Head of Underwriting Management, Property Risks (London)
Head of Underwriting Management, Property Risks (London)

Head of Underwriting Management, Property Risks (London)

London Full-Time 150000 - 225000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead the underwriting management team and develop business strategies for Property Risks.
  • Company: Beazley is a specialist insurance company with over 30 years of experience in risk management.
  • Benefits: Enjoy flexible working, competitive pay, generous PTO, and support for personal development.
  • Why this job: Join a collaborative culture that values diversity and empowers you to thrive and innovate.
  • Qualifications: Graduate level education preferred; extensive experience in property insurance or reinsurance required.
  • Other info: Internal career progression opportunities and various employee networks for support and development.

The predicted salary is between 150000 - 225000 £ per year.

This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.

General

Job Title: Head of Underwriting Management, Property Risks

Member of the Property Risks Leadership Group

Division: Property Risks

Reports To: As per Beazley's organisation chart

Key Relationships: Brokers, Underwriters, Claims, Various Property Management teams, own staff, external clients and suppliers.

Job Summary: Underwriting Manager with responsibility for all aspects of the Underwriting Management unit within Property Risks.

FLSA: Exempt

Key Responsibilities:

  • Strategic direction and ideas for the Property Risks business.
  • Lead underwriting management team including :
  • Underwriter Training
  • Product development
  • Liaise with Regulatory and Compliance
  • Directly manage:
  • Various roles that may be created in support of this team/function
  • Participant in media opportunities and thought leadership/marketing.
  • Support Head of Property Risks with provision for the following services:
  • Pricing
  • Wordings
  • Intelligence network
  • Outwards reinsurance
  • Management information
  • Claim actuarial
  • Pre-peer review
  • Peer review
  • Reinsurance
  • PDEMG/CMOG (aggregate/optimization) actions
  • Develop and help to implement business strategies for the unit in agreement with Head of Property Risks.
  • Manage the underwriting activities of the Property Risks division to comply with relevant company, regulatory and legal requirements.
  • Monitor the portfolio and suggest corrective measures as required to enhance the profitability.
  • Review the underwriting portfolio and to highlight any issues arising.

Staff

  • Ensure that staff have terms of reference setting out their responsibilities and reporting lines.
  • Ensure that all employees have the knowledge and the skills necessary to perform effectively in their given roles and responsibilities.
  • Ensure that people are recruited, deployed and developed to anticipate and meet current and future needs.
  • Discipline within the Beazley Group guidelines members of staff contravening regulations per 'handbook' or underwriting guidelines as required.

General

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 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, FCA and or other regulatory 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) 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 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'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:

Education and Qualifications

  • Graduate level education preferred.

Skills and Abilities

  • Comprehensive understanding of legislative and competitive environments
  • Thorough knowledge of underwriting process
  • Understanding of business strategy and the work of other departments within the organisation
  • Computer skills – good working knowledge of MS Office, advanced Excel skills
  • Able to communicate effectively with others, both verbally and in writing
  • Motivational skills, team worker as well as able to work on own initiative
  • The ability to manage time, meet deadlines and prioritise
  • Accurate and numerate
  • Strong analytical skills with attention to detail
  • Good management skills

Knowledge and Experience

  • General commercial and financial knowledge
  • Extensive experience in insurance industry
  • Extensive experience of Property insurance/reinsurance underwriting or broking
  • Client service experience

Aptitude and Disposition

  • Outcome focused, self-motivated, flexible and enthusiastic
  • Professional approach to interact successfully with managers/colleagues/external suppliers

Competencies

  • Integrity
  • Team building & working
  • Customer focus
  • Resilience
  • Technical competence/expertise
  • Business/financial acumen
  • Active listening
  • Developing people
  • Achievement drive
  • Analytical thinking
  • Conceptual thinking

Who We Are:

Beazley is a specialist insurance company with over 30 years' experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.

Our Culture

We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee's diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.

  • Be bold
  • Strive for better
  • Do the right thing

Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us – our ambitious inclusion & diversity and sustainability targets are testament to this.

We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.

Explore a variety of networks to assist with professional and/or personal development. Our Employee Networks include:

  • Beazley RACE – Including, understanding and celebrating People of Colour
  • Beazley SHE – Successful, High potential, Empowered women in insurance
  • Beazley Proud – Our global LGBTQ+ community
  • Beazley Wellbeing – Supporting employees with their mental wellbeing
  • Beazley Families – Supporting families and parents-to-be

We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as:

  • Internal Pathways (helping you grow into an underwriting role)
  • iLearn (our own learning & development platform)
  • LinkedIn Learning
  • Mentorship program
  • External qualification sponsorship
  • Continuing education and tuition reimbursement
  • Secondment assignments

The Rewards

  • The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization
  • Attractive base compensation and discretionary performance related bonus
  • Competitively priced medical, dental and vision insurance
  • Company paid life, and short- and long-term disability insurance
  • 401(k) plan with 5% company match and immediate vesting
  • 22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs
  • Up to $700 reimbursement for home office setup
  • Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance
  • Up to 26 weeks of fully paid parental leave
  • Up to 2.5 days paid annually for volunteering at a charity of your choice
  • Flexible working policy, trusting our employees to do what works best for them and their teams

Salary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is $230,000 – $325,000 per year plus]]> <

Head of Underwriting Management, Property Risks (London) employer: Beazley Management Limited

Beazley is an exceptional employer that fosters a collaborative and inclusive work culture, empowering employees to thrive in a flexible environment. With a strong commitment to professional development, including internal career progression and diverse employee networks, Beazley offers competitive compensation and comprehensive benefits, making it an ideal place for those seeking meaningful and rewarding careers in the insurance industry.
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Contact Detail:

Beazley Management Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Head of Underwriting Management, Property Risks (London)

✨Tip Number 1

Network with professionals in the property insurance sector. Attend industry events, webinars, and conferences to meet potential colleagues and learn about the latest trends. This can help you gain insights into what Beazley values in their candidates.

✨Tip Number 2

Familiarise yourself with Beazley's culture and values. Understanding their commitment to professionalism, integrity, and teamwork will allow you to align your approach during interviews and discussions, showcasing that you're a good fit for their environment.

✨Tip Number 3

Stay updated on regulatory changes affecting the property insurance market. Being knowledgeable about compliance and regulatory issues will demonstrate your expertise and readiness to manage underwriting activities effectively.

✨Tip Number 4

Prepare to discuss your strategic vision for the underwriting management unit. Think about how you would lead a team, implement business strategies, and contribute to Beazley’s goals, as this role requires strong leadership and strategic thinking skills.

We think you need these skills to ace Head of Underwriting Management, Property Risks (London)

Underwriting Management
Property Insurance Knowledge
Regulatory Compliance
Strategic Planning
Team Leadership
Training and Development
Communication Skills
Business Acumen
Financial Analysis
Data Management
Problem-Solving Skills
Stakeholder Engagement
Project Management
Adaptability
Collaboration Skills
Ethical Judgement

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in underwriting management, particularly within property risks. Use specific examples that demonstrate your leadership skills and strategic thinking.

Craft a Compelling Cover Letter: In your cover letter, express your understanding of Beazley's culture and values. Discuss how your background aligns with their mission and how you can contribute to the Property Risks division.

Showcase Relevant Skills: Emphasise your advanced Excel skills and any other computer skills that are relevant to the role. Mention your ability to communicate effectively and your experience in team building and management.

Highlight Continuous Learning: Mention any ongoing education or training you've undertaken that relates to underwriting or compliance. This shows your commitment to professional development and staying updated with industry standards.

How to prepare for a job interview at Beazley Management Limited

✨Understand the Company Culture

Before your interview, take some time to research Beazley's culture and values. Familiarise yourself with their commitment to professionalism, integrity, and teamwork. This will help you align your answers with what they value most.

✨Showcase Your Leadership Skills

As a Head of Underwriting Management, you'll need strong management skills. Prepare examples from your past experiences where you've successfully led teams, implemented strategies, or improved processes. Highlight your ability to motivate and develop others.

✨Demonstrate Industry Knowledge

Make sure you're up-to-date with the latest trends in property insurance and reinsurance. Be ready to discuss how these trends could impact Beazley and how you would adapt the underwriting strategy accordingly.

✨Prepare for Regulatory Questions

Given the importance of compliance in this role, be prepared to discuss your understanding of regulatory requirements and how you've ensured compliance in previous positions. This shows that you can navigate the complexities of the industry effectively.

Head of Underwriting Management, Property Risks (London)
Beazley Management Limited
B
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