General information
City: Madrid
Country: Spain
Creation Date: 21-Aug-2024
Employment Type: Permanent, Full time
Ref #: 1234571052
Description & Requirements
Role Title: Senior Underwriter Casualty
Department: Casualty
Team: Casualty Spain (Madrid team)
Location: Madrid
Type: Permanent
About the Role: Casualty Senior Underwriter, reporting to me and working in close cooperation with the rest of the underwriting team in our Madrid office.
About the Department & Team:
Underwriting Casualty business.
Commercial activity, dealing with our brokers and clients effectively.
Dealing with both new business and renewal submissions. Having in place the appropriate U/W Authority is required.
Checking documents: Submissions, underlying policies, slips and loss records. Using the rating tool and all the supporting systems (e.g. Rulebook, DOT, PowerBI, RFID, Peer Reviews and Underwriting Authority Governance, etc.).
Key Responsibilities:
Supporting the growth of the Casualty business in our Madrid office, dealing with 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.).
Getting familiar with all our in-house tools (e.g. Rulebook, DOT, PowerBI, RFID, Peer Reviews and Underwriting Authority Governance, etc.).
Handling all underwriting related tasks such as file completion, peer reviews and participating in the IPR as appropriate.
Adherence to all relevant regulatory requirements forms part of your role, demonstrating behaviours as set out in the Conduct Risk Policy, and understanding responsibilities relating to all regulatory and internal requirements.
Skills and Experience:
Appropriate university degree or higher education qualification (Law Degree preferably) or equivalent.
Extensive Casualty underwriting experience.
Understanding of insurance contracts with experience in 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 and service-oriented.
Commitment and willingness to develop professional career; fluent in Spanish and English.
About Liberty Specialty Markets (LSM): Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organization. We bring this to life for our colleagues through:
Offering a vibrant and inclusive environment and committing to their career development.
Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
For more information, please follow the links below:
Working for Us
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