General information

Description & Requirements

• 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 practice
Contribute new ideas and concepts to support the development and delivery of the business plan

• 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 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

• 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 busines plan
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 demonstrate compliance with these requirements and behaviours at all times. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

• 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 models
Strong established customer/broker relationships

• 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.