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Senior Casualty Underwriter

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Liberty Specialty Markets

2mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Consulting
    Banking & Finance
  • Madrid

AI generated summary

  • You need a relevant degree, extensive casualty underwriting experience, strong communication skills, fluency in Spanish and English, and a proactive, organized, and service-oriented approach.
  • You will manage underwriting tasks, assess risks, develop broker relationships, negotiate renewals, use in-house tools, ensure regulatory compliance, and uphold company values.

Requirements

  • - Appropriate university degree or higher education qualification (Law Degree preferably) or equivalent
  • - Extensive Casualty underwriting experience
  • - Understanding of insurance contract with experience on Casualty underwriting (including large and complex risks), showing a generic understanding of other liability lines (e.g. EIL)
  • - Good level of communication skills
  • - Ability to assume responsibility, experience of working against measurable performance targets, professional and confident approach with brokers and clients
  • - Showing initiative, autonomy and proactiveness is key for this role as a Senior Underwriter
  • - Organized
  • - Service oriented
  • - Needs to show commitment and willingness to develop his/her professional career
  • - Fluent in Spanish and English
  • - Ability/potential to communicate clearly and concisely in a professional manner will be required

Responsibilities

  • Supporting the growth of the Casualty business in our Madrid office, following Patricia´s leaving. Dealing with the underwriting tasks, such as pricing and assessing liability risks, following our risk appetite, Underwriting Guidelines and Treaty framework.
  • Developing LSM market relationships with our brokers and clients. Having commercial skills and a previous broking network in the Spanish market is required for this position.
  • Dealing with complex renewals (negotiating renewal terms & conditions with the brokers, assessing the exposure development, loss experience, issuing the appropriate referrals, etc.).
  • As such, this headcount should be getting familiar with all our in-house tools (e.g. Rulebook, DOT, PowerBI, RFID, Peer Reviews and Underwriting Authority Governance, etc.).
  • Additionally, handling all the underwriting related tasks is also required, such as file completion, peer reviews and participating on the IPR as appropriate. Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

FAQs

What is the job title for this position?

The job title is Senior Casualty Underwriter.

Where is this position located?

This position is located in Madrid, Spain.

What type of employment is being offered?

The employment type is permanent and full-time.

Who will the Senior Casualty Underwriter report to?

The Senior Casualty Underwriter will report to the head of the Casualty department.

What are the main responsibilities of the Senior Casualty Underwriter?

The main responsibilities include underwriting casualty business, developing market relationships, dealing with complex renewals, and ensuring adherence to regulatory requirements.

What qualifications are required for this position?

An appropriate university degree or higher education qualification (preferably a Law Degree) and extensive casualty underwriting experience are required.

What skills are important for this role?

Important skills include strong communication abilities, organization, service orientation, initiative, and fluency in both Spanish and English.

What kind of work does the Casualty department engage in?

The Casualty department engages in underwriting casualty business, commercial activities with brokers and clients, and handling new and renewal submissions.

What tools and systems should the candidate be familiar with?

The candidate should be familiar with in-house tools such as Rulebook, DOT, PowerBI, RFID, Peer Reviews, and Underwriting Authority Governance.

Is there potential for career development in this position?

Yes, the role offers opportunities for professional development and promotes a supportive culture for career advancement.

What values does Liberty Specialty Markets prioritize?

Liberty Specialty Markets prioritizes values such as putting people first, promoting diversity, equity and inclusion, and supporting a healthy work-life balance.

Liberty Specialty Markets

For Mutual Advantage

Finance
Industry
1001-5000
Employees
1994
Founded Year

Mission & Purpose

Liberty Specialty Markets provides specialty and commercial insurance and reinsurance products across a range of industries, including marine, energy, construction, aviation, and more. The company supports businesses with tailored risk management solutions to protect against complex risks. Liberty Specialty Markets' ultimate mission is to help people and businesses embrace today’s challenges with confidence by offering innovative insurance products and services. Their purpose is to deliver financial protection and peace of mind, enabling clients to take on risks while safeguarding their futures.