Liberty Specialty Markets (LSM) offers specialty and commercial insurance and reinsurance products across key UK, European, Middle East, US and other international locations. We provide brokers and insureds with a broad product range through both the Company and Lloyd’s markets and have over 1,700 employees in approximately 65 offices.
We are one of the world’s leading specialist re/insurers with a commitment to helping our employees, brokers and clients, and the communities in which we live and work, to prosper. As an employer it is important for us to promote a culture in which we adopt our core principles, communication, teamwork, performance, ambition. At Liberty Specialty Markets we create an environment where careers can flourish - a place for people to learn, grow, develop, and celebrate success.
Each of us has a 'unique perspective', shaped by our different backgrounds, personalities, life experiences, beliefs and many other dimensions of differences. Diversity & Inclusion embraces all those dimensions which make each of us who we are; a combination of visible and invisible differences which guide our perspectives and approaches in life. At LSM we recognise and encourage the values of diversity, inclusion and collaboration - working together to share our unique perspectives helps us to make better decisions, deliver innovative solutions and pursue our goals. We have an inclusive culture and leadership, where all colleagues are empowered to be their unique selves and fully contribute to get things done. We are as committed to helping each other internally, as we are to helping our customers, communities and shareholders externally.
About the role
Underwriting Governance been set up as an underwriting support function. The main objectives of Underwriting Governance are:
- To establish and maintain an underwriting control framework of which underwriters are required to operate, and will be monitored against;
- To monitor, evaluate and independently challenge underwriting exceptions and underwriting governance frameworks;
- To provide challenge to the underwriters, and hold them to account in respect of adherence to the LSM Underwriting Controls and Procedures;
- To provide an overall view of the underwriting controls in place for all Underwriting Platforms and Teams across LSM;
- To provide support to the Independent Review process and ensure actions are tracked and followed up to resolve
- To ensure that LSM obtains confidence that the underwriting controls and strategic plans are being complied with; and
- To ensure that Liberty Mutual Group (LMG), and the Regulators (including Lloyd’s) obtain confidence that LSM is exercising effective control of internal Underwriting processes.
Underwriting Governance reports to the UK Legal Entity Managing Director.
Key responsibilities
- Running, analysing and investigation of all governance/control reports for underwriting authority exception and peer review across LSM, including communication and training to underwriters and reviewing findings;
- Maintain and report underwriting control adherence / exception reports, identify trends and suggest remediation and improvements ;
- Work with the Underwriting Authority Analyst to ensure letters for assigned classes/division letters are updated accordingly:
- Reporting on behalf of Underwriting Governance to relevant Underwriting and legal entity Committees / Groups;
- Provide project support and ongoing maintenance of the timely update and production of the Underwriting Controls document and any associated training;
- Keep accurate records and documentation to maintain a suitable audit trail which demonstrates the investigation and conclusion of exception reporting queries.
- Providing support to the Underwriting Governance Team in respect of any projects and general administration, and
- 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 our Liberty Values, 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 the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.
Skills and experience
- Strong and clear communication skills
- Good interpersonal skills and attitude
- Ability to work collaboratively within a team
- Computer literate - good working knowledge of MS Office
About Liberty Specialty Markets (LSM)
Liberty Specialty Markets is part 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.
