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Underwriter - property facultative

London
Permanent
High Finance
Underwriter
Posted: 13 April
Offer description

Exclusive Role: Underwriter | Property Facultative Reinsurer City of London I am currently partnered exclusively with a leading Reinsurer who are seeking an Underwriter to join their Property Fac team. This role will be Underwriting a variety of Property risks from multiple industries on a Facultative basis, solely on an XOL basis too. Including but not limited to; Power, Real Estate, Mining, Renewables and more. My client is looking for someone with a solid Property Underwriting background, either on a Fac basis or a primary basis who has had involvement with Fac placements. Key Responsibilities Underwriting Support the department's objective of building and sustaining a profitable property excess of loss portfolio. Underwrite and price individual risks and programme-based facultative reinsurance in line with underwriting philosophy, guidelines, rating tools, pricing methodologies, and documentation standards. Maintain a strong understanding of market pricing, terms, and conditions. Demonstrate in-depth expertise in contract and policy wordings, pricing structures, terms and conditions, and current underwriting issues. Negotiate and agree terms and conditions directly with clients. Client Account Management Build and maintain strong relationships with clients at both underwriting and senior management levels. Develop a thorough understanding of treaty structures and facultative reinsurance purchasing behaviour. Deliver tailored reinsurance solutions that meet client needs while maintaining technical pricing discipline and capacity limits. Take ownership of assigned client relationships, including the development and execution of marketing plans. Proactively identify new business opportunities within existing accounts and across the wider insurance market. Maintain awareness of broader market trends and industry developments. Teamwork Seek and provide high-quality peer review ('second head') support on facultative transactions where appropriate. Foster effective collaboration across client teams, branches, business units, and project teams by contributing to a positive, supportive, and disciplined working environment. Actively participate in training, development, and coaching initiatives. Consistently demonstrate professionalism, integrity, trust, and respect. Exhibit a strong work ethic and a proactive, results-driven mindset. Running the Business Contribute to branch planning activities in support of departmental objectives. Use management and diagnostic reporting to generate insights and share information effectively with property facultative colleagues and other corporate functions. Adhere to established operational and processing protocols while supporting continuous improvement initiatives. Coordinate, participate in, and lead special projects as required to support branch and business priorities.

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