Senior) Underwriter Frs

General information **City**:Paris **Country**:France **Creation Date**:06-Jan-2025 **Employment Type**:Permanent **Employment Type**:Full time **Ref #**:1234571331 - Description & Requirements - Role Title: Underwriter/Senior Underwriter - Department: Financial Risk Solutions - Team: Global Financial Risks - Location: Paris - Type: Permanent - About the Role: - About the Department & Team: - Financial Risk Solutions (FRS) underwrite credit and political risks on Company insurance paper and through Lloyd’s of London. These risks relate to non-payment and non-performance of private and public sector counterparties, and political perils such as expropriation or confiscation of assets by foreign governments, export embargo, forced abandonment, war etc. FRS clients are banks, corporates, trading companies, export credit agencies and multilaterals. The global business is split in to three pillars: Short Term Trade Solutions, Credit Solutions and Political Risk Solutions. - Key Responsibilities: - Strategy and planning: - Contribute to the development and execution of the annual business plan for the FRS Europe team and ensure delivery of the plan in accordance with stated risk tolerances. - Contribute new ideas and concepts to support the development and delivery of the FRS Underwriting Strategies and Strategic Projects. - Take responsibility for specific Client and Broker Relationship Management, ensuring Liberty are the goto market for our chosen business segments and relationship issues are appropriately escalated. - Contribute to and participate in meetings in order to share and develop knowledge, risk awareness and best practice.Manage resources across the team to ensure expense targets are achieved- Delivery: - Establish, strengthen and develop relationships with customers, brokers, business partners, reinsurers and colleagues to maximise influence and support continued profitable underwriting. - Represent Liberty in speaking roles at client events and conferences. - Maintain expertise and knowledge through appropriate development opportunities. - Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance. - Underwrite complex 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 - Participate in the review and analysis of the portfolio, to identify areas of risk concern and new business opportunities together with Country & Credit Risk Portfolio Management. - Ensure entries are properly recorded in relevant systems in a timely manner whilst ensuring accuracy of data with relation to both underwriting and aggregate exposures. - Interact with the Actuarial and Pricing team to enhance risk and pricing modelsInteract with the Claims team on claims matters- 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.- Team Development: - Help to develop more junior members of the FRS team via formal and informal training sessions - Motivate the French team by demonstrating good leadership behaviours and strong work ethicAct as a referral point for junior members of the team on risk enquiries- Skills and Experience: - Experience working in the Financial Services sector, preferably in a front office/credit/loan syndication function at a commercial or investment bank, in a Public Agency engaged in credit and/or political risk insurance or direct lending function, or in an insurance company or broker's credit and political risk insurance team. - Demonstrable expertise in non-payment underwriting with proven abilities in credit and sovereign risk analysis. Good breadth of understanding across all products covered in the FRS Credit Solutions pillar. - Use of risk profiling and pricing tools and loss models. - Excellent numeracy, literacy, interpersonal, communication and negotiation skills. - Highly organized with excellent attention to detail. - Ability to analyse and use data for decision making. Proven ability to make risk-based decisions under time constraints. - Economic, political, current affairs interest and knowledge. - Knowledge of legal and regulatory requirements. - Fluent in English and French 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 globa