Underwriter - Property Facultative

HFG; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading Lloyd's Syndicate in the City of London is seeking a Property Facultative Underwriter with over 4 years of experience. This role focuses on international business and requires expertise in underwriting complex reinsurance risks. The successful candidate will contribute to strategic planning and risk management while enhancing their technical knowledge through ongoing development.

Qualifications

• 4+ years of experience underwriting Property business.
• Experience with international business and XOL basis.

Responsibilities

• Assist in creating and implementing the business plan for the portfolio.
• Underwrite complex reinsurance risks and negotiate rates.
• Ensure compliance with regulations and underwriting standards.

Skills

Underwriting

Risk Assessment

Negotiation

Job description

New Vacancy - 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 4+ 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. This position will be part of a team of 6, managing a heavy 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 and manage reinsurance strategies to safeguard the portfolio.
• Execute reinsurance activities in compliance with legal and regulatory standards.
• Adhere to underwriting standards, guidelines, and best practices to minimize risk and improve efficiency.
• Accurately record and assess risks, including Delegated Underwriting Authorities (DUAs), and develop or amend policy wordings as needed.
• Apply reinsurance requirements to mitigate risks and meet business objectives.
• Continuously develop technical knowledge through relevant learning opportunities.
• Underwrite complex reinsurance risks, negotiate terms, and ensure compliance, while contributing to business planning and credit control.
• Review and analyze portfolio performance to ensure progress towards business goals, including audits and account reviews.
• Ensure thorough risk assessment through peer reviews and compliance with underwriting standards and authorities.