Senior Underwriter - Property Facultative

New Vacancy - Senior 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 desires a candidate with 10+ 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. The team comprises 6 members, with a significant fire severe book.

Key Responsibilities

• Assist in creating and implementing the business plan for the portfolio.
• Support execution of the business plan and make decisions to optimize outcomes.
• Participate in meetings to exchange ideas, strategies, and best practices.
• Promote the department, division, and company to enhance brand exposure.
• Implement reinsurance strategies to protect the portfolio.
• Manage complex reinsurance activities in compliance with legal and regulatory standards.
• Adhere to underwriting standards, guidelines, and best practices to mitigate risk and improve efficiency.
• Accurately record and assess risks, including Delegated Underwriting Authorities, and develop or adjust policy wordings as needed.
• Apply reinsurance requirements to mitigate risk and support business objectives.
• Engage in continuous learning to enhance technical expertise.
• Underwrite complex risks, negotiate terms, and ensure compliance, while contributing to the business plan and managing credit control.
• Review and analyze portfolio performance to assess progress towards objectives.
• Ensure thorough risk assessment through peer reviews and compliance with underwriting standards and authorities.

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