Senior Underwriter - Property Facultative

HFG; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading Lloyd's Syndicate in the City of London is seeking a Senior Underwriter for Property Facultative business. The ideal candidate will have over 10 years of experience and will focus on international business and XOL writing. Responsibilities include managing complex reinsurance activities and optimizing portfolio outcomes.

Qualifications

• 10+ years of experience underwriting Property business from a Facultative perspective.

Responsibilities

• Assist in creating and implementing the business plan for the portfolio.
• Underwrite complex risks, negotiate terms, and ensure compliance.

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 desires a candidate 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 business is also considered. The team comprises 6 members, with a significant fire severe book.

Key Responsibilities

1. Assist in creating and implementing the business plan for the portfolio.
2. Support execution of the business plan and make decisions to optimize outcomes.
3. Participate in meetings to exchange ideas, strategies, and best practices.
4. Promote the department, division, and company to enhance brand exposure.
5. Implement reinsurance strategies to protect the portfolio.
6. Manage complex reinsurance activities in compliance with legal and regulatory standards.
7. Adhere to underwriting standards, guidelines, and best practices to mitigate risk and improve efficiency.
8. Accurately record and assess risks, including Delegated Underwriting Authorities, and develop or adjust policy wordings as needed.
9. Apply reinsurance requirements to mitigate risk and support business objectives.
10. Engage in continuous learning to enhance technical expertise.
11. Underwrite complex risks, negotiate terms, and ensure compliance, while contributing to the business plan and managing credit control.
12. Review and analyze portfolio performance to assess progress towards objectives.
13. Ensure thorough risk assessment through peer reviews and compliance with underwriting standards and authorities.