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

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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.

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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.

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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