At a Glance
- Tasks: Support underwriting teams and drive innovative strategies for business growth.
- Company: Join Liberty Specialty Markets, a leading global insurer with a people-first culture.
- Benefits: Enjoy a vibrant work environment, career development, and flexible working options.
- Why this job: Make a real impact in the insurance industry while collaborating with diverse teams.
- Qualifications: Strong analytical skills and experience in leadership and communication.
- Other info: Be part of a supportive culture that values diversity and work-life balance.
The predicted salary is between 36000 - 60000 £ per year.
About the Role: Portfolio Manager will be expected to work across the team, providing assistance to the underwriting team to ensure business objectives and initiatives are met. This will include:
- Coordination of underwriting activities for their respective division/divisions
- Work closely with Head of Portfolio Management, respective operational leads and Business Change to implement change effectively for their respective division/divisions
- Producing innovative and high-quality recommendations to support underwriting growth and remediation initiatives supported by detailed research, analytics and processes for their respective division/divisions
- Supporting the implementation of strategies to achieve business plans for their respective division/divisions
- To be the main point of contact for all Portfolio Management related underwriting and non-underwriting matters for both internal & external stakeholders for both partnered divisions and wider pillar (as required)
- Work with brokers and external partners on new business opportunities for their respective division/divisions
About the Department & Team: The Portfolio Management Team reports into the Chief Underwriting Officer and are responsible for supporting the implementation, execution and monitoring of business strategies related to underwriting performance. Portfolio Management is a cross functional discipline, requiring collaboration & communication across several key departments which form an integrated business unit. The London Portfolio Management team consists of 12 members and has separate representation within other regions. The team was established in and is now a core embedded function within the organisation.
Key Responsibilities:
- Ensuring that all underwriting support activities undertaken in the team are aligned to achievement of plans and strategies, including monitoring and reporting performance against planned KPIs
- Manage and oversee all non-underwriting related matters
- Managing relationships with internal and external service providers and stakeholders such as Operations, Finance, Actuarial, MI, Exposure Management, Outwards Reinsurance and other business units and overseas offices to maximise the performance and efficiency of the product line or division
- Ensuring the provision of accurate and timely data (including regular, standardised reports) appropriate for the needs of the underwriters
- Analyse and present trend data to ensure a proactive approach to managing the portfolio
- Assist in delivery of the Business Plan, outwards reinsurance reports, and internal management reports
- Oversee implementation and monitoring of regulatory reporting requirements
- Identify opportunities for improvement and seek solutions through change or modification of underwriting processes and procedures and to manage the implementation of the change with relevant stakeholders
- Escalate issues where required, work with relevant parties to resolve. Proactive in keeping relevant parties informed of significant or challenging issues
- Improving the capability of the underwriting team by providing market intelligence to identify opportunities to develop or enhance new products and services. Conduct research, run reports and handle information related to business practices
- Keeps current on state/territory issues and regulations, industry activity and trends
- Assist in the production and clearance of thought leadership material for internal and external publishing
- Manage internal audit or regulatory reviews ensuring any recommendations or actions are implemented
- Interfacing with Delegated Authority oversight and analytics
- Represent division externally and internally on behalf of Divisional Head/Underwriting Manager as needed
- Support responses to opportunities on broker facilities or portfolio deals
- Stand in for Divisional Heads/Underwriting Managers at meetings as required
- Represent other Portfolio Managers in cross class meetings and project work, as well as stand in for the Head of Portfolio Management where required
- Continual review for improvement in Portfolio Management activities and those Portfolio Management interact with
- Liaise with all Portfolio Managers to ensure best practice
- Line management of the Portfolio Analyst supporting the respective division/divisions
- 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.
Skills and Experience:
- Strong analytical and problem-solving skills, with the ability to manage and prioritise multiple initiatives
- Strong leadership, communication, negotiation, and presentation skills. Ability to effectively interact with all levels of internal and external business partners and foster a culture of effective working relationships
- Demonstrable experience of getting best results collaboratively with internal/external stakeholders and the ability to create an environment that brings the best in people
- Demonstrable experience of contributing to strategy with Senior Leadership members
- The ability to embrace and drive change initiatives with a strong background in delivering business change success
- Ability to work independently to meet team goals, and to work as a member of a high performing team to accomplish goals
- Technical expertise, underwriting knowledge of business area principles, practices and procedures and ability to apply judgment
- Knowledge of insurance and underwriting techniques
- Good appreciation of the commercial impacts of change to product line
- London Market/Global Specialty Lines market knowledge
About Liberty Specialty Markets (LSM): Liberty Specialty Markets 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 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.
Portfolio Manager: Specialty Lines in London employer: Liberty Specialty Markets
Contact Detail:
Liberty Specialty Markets Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Portfolio Manager: Specialty Lines in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to Liberty Specialty Markets. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Show us you understand our commitment to putting people first and how you can contribute to that culture.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills align with the role of Portfolio Manager. Highlight your analytical skills and experience in managing relationships with stakeholders.
✨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.
We think you need these skills to ace Portfolio Manager: Specialty Lines in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Portfolio Manager role. Highlight your experience in underwriting and portfolio management, and show how your skills align with our business objectives. We want to see how you can contribute to our team!
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 your previous roles. We love candidates who can demonstrate their problem-solving skills with real-life scenarios.
Communicate Clearly: Your written application should reflect your communication skills. Keep it clear and concise, and make sure to proofread for any typos or errors. We appreciate attention to detail, so let your writing shine!
Apply Through Our Website: We encourage you to apply directly 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 Portfolio Management Inside Out
Before the interview, make sure you thoroughly understand the key responsibilities of a Portfolio Manager in Specialty Lines. Brush up on your knowledge of underwriting processes, regulatory requirements, and how to analyse trend data. This will help you speak confidently about how you can contribute to the team.
✨Showcase Your Analytical Skills
Prepare examples that highlight your strong analytical and problem-solving skills. Think of specific situations where you've successfully managed multiple initiatives or improved processes. Be ready to discuss how you can apply these skills to support underwriting growth and remediation initiatives.
✨Demonstrate Your Collaborative Spirit
Since this role requires working closely with various stakeholders, be prepared to share experiences where you've fostered effective working relationships. Highlight your communication and negotiation skills, and how you've contributed to strategy with senior leadership members in past roles.
✨Embrace Change and Innovation
The ability to drive change is crucial for this position. Come equipped with ideas on how you can implement innovative strategies within the Portfolio Management team. Discuss any previous experiences where you've successfully led change initiatives and how you can bring that expertise to Liberty Specialty Markets.