Country: United Kingdom of Great Britain and Northern Ireland
Creation Date: 27-Aug-2024
Employment Type: Permanent
Employment Type: Full time
Ref #: 1234571081
Description & Requirements
Department: London Market - Energy
Team: London Energy – Power and Renewable
Location: London
Type: Permanent
About the Role:
We are looking for an experienced and dynamic individual to manage our Power and Renewable portfolio within our London Energy team. In this pivotal role, you will take charge of delivering plans across a variety of sectors, including traditional power generation as well as renewable energy sources such as Solar, Wind, Battery Energy Storage Systems (BESS), and Hydrogen.
Your responsibilities will include:
- Overseeing the development and execution of strategies within the Power and Renewables sector, with a global perspective written through our London Wholesale channel.
- Leading and managing a talented team, fostering a collaborative environment, and driving the LSM brand forward.
- Building and nurturing strong relationships with brokers and clients to expand our portfolio and support our business objectives.
If you are passionate about supporting the energy transition and possess strong leadership skills, we invite you to join our innovative team and make a meaningful impact in the energy sector.
About the Department & Team:
The London Energy team has been a cornerstone of the industry for over 20 years, recognized for its exceptional and technically driven underwriting services. We take pride in our market-leading expertise and commitment to delivering outstanding results in the energy sector.
Key Responsibilities:
Strategy and Planning
- Support the development of the annual business plan for the Underwriting division and ensure delivery of the plan in accordance with its 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.
- Leading and providing the strategic input into Energy product development and Energy marketing plans.
- Contribute and participate in all meetings in order to share and develop strategy, knowledge and best practice.
- Monitor adherence to the agreed Underwriting Division Business Plan, including benchmark pricing, premium income monitoring, credit control, exception reporting and monitoring of Lloyd’s Realistic Disaster Scenarios.
- Contribute new ideas and concepts to support the development and delivery of the business plan.
- Work with the integrated business unit (e.g. Claims, Actuarial, Finance, Portfolio Management etc.) to achieve objectives.
Delivery
- Deliver the Energy London business plan and objectives.
- Establish and promote strong relationships with brokers, industry bodies, business partners, reinsurers and colleagues, to maximise influence and achieve business objectives.
- Represent Liberty’s interests with internal and external groups, and through participation in industry forums and corporate activity to safeguard or enhance Liberty’s market position.
- Proactively share technical line of business knowledge and best practice with colleagues across the globe who underwrite for the same line of business.
- Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including; (i) Negotiating rates, terms and conditions for existing and new business (ii) 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 new business development opportunities including across different classes of business.
- 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.
- Comply with 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.
People Management
- Provide direction and support to direct reports ensuring that individuals are aligned to business objectives.
- Motivate and develop the team by demonstrating good leadership behaviours and management best practice.
- Manage performance of direct reports in accordance with the company’s performance process.
Skills and Experience:
- Extensive experience working in the Energy Insurance sector and comprehensive knowledge of Energy and Power Customers.
- Experience within both Power and Renewable market sectors.
- Advanced knowledge of legal and regulatory requirements.
- Highly numerate with an analytical and enquiring mind set, ability to develop a range of options and communicate these in an engaging and compelling way at the appropriate level for senior stakeholders.
- Well-rounded interpersonal and communication skills.
- Ability to analyse and use data for decision making.
- Comprehensive negotiation skills.
- Proven ability making risk-based decisions under time constraints.
- Self-starter with a track record of challenging the status quo and identifying opportunities for process improvement and capacity creation.
- Desirable – Degree in Engineering, Physics or Mathematical discipline, relevant professional accreditation and/or evidence of continuing professional development.
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).
- A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
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