Junior D&O Underwriter

General information

City:Zurich

Country:Switzerland

Creation Date:20-Oct-2021

Closing Date:18-Nov-2021

Employment Type:Permanent

Department:International

Ref #:4601

Description & Requirements

Job Title:Junior D&O Underwriter (Assistant UW)

Location:Zurich

Duration:Permanent

Who we are?

Liberty Specialty Markets is part of Liberty Mutual Insurance Group, a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets. Established in 2013, bringing together Liberty’s company, syndicate and reinsurance operations into one combined operation of over 1,900 people, over 50 specialty and commercial insurance and reinsurance products and four underwriting platforms.

Role of Department:

Key Purpose of Role:

Provision of support to team in accordance with the business plan

Underwriting Support

• Involvement in day to day organization of the underwriting department

o UW Administrative support to underwriters

o Complete and accurate administration to operations team with regards to submission entry, DOT data capture, policies or endorsement issuance, premium invoicing and collection.

o Collect broker/customer information and upload onto the document management system.

o Management of the existing renewal book and the new business accounts in respect of underwriting administration, , data entries onto the UW tools/systems, manuscript endorsements, etc.

o Involvement in underwriting of new business accounts – liaison with clients and brokers will be required

o Involvement in underwriting of the existing renewal book – liaison with clients and brokers will be required

o Contribute and participate in internal and external meetings in order to support the development of the book of business

o Contribute new ideas and concepts to support the development of book of business Point of contact for the COE, BPO and CC

o Ownership and responsibility for accurate management information.

o Managing of aggregates in conjunction with exposure management. Arranging for accounts to be modelled and making sure accounts remain within allocation.

o Credit Control – managing if not actively chasing.

o Development of maintenance of rating models.

Strategy and Planning

o Follow the annual business plan for the Underwriting division in order to make appropriate decisions

o Contribute and participate in all meetings in order to share and develop strategy, knowledge and best practice

o Contribute as and when required to the planning process through research and preparation of relevant materials

Delivery

o Maintain relationships with customers, brokers, business partners, reinsurers and colleagues to maximize influence and achieve business objectives

o Develop knowledge of market dynamics and market cycles to support the performance of the underwriting team

o Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives under Supervision, including:

o Negotiating rates, terms and conditions for existing and new business

o Compliance with the production and issue of documentation in accordance with contract certainty requirements

o Support the review and analysis of the portfolio, to identify progress towards business objectives

o Process entries, as required, properly onto relevant systems in a timely manner ensuring accuracy of data with relation to both underwriting and aggregate exposures

What the ideal candidate will have:

o Understanding the administrative tasks of insurance policies

o Understanding of General Liability and Personal Insurance

o Intermediate level understanding of relevant software including Excel and other departmental software packages

o A high level of numeracy and literacy skills

o Good interpersonal and communication skills

o Good organisational and prioritisation skills

o Good attention to detail

o Very good written and verbal English language skills

o High willingness to deliver exceptional performance

o High willingness to learn

What we can offer you:

At LSM, we recognise and encourage the values of diversity, inclusion and collaboration and we know that working together to share our unique perspectives helps us make better decisions, deliver innovative solutions and pursue our goals.