Underwriter - Beazley Digital

Job description and person specification Job Title: Underwriter

• Advanced knowledge of underwriting processes and systems
• Structure solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing; while taking into account the most effective method of distribution whether by e-trading or delegation or open market.
• Team worker as well as able to work on own initiative
• Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the Digital account.
• Production of business plans/research documents for the 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
• Client service experience Aptitude and Disposition
• Advise, assist and service clients on insurance and risk matters to ensure clients' satisfaction.
• Result focussed, self-motivated, flexible and enthusiastic
• Proficient underwriting skills
• Ability to manage time, meet deadlines and prioritise
• Customer focused, with a strong ethic of service and fairness to the customer Competencies
• Foster positive relationships with clients and brokers to get a mutual understanding of both their and Beazley's needs. General
• Production of presentations and marketing literature as required.
• 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.
• Develop best practice and disseminate business and class knowledge within the team and Beazley Digital.
• Service focus
• 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, Culture and People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Professional approach to interact successfully with managers/ colleagues/ external suppliers
• Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable.
• Accurate and numerate
• Excellent business development skills
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture and People 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's underwriting control standards, Beazley's claims control standards, other Beazley standards and customer relationship management.
• Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability within the Group.
• Computer skills - good working knowledge of MS Office, advanced Excel skills
• Thorough knowledge of underwriting policy, philosophy and practice
• Develop a good working relationship with the claims managers on this class of business. Client Management
• Team working
• Achievement drive
• Conceptual thinking This document is subject to review after consultation with your Manager. This employer is a corporate member of myGwork
• 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: Skills and Abilities
• PIED and Being Beazley.
• General commercial and financial knowledge
• Strong analytical skills with attention to detail
• Strong relationship management skills
• Motivational skills
• Develop and underwrite a profitable portfolio of digitally distributed business.
• Analytical thinking
• Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.
• Strategic thinking
• Experience of underwriting or broking
• Forward thinking
• Extensive experience in insurance industry
• Monitor premiums, costs and claims ratios and take corrective measures if necessary, to ensure long term profitability.
• Work with peers to maximise business opportunities and profitability within the department; active knowledge sharing and strategic alignment with Digital Underwriting, Technology and Operations teams. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
• Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Beazley Digital and with other relevant trading teams. Comply with Beazley's underwriting control standards for business written through Lloyd's, BIdac or Beazley's internal MGAs.
• Beazley Digital Division: Beazley Digital Reports To: As per Beazley's organisation chart Key Relationships: Brokers, own staff, underwriters, operations, and technology team and other supporting staff from Beazley Group, external clients and suppliers Job Summary: To underwrite a small business cyber, tech and miscellaneous E&O account within the Beazley Digital team and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand. To work in close partnership with the colleagues in Beazley Digital Technology and Operations to form a true cross functional team. Key Responsibilities: Underwriting
• Able to communicate effectively with others, both verbally and in writing
• Good people management skills Knowledge and Experience
• LGBTQ+ professionals, the business community for LGBTQ+ professionals, students, inclusive employers & anyone who believes in workplace equality.