General information




City: Zurich




Country: Switzerland




Creation Date: 26-Aug-2026




Employment Type: Permanent




Employment Type: Full time




Ref #: 1234573433




Description & Requirements



Job Title: (Junior) Underwriter



Department: Fine Art & Specie



Division: Specialty



Location: Zurich



Type: Permanent, 80-100%



Role of Department



The successful candidate will be joining the FA&S Underwriting team working along with Underwriters in the team to support them in Underwriting business in accordance with the business plan and within delegated underwriting authority



Key Purpose of Role



Underwrite business and provision of support in accordance with the business plan and within delegated underwriting authority



Key Responsibilities

• Support the development of the annual business plan for the Underwriting division and ensure delivery of the plan in accordance with stated risk tolerances


• Ensure the team's awareness of the business plan and its context so that they are able to take appropriate action and make informed decisions


• Contribute and participate in all meetings in order to share and develop strategy, knowledge and best practice


• Contribute new ideas and concepts to support the development and delivery of the business plan


• Development of maintenance of rating models.


• Managing of aggregates in conjunction with exposure management. Arranging for accounts to be modelled and making sure accounts remain within allocation.


• Management of the existing renewal book and the new business accounts in respect of underwriting administration, data entries onto the UW tools/systems, manuscript endorsements, etc.


• Contribute new ideas and concepts to support the development of book of business Point of contact for the COE, BPO and CC


• Credit Control - managing if not actively chasing.

Delivery

• Establish and strengthen relationships with brokers, industry bodies, business partners, reinsurers and colleagues, to maximise influence and achieve business objectives


• Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance


• Continually develop expertise and technical knowledge through appropriate development initiatives


• 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


• Contribute and influence in the review and analysis of the portfolio, to identify progress towards business objectives


• Ensure entries are properly recorded onto relevant systems in a timely manner whilst ensuring accuracy of data with relation to both underwriting and aggregate exposures

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


• Apply any reinsurance requirements in accordance with stated risk tolerances and to deliver against business plan


• 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 placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

Skills and Experience

• Significant experience gained within the insurance industry


• Use of risk profiling and pricing tools and loss models


• Strong established customer/broker relationships


• Extensive knowledge of relevant market conditions for specific class/portfolio


• Strong knowledge of legal and regulatory requirements


• Thorough understanding of class specific underwriting and reinsurance knowledge


• Strong level of language skills, in German, French and English


• Intermediate / advanced level understanding of relevant software including Excel and other departmental software packages


• Strong level of numeracy and literacy skills


• Strong interpersonal and communication skills


• Strong analytical skills


• Strong negotiation skills


• Strong organisational and prioritisation skills


• Ability to analyse and use data for decision making


• Strong attention to detail

About Liberty Specialty Markets (LSM)



Liberty Specialty 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 insurers 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 helps 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.

For more information, please follow the links below:



https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us



https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion