Job Description
General Job Title: Assistant Underwriter – Property Risks Division: Property Risks Reports To: As per Beazley’s organisation chart Key Relationships: Brokers, Head of Business Unit, Underwriters, Claims Staff, Coverholders, external Clients and suppliers Job Summary: To provide underwriting support to the Property team and ensure that the administrative processes are run as efficiently as possible to serve both internal and external clients
Key Responsibilities: Underwriting Assist underwriters to evaluate and assess risk in order to impose precise terms and conditions required for renewals and endorsements to optimise underwriting profit
Assist underwriters to structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing
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
Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level
Comply with Beazley’s global underwriting control standards
Underwriting Support Support the underwriters in the delivery of an effective and efficient administration service
Support underwriting risk assessment process
Review underwriting bordereaux and/or certificates
Accurately process, scan and monitor risk and data entries to ensure information is up to date
Prepare and provide statistics and information in order to serve the requirements of the Underwriters and clients
Produce ad hoc reports for the underwriters and other members of staff when requested
Interact with the underwriting support functions, such as claims, risk, compliance, to source information when necessary
Broker/Client Interaction Liaise with brokers and other key partners in order to develop business relationships
Respond to client queries in an accurate and timely fashion to develop the brand image of Beazley
Provide a professional service to Brokers in person, by email and on the telephone Chase renewal accounts by contacting brokers
General Undertake any other reasonable duties as may be requested by the underwriting team
Participate in cross-team and intra-team projects as required Share knowledge with the underwriting community and the Beazley network to ensure dissemination of best practice
Assist with the production of presentations and marketing literature as required
It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers
We also expect Beazley employees to: Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct rules
Comply with local procedures, policies and regulatory requirements
Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either 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 Culture & 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
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: Knowledge & Experience Proven experience in a similar role in the insurance industry, ideally experience in reinsurance Client service experience advantageous Skills & Abilities Strong administrative skills Strong computer skills – Intermediate-Advanced Word, Excel and Outlook Ability to communicate effectively with others, both verbally and in writing Ability to manage own time, meet deadlines and prioritise work Attention to detail Accurate and numerate Aptitude & Disposition Self-motivated Outcome focused Flexible and enthusiastic Team worker with the ability to work on own initiative