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- Tasks: Lead underwriting governance and ensure consistent practices across global LM Re.
- Company: Join Liberty Mutual Reinsurance, a leading global insurer with a vibrant culture.
- Benefits: Enjoy a supportive environment, career development, and flexible work options.
- Other info: Embrace a culture that values diversity, equity, and inclusion.
- Why this job: Make a real impact on underwriting excellence and collaborate with diverse teams.
- Qualifications: Experience in (re)insurance and strong analytical skills required.
The predicted salary is between 80000 - 100000 ÂŁ per year.
Location: London
About the Role:
As the LM Re Performance Management and Underwriting Governance Lead, you will be responsible for ensuring consistent, disciplined underwriting practices across global LM Re. You will develop, maintain, and oversee the implementation of underwriting policies, authority frameworks, referral protocols, and peer review processes, working closely with underwriting teams, the Underwriting Governance function and second‑line functions to support strong risk‑taking aligned with appetite. This role is pivotal in embedding underwriting excellence across products and geographies while supporting the CUO’s mandate to deliver a high‑quality portfolio.
Key Responsibilities
- Underwriting Governance & Frameworks
- Maintain and enhance the underwriting authority framework, ensuring it reflects current business appetite and regulatory standards.
- Coordinate the underwriting referral process, including thresholds, documentation requirements, and support reporting and committee oversight.
- Own the underwriting policy and procedural documentation across lines of business.
- Legal Entity / Performance Management Requirements
- Monitor premium vs plan monthly, submitting a premium income request when necessary.
- Work with underwriting teams to submit the Lloyd’s business plan annually, including the Syndicate Business Forecast (SBF) Business Plan Narrative.
- Develop and lead the annual Class Underwriting Framework (CUF) reviews.
- Act as a first point of contact for all legal entity requirements for LM Re and support with reporting obligations.
- Develop and lead the underwriting file review and post‑bind peer review process.
- Identify process gaps or inconsistencies and work with underwriters and management to close them, both pre‑bind and post‑bind.
- Monitor adherence to pricing tools, appetite guides, and referral protocols.
- Change & Implementation
- Work with Underwriting, Finance, Actuarial, Risk, MI, and Operations to ensure governance requirements are embedded in systems and workflows.
- Support rollout and embedding of new underwriting tools, templates, or risk appetite changes.
- Stakeholder Collaboration
- Collaborate with Risk, Compliance, Audit, Legal, Finance, Actuarial, Operations and GRS Office of Underwriting to ensure alignment between underwriting practices, regulatory requirements, and the enterprise risk framework.
- Act as a first point of contact for LM Re underwriting governance queries or internal reviews related to underwriting practices.
- Foster a strong collaborative partnership with the Underwriting Governance function, ensuring alignment on frameworks, tools, and standards, while effectively representing LM Re’s needs and feedback to shape governance initiatives.
- Provide governance reporting to the Head of Underwriting Alignment and CUO.
- Compliance with all applicable internal and external laws, regulations, policies, procedures, and guidance, and adhere to underwriting standards, instructions, and best‑practice methodologies to minimise risk.
- 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, putting customers at the centre of our business and behaving with integrity.
Skills and Experience
- Experience in (re)insurance or commercial insurance
- Understanding of underwriting processes, authority controls, and risk appetite frameworks.
- Experience in implementing governance structures or process improvement within a regulated environment.
- Proven ability to influence senior stakeholders across functions.
- Strong analytical, organisational, reporting and communication skills, with the ability to synthesise complex information into clear, concise insights for senior stakeholders, and manage and prioritise multiple initiatives simultaneously.
- High attention to detail and a pragmatic, solutions‑oriented approach.
- Able to achieve goals independently and as part of a high‑performing team.
What You’ll Bring
- A disciplined mindset that values consistency and process without losing sight of commercial realities.
- Confidence to challenge constructively while building trust across underwriting teams.
- A collaborative style that brings together underwriters, risk, compliance, the broader governance function, and operations toward a common goal of underwriting excellence.
About Liberty Mutual Reinsurance
Liberty Mutual Reinsurance is part of 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 career development.
- Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee‑led networks strengthen the diversity of our workforce and 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.
LM Re Performance Management and Underwriting Governance Lead in London employer: Liberty Specialty Markets
Contact Detail:
Liberty Specialty Markets Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land LM Re Performance Management and Underwriting Governance Lead in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and role thoroughly. Understand their values and how they align with your experience. This will help you tailor your answers and show you're genuinely interested.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources. The more comfortable you are speaking about your skills and experiences, the better you'll perform when it counts.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace LM Re Performance Management and Underwriting Governance Lead in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in underwriting governance and performance management. We want to see how your skills align with the role, so don’t hold back on showcasing relevant achievements!
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, include examples of how you've used data to drive decisions or improve processes in previous roles. We love seeing candidates who can turn complex information into clear insights!
Highlight Collaboration Experience: This position is all about working with various teams, so share instances where you’ve successfully collaborated across departments. We’re looking for someone who can build trust and foster partnerships, so let that shine through!
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details 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 Underwriting Inside Out
Make sure you have a solid understanding of underwriting processes, authority controls, and risk appetite frameworks. Brush up on the latest trends in the industry and be ready to discuss how you can contribute to maintaining and enhancing these practices.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical abilities by discussing past experiences where you've synthesised complex information into clear insights. Think of specific examples where your attention to detail made a difference in decision-making or process improvement.
✨Be Ready to Collaborate
This role requires strong collaboration with various teams. Be prepared to talk about how you've successfully worked with cross-functional teams in the past. Highlight your ability to build trust and foster partnerships, especially in a regulated environment.
✨Understand Regulatory Requirements
Familiarise yourself with relevant regulatory requirements such as Solvency II and the Senior Managers and Certification Regime Conduct Rules. Be ready to discuss how you ensure compliance in your work and how you can help the company maintain its high standards.