Jobid=9bde284c7216 (0.0466)
Job Title: Junior Underwriter Marine Division: Marine Department: Marine Location: The Hague / The Netherlands Type: 12 months Fixed Term ContractRole of Department The successful candidate will be joining the Marine/CAR Underwriting team working with the Underwriters to support them in Underwriting business in accordance with the business plan and within delegated underwriting authority. 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
UW Administrative support to underwriters
Complete and accurate administration to operations team with regards to submission entry, DOT data capture, policies or endorsement issuance, premium invoicing and collection.
Collect broker/customer information and upload onto the document management system.
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.
Involvement in underwriting of new business accounts – liaison with clients and brokers will be required
Involvement in underwriting of the existing renewal book – liaison with clients and brokers will be required
Contribute and participate in internal and external meetings to support the development of the book of business
Contribute new ideas and concepts to support the development of book of business Point of contact for the COE, BPO and CC
Ownership and responsibility for accurate management information.
Managing of aggregates in conjunction with exposure management. Arranging for accounts to be modelled and making sure accounts remain within allocation.
Credit Control – managing if not actively chasing.
Development of maintenance of rating models.
Strategy and Planning
Follow the annual business plan for the Underwriting division to make appropriate decisions
Contribute and participate in all meetings to share and develop strategy, knowledge, and best practice
Contribute as and when required to the planning process through research and preparation of relevant materials
Delivery
Maintain relationships with customers, brokers, business partners, reinsurers, and colleagues to maximize influence and achieve business objectives
Develop knowledge of market dynamics and market cycles to support the performance of the underwriting team
Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives under Supervision, including:
i. Negotiating rates, terms, and conditions for existing and new business
ii. Compliance with the production and issue of documentation in accordance with contract certainty requirements
Support the review and analysis of the portfolio, to identify progress towards business objectives
Process entries, as required, properly onto relevant systems in a timely manner ensuring accuracy of data with relation to both underwriting and aggregate exposures
Policy, Process and Procedures
Compliance with all applicable internal and external laws, regulations, policies, procedures, and guidance
Adhere to underwriting standards, instructions, and best practice methodology in order to minimize risk
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 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 always demonstrate compliance with these requirements and behaviours. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.
Knowledge, Skills and Experience:
Understanding the administrative tasks of insurance policies
Understanding of General Liability and Personal Insurance
Intermediate level understanding of relevant software including Excel and other departmental software packages
A high level of numeracy and literacy skills
Good interpersonal and communication skills
Strong organizational and prioritization skills
Good attention to detail
Fluent in Dutch with very good written and verbal English language skills
High willingness to deliver exceptional performance
High willingness to learn
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 organisation. 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.
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