At a Glance
- Tasks: Underwrite insurance risks and manage a personal renewal portfolio with brokers and clients.
- Company: Join Liberty Specialty Markets, a leader in financial institutions insurance.
- Benefits: Permanent full-time role with flexible working options and professional development opportunities.
- Other info: Collaborative environment with a wealth of industry expertise to learn from.
- Why this job: Gain hands-on experience in a dynamic team and enhance your underwriting skills.
- Qualifications: Understanding of financial institutions and strong communication skills required.
The predicted salary is between 40000 - 50000 £ per year.
Country: United Kingdom of Great Britain and Northern Ireland
Creation Date: 04-Jun-2026
Employment Type: Permanent, Full time
Ref #: 1234572973
About the Role: An opportunity to join the well-established and experienced Financial Institutions team within Liberty Specialty Markets. Exposure to a global portfolio of business ranging from SME accounts to large, listed multinationals. Look to maintain relationships with brokers, clients and business partners with a view to manage a personal renewal portfolio. Opportunity to develop and enhance technical underwriting skills with the help of the team and the internal Learning and Development department.
About the Department & Team: A market-leading team of 8 underwriters with a combined 50+ years’ market experience that works closely with financial institutions and brokers to provide effective risk transfer solutions. We offer a wide range of products to financial institutions across the world on a primary and excess basis and are supported by a dedicated claims team. Agile work environment – office and homeworking. Book split across company (Liberty Mutual Insurance Europe SE) and syndicate paper (Liberty Managing Agency Limited). Book of business is geographically diverse with a strong UK and US exposure.
Key Responsibilities:
- 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;
- Follow the annual business plan for the Underwriting division to make appropriate decisions;
- Contribute and participate in all meetings to share and develop strategy, knowledge and best practice;
- Develop knowledge of market dynamics and market cycles to support the performance of the underwriting team;
- Support the review and analysis of the portfolio, to identify progress towards business objectives;
- Process entries, as required, properly onto relevant systems in a timely manner ensuring accuracy of data with relation to both underwriting and aggregate exposures.
Skills and Experience:
- Understanding of relevant market conditions within Financial Institutions;
- Understanding of class specific underwriting and reinsurance knowledge;
- Good knowledge of legal and regulatory requirements;
- A high level of numeracy and literacy skills;
- Good interpersonal and communication skills;
- Strong organisational and prioritisation skills;
- Strong attention to detail;
- Experience gained within the financial institutions industry or insurance industry.
Assistant Underwriter - Financial Institutions employer: Liberty Specialty Markets
Liberty Specialty Markets is an exceptional employer, offering a dynamic work environment in London where employees can thrive in their careers. With a strong focus on professional development and a supportive team culture, the Assistant Underwriter role provides opportunities to enhance technical skills while managing a diverse portfolio of financial institutions. Employees benefit from flexible working arrangements and the chance to collaborate with industry experts, making it a rewarding place for those seeking meaningful employment.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Underwriter - Financial Institutions
✨Network Like a Pro
Get out there and connect with people in the financial institutions sector. Attend industry events, join relevant online forums, and don’t be shy about reaching out to professionals on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Ace the Informational Interview
Set up informal chats with current underwriters or those in similar roles. This is your chance to learn about their experiences and get insider tips on what it takes to succeed. Plus, it shows your genuine interest in the field, which can really make you stand out!
✨Showcase Your Skills
When you get the chance to meet potential employers, be ready to talk about your skills and how they relate to the role. Use specific examples from your past experiences to demonstrate your understanding of underwriting and the financial institutions market. We want to see your passion shine through!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly. Let’s make this happen together!
We think you need these skills to ace Assistant Underwriter - Financial Institutions
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Assistant Underwriter role. Highlight any relevant experience in financial institutions or insurance, and don’t forget to showcase your skills in negotiation and compliance!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about underwriting and how your background aligns with our team’s goals. Keep it concise but impactful!
Showcase Your Skills:We want to see your strong organisational and communication skills in action. Use specific examples from your past experiences to demonstrate how you’ve successfully managed portfolios or built relationships with clients.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Liberty Specialty Markets
✨Know Your Numbers
As an Assistant Underwriter, you'll need to demonstrate a strong grasp of numeracy. Brush up on key financial metrics and be ready to discuss how they impact underwriting decisions. This shows you’re not just familiar with the numbers but can also apply them in real-world scenarios.
✨Understand Market Dynamics
Familiarise yourself with current market conditions within the financial institutions sector. Be prepared to discuss recent trends or changes that could affect underwriting practices. This will show your potential employer that you’re proactive and knowledgeable about the industry.
✨Showcase Your Communication Skills
Since maintaining relationships with brokers and clients is crucial, practice articulating your thoughts clearly and confidently. Prepare examples of how you've successfully communicated complex information in the past, as this will highlight your interpersonal skills.
✨Prepare for Technical Questions
Expect questions related to underwriting principles and compliance requirements. Review the basics of underwriting and be ready to explain how you would approach risk assessment. This preparation will help you stand out as a candidate who is both knowledgeable and eager to learn.
