Senior Underwriter

Role Title: Senior Underwriter

Line of Business: Construction (EAR / CAR / ALOP)

Location: Madrid (Spain)

Type: Permanent

KEY PURPOSE OF ROL

E

As part of the Construction team, you will be responsible for underwriting profitable new and renewal business in accordance with underwriting guidelines and your delegated authority. You will manage a portfolio of key clients and accounts, negotiate terms and conditions, and contribute to achieving regional targets for the Construction Line of Busines

s.

You will work closely with brokers and clients, in coordination with the distribution and client relationship teams, to strengthen partnerships and support business developme

nt.

KEY RESPONSIBILI

TIES

Strategy and Pla

• nningSupport the development and execution of the annual business plan within defined risk tolera
• nces.Actively participate in team and cross-functional meetings to share strategy, insights, and best pract
• ices.Propose innovative ideas to drive business growth and improve portfolio qua
• lity.Monitor the performance of the construction portfolio, identifying trends, loss drivers, and areas for improve
• ment.Contribute to reinsurance placement and treaty discussions when requ

ired.

De

• liveryContinually develop expertise and technical knowledge through appropriate development initia
• tives.Underwrite insurance risks in line with the business plan and within personal underwriting authority to achieve business objectives. This inc
• ludes:o Negotiating rates, terms, and conditions for both new and renewal bus
• iness.o Ensuring compliance with the production and issuance of documentation in accordance with contract certainty require
• ments.Assess energy and construction risks by reviewing technical documentation such as project specifications, execution timelines, contractor profiles, and engineering de
• tails.Collaborate closely with Risk Engineers to ensure robust technical evaluation and deliver added underwriting
• value.Determine appropriate terms, conditions, and pricing in line with underwriting guidelines and app
• etite.Establish and strengthen relationships with brokers, industry bodies, business partners, reinsurers, and colleagues to maximise influence and achieve business objec
• tives.Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business perfor
• mance.Contribute to and influence the review and analysis of the portfolio to identify progress towards business objec
• tives.Ensure entries are properly recorded onto relevant systems in a timely manner, ensuring accuracy of data related to both underwriting and aggregate expo
• sures.Collaborate proactively with other lines of business to identify cross-selling opportunities and deliver integrated insurance solutions that meet client
• needs.Share market insights and underwriting expertise to support multi-line account strategies and strengthen client relation
• ships.Participate in joint meetings and account reviews to ensure alignment across underwriting teams and maximize commercial i

mpact.

Policy, Process and Pro

• ceduresCompliance with all applicable internal and external laws, regulations, policies, procedures and g
• uidanceAdhere to underwriting standards, instructions and best practice methodology in order to minimi
• se riskApply any reinsurance requirements in accordance with stated risk tolerances and to deliver against busine
• ss planDemonstrate behaviors aligned with Liberty's Conduct Risk Policy, including compliance with Solvency II, fair treatment of customers, financial crime prevention, data protection, conflict of interest management, and whistleb
• lowing.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 Whistleb

lowing.

KNOWLEDGE, SKILLS & EX

• PERIENCE:

Extensive knowledge of market conditions in construction and energy
- insurance.Extensive underwriting experience in Civil/CAR
- /EAR RisksStrong technical knowledge of construction and erect
- ion risks.Proven ability to manage complex accounts and build long-term client rela
- tionships.Strong knowledge of legal and regulatory re
- quirementsAbility to analyse and use data for decis
- ion makingIntermediate/ advanced level understanding of relevant software including Excel and other departmental softwar
- e packagesStrong numeracy and literacy skills, enabling accurate analysis, documentation, and communication of underwriting
- decisions.Excellent interpersonal and communication skills, with the ability to build trust, influence stakeholders, and collaborate effectively acr
- oss teams.Strong analytical skills. Ability to analyse and use data for decis
- ion makingStrong negotiation skills, with the ability to influence outcomes and secure favora
- ble terms.Well-established relationships with brokers and clients, contributing to business development and
- retention.Strong organisational and prioritisation skills, with the ability to manage multiple tasks and deadlines effectively in a dynamic underwriting en
- vironment.Degree or equivalent qualification desired, preferably in Engineering or a related technical d
- iscipline.Significant experience gained within the insuranc
- e industryUse of risk profiling and pricing tools and l
- oss modelsPassion about your d
- evelopmentTaking initiative and being proactive withi
- n the teamFluent in English a

nd Spanish

ABOUT LIBERTY SPECIALTY MA

RKETS (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 ma

jor 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 collea

• gues through:

Offering a vibrant and inclusive environment and committing to their caree
- r development.Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusiv
- e environment.Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our am
- bitious goals.A supportive culture, which includes promoting a healthy work-life balance and wor

king flexibly.

For more information, please follow t

he links

/working-for-

y-and-inclusion