About the Role:
* An opportunity to join the market leading and hugely experienced Property Binders team within Lloyds.
* Exposure to a broad spread of Property risks across International property classes, with a key focus on Canadian business.
* Look to maintain and build relationships with brokers, clients and business partners in order to renew and acquire new business for the portfolio.
* Drive team strategy and planning in short and medium term including oversight of elements of business planning process
About the Department & Team:
* A market-leading team with extensive experience in the Property Binders world
* Binder portfolio of US & International property business which has been developed over many years thanks to the strong relationships built by the current senior leadership of the team
* Sitting in the Delegated Practice Group within the Specialty Binders division made up of underwriting, governance and management into a single centre of excellence.
* Agile work environment – office and homeworking
Key Responsibilities:
Strategy and Planning
* Support the development of the annual business plan for the Underwriting division and ensure delivery of the plan in accordance with stated risk tolerances.
* Ensure the team’s awareness of the business plan and its context so that they are able to take appropriate action and make informed decisions.
* Contribute and participate in all meetings in order to share and develop strategy, knowledge and best practice.
* Contribute new ideas and concepts to support the development and delivery of the business plan.
Delivery
* Establish and strengthen relationships with brokers, industry bodies, 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.
* Continually develop expertise and technical knowledge through appropriate development initiatives.
* Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including Negotiating rates, terms and conditions for existing and new business.
* Compliance with the production and issue of documentation in accordance with contract certainty requirements.
* Contribute and influence in the review and analysis of the portfolio, to identify progress towards business objectives.
* Ensure 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.
* Apply any reinsurance requirements in accordance with stated risk tolerances and to deliver against business plan.
Skills and Experience:
* Knowledge of market conditions for P&C Binders
* Knowledge of legal and regulatory requirements
* Thorough understanding of class specific underwriting and reinsurance knowledge
* Intermediate / advanced level understanding of relevant software including Excel and other departmental software packages
* Strong interpersonal and communication skills
* Excellent analytical and negotiation skills
* Ability to analyse and use data for decision making
* Significant experience gained within the insurance industry
* Use of risk profiling and pricing tools and loss models
* Strong established customer/broker relationships
If this role is of interest, get into contact with Louie York at Vallum Associates on the following details:
E: Lyork@vallumassociates.com
DD: +44 204 513 6437
Mob: +44 7932 585269