Underwriting Assistant

Role Title: Underwriting Assistant: London Market Risks

Department: London Market Risks

Location: Cologne

Type: Permanent

About the Department & Team:

For our Cologne based London Market Risks (LMR) Team we are recruiting for a full-time Underwriting Assistant. LMR is a Global Product Line within Liberty Mutual Reinsurance (LM Re) and is comprised of non-proportional treaty reinsurance and retrocession business. The clientele ranges from Lloyd’s Syndicates and London Market companies to Global Players and medium-sized local Reinsurers.

This is an opportunity to learn and develop technical underwriting skills with the help of the LMR team and the internal Learning and Development department.

We are a recognised lead market for specific products including Global Property Cat Retrocession, Property Risk, Terrorism, Marine, Energy and Personal Accident as well as Whole Account or Umbrella protections combining some of these classes into dedicated solutions for our customers. Strong customer/broker relationships, continuity, reliability, flexibility and a responsive claims service are some of our key business principles and cornerstones of our success.

Key Responsibilities:

·Assist the Underwriters in technical underwriting including application of rating models.

·Register incoming offers and administer Document Management Processes to agreed standards.

·Data capture, completion and verification in Underwriting Tools and Databases.

·Review and compilation of contract documentation (slip, wording, endorsement, contract certainty checks).

·Support Benchmark Pricing & Liberty Rate Monitoring Systems (LRMS) for LMR.

·Preparation of information for client meetings

·Monitor key exposures and keep underwriters informed of movements.

·Improvement of data recording / capturing and continuous monitoring of the account.

Skills and Experience:

·Interest in (re)insurance and global news.

·A committed, resilient and self-motivated attitude.

·Strong analytical skills.

·Good interpersonal and communication skills.

·Strong organizational and prioritization skills.

·Good attention to detail.

·Fluent in English and German.

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 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.