Assistant Underwriter - Portfolio Underwriting
Job Title: Assistant Underwriter – Portfolio Underwriting
Division: MAP Risks (Portfolio Underwriting)
Reports To: Head of Broker Facilities
Key Relationships: Head of Broker Facilities, Head of Digital Follow Underwriting, Group underwriters, Head of Third-Party Capital, Pricing and Reserving Actuaries, Capital Team, Claims Team, Finance, Exposure Management, Operations, Data Management, Brokers and Reinsurance Brokers, Partner Engagement, Coverholders and External clients.
Job Summary: To support all portfolio underwriting activities, underwrite allocated renewal accounts across a diversified multi-line portfolio, executing the strategy set by Heads of Portfolio Underwriting to achieve business plan KPI’s. Develop expert judgement through close collaboration with experienced stakeholders to build out technical expertise on one or more classes of business. Work closely with brokers to maintain and improve market reputation of the Beazley brand. Support the provision of management information and financial reporting for BST. Responsible for training team underwriting assistants and operations personnel as required.
Key Responsibilities:
Underwriting
- Manage the underwriting and post bind account management of allocated accounts, support as second (or third) underwriter on accounts which focus on classes that your objectives state are target development product lines.
- Develop a clear understanding of BST underwriting parameters and underwriting policy, develop underwriting knowledge and experience from more experienced stakeholders.
- Identify new business opportunities aligned with risk appetite and supporting the team as required in assessing these.
- Monitor KPI’s across the portfolio and discuss with stakeholders if potential corrective measures are necessary, to ensure long-term profitability at an account of class level.
- Comply with Beazley’s underwriting control standards.
- Develop a strong working relationship with the claims team on all classes of business underwritten by Beazley Smart Tracker.
- Maintain a good working relationship with facility brokers and external clients.
General
- Responsible for training future Underwriting Assistants and operations personnel as required to maintain business continuity, supporting with these tasks directly as required during peak times or un-covered absences.
- Support the maintenance of all business process guides.
- Manage and perform ad hoc projects as required, taking responsibility for their delivery.
- Become an expert user of the SMARTIE Analytics Tool and knowledge of other PU Data tools. Responsibility will include supporting team members using this tool effectively. Proactively support tool enhancement, identify and understand any data deficiencies.
- Promote active knowledge sharing and strategic alignment with other Beazley underwriting teams. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
- Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability within the Group.
- Production of presentations and marketing literature as required.
- Production of business plans/research documents for the BST account as required.
At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours – PIED and Being Beazley.
- Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
- Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct Rules. Undertake training on Beazley policies and procedures as delivered by your line manager, the Talent Management development or assurance teams (compliance, risk, internal audit) directly, via e learning or the learning management system.
- Display business ethics that uphold the interests of all our customers.
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley is underwriting control standards, and Beazley’s claims control standards, other Beazley standards and customer relationship management.
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification:
Education and Qualifications
- Graduate level / Bachelor’s Degree education preferred
Skills and Abilities
- Excellent communication and presentation skills
- Knowledge of and ability to produce and analyse MI (Management Information)
- Strong administrative/organisational skills
- Strong negotiation skills
- Strong business analysis and problem-solving skills, including business process review toolset
- Able to understand and articulate the strategic “big picture”
- Able to work with multi-cultural and multi-location teams and to generate enthusiasm and drive
- Must have the ability to facilitate the transition from conceptual thinking to practical project proposals (quickly and pragmatically)
- Ability to work under pressure and to tight deadlines
- Attention to detail to ensure work is performed to high quality and accuracy
- Computer literate
Knowledge and Experience
- Solid experience of Insurance (London Market preferred)
- Experience in working in cross functional groups and working alongside actuaries
- Experience in liaising with peer group and senior staff internally and externally
Aptitude and Disposition
- Customer service focused
- Outcome focussed, self-motivated, flexible and enthusiastic
- Flexibility to travel as the role requires.
Competencies
- Achievement drive
- Analytical thinking
- Strategic thinking
- Service focus
- Team working
- Forward thinking
- Conceptual thinking
