwrite complex reinsurance risks, negotiate rates and terms.
• Ensure all risks are thoroughly peer-reviewed.

Skills

Underwriting

Risk Assessment

Negotiation

Job description

New Vacancy - Senior Underwriter (Property Facultative)
Lloyd's Syndicate
City of London

I am currently recruiting for a leading Lloyd's Syndicate seeking a Property Facultative Underwriter to join their growing team.

My client is looking for someone with 10+ years of experience underwriting Property business from a Facultative perspective. The role will focus on international business and writing on an XOL basis, though experience with primary insurance is also considered. The team consists of 6 members, and the client has a significant fire severe book.

Key Responsibilities

• Assist in creating and implementing the business plan for the portfolio.
• Support the execution of the business plan and participate in strategic meetings.
• Promote the department and company to enhance brand visibility.
• Implement reinsurance strategies to protect the portfolio.
• Execute reinsurance activities in compliance with legal and regulatory standards.
• Adhere to underwriting standards, guidelines, and best practices to mitigate risks and improve efficiency.
• Record and assess insurance risks accurately, including Delegated Underwriting Authorities (DUAs), and develop or amend policy wordings as necessary.
• Apply reinsurance requirements to manage risk and meet business goals.
• Enhance technical expertise through ongoing learning and development.
• Underwrite complex reinsurance risks, negotiate rates and terms, ensure compliance, and contribute to business objectives, including credit control activities.
• Participate in portfolio reviews and analyses to monitor progress toward business goals, including audits and account performance evaluations.
• Ensure all risks are thoroughly peer-reviewed and comply with underwriting standards and authorities.