Faculty even-handed bringing in Liberal (5)
I believe the answer is:
flair
'faculty' is the definition.
(both can mean talent)
'even-handed bringing in liberal' is the wordplay.
'even-handed' becomes 'fair' (I've seen this in another clue).
'bringing in' means one lot of letters goes inside another.
'liberal' becomes 'l' (abbreviation).
'fair' going around 'l' is 'FLAIR'.
(Other definitions for flair that I've seen before include "Stylishness; talent" , "Style, talent" , "Natural talent or panache" , "Natural talent and aptitude" , "Stylishness, originality" .)