Underwriter Milano

Underwriter
Milano
Lombardia, Milano

General information**:

**City**:Milan

**Country**:Italy

**Creation Date**:16-Oct-2024

**Employment Type**:Permanent

**Employment Type**:Full time

**Ref #**:1234571186

**Description & Requirements**:

- Job Title: Underwriter- Department: LSM Italy- Division: Financial Lines FI- Location: Milan- Type: Permanent

- Role of the Department

- This role will sit within our Financial Lines FI Department.

- Key Purpose of the Role

- Underwrite business in accordance with the business plan and within delegated authority.

- Strategy & Planning

- Contribute to the development of the annual business plan for the Underwriting division by making appropriate decisions.

- Contribute and participate in all meetings in order to share and develop strategy, knowledge, and best practiceContribute new ideas and concepts to support the development and delivery of the business plan- Delivery

- Establish and strengthen and develop relationships with customers brokers, business partners, reinsurers and colleagues to maximise influence and achieve business objectives

- Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance

- Maintain expertise and team knowledge through appropriate development opportunities

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

- I. Negotiating rates, terms, and conditions for existing and new business

- II. Compliance with the production and issue of documentation in accordance with the contract certainty requirements

- Participate in the review and analysis of the portfolio, to identify progress towards business objectivesEnsure entries are properly recorded onto relevant systems in a timely manner whilst 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 minimise risk- Knowledge, Skills & Experience

- Proven knowledge of relevant market conditions for specific class/portfolio

- Good knowledge of legal and regulatory requirements

- Thorough understanding of class specific underwriting and reinsurance knowledge

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

- A high level of numeracy and literacy skills

- Strong analytical skills

- Strong negotiation skills

- Strong organisational and prioritisation skills

- Ability to analyse and use data for decision making

- Strong attention to detail

- Degree or equivalent qualification desired - e. g. ACII

- Significant experience gained within the insurance industry

- Use of risk profiling and pricing tools and loss modelsStrong established customer/broker relationships- 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. - For more information, please follow the links below: