Underwriter – US Programs in London

Job Title: Underwriter – US Small Business

Specialty Risks: Specialty Risks

Key Relationships: Brokers, underwriters, claims, wordings, insureds, external clients and suppliers

Job SummaryTo underwrite a US General Liability account with focus on mid‐market to large commercial risks and Program Business within Specialty Risks 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.

Key ResponsibilitiesUnderwriting

Develop and underwrite a profitable portfolio of US Small Business business as part of Specialty Risks.

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.

Manage innovation and development of non‐insurance service offerings to insureds and others.

Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.

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 peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the US Small Business

Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Specialty Risks.

Comply with Beazley\’s underwriting control standards for business written through Lloyd\’s, Beazley\’s subsidiaries or internal MGAs.

Develop a good working relationship with the claims managers on this class of business.

Client Management

Advise, assist and service clients on insurance and risk matters to ensure clients\’ satisfaction.

Foster positive relationships with clients to get a mutual understanding of both their and Beazley\’s needs.

Maintenance ofgood business relationships with brokers.

Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.

General

Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.

Develop best practice and disseminate business and class knowledge within US Small Business and Specialty Risks.

Work with peers within the US Small Business and Specialty Risks to maximise business opportunities and profitability within the department. 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 across the Group.

Production of presentations and marketing literature as required.

Production of business plans/research documents for the US Small Business account 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.

Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability 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 People & Sustainability 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 SpecificationEssential Criteria

Experience in insurance industry

Experience of US Small Business underwriting or broking

Proficient underwriting skills

Skills & Abilities

Accurate and numerate

Strong analytical skills with attention to detail

Able to communicate effectively with others, both verbally and in writing

Ability to manage time, meet deadlines and prioritise

Motivational skills

Knowledge & Experience

General commercial and financial knowledge

Thorough knowledge of underwriting policy, philosophy and practice

Advanced knowledge of underwriting processes and systems

Client service experience

Aptitude & Disposition

Result focused, self‐motivated, flexible and enthusiastic

Professional approach to interact successfully with managers/colleagues/external suppliers

Team worker as well as able to work on own initiative

Customer focused, with a strong ethic of service and fairness to the customer

Competencies

Achievement drive

Analytical thinking

Strategic thinking

Service focus

Team working

Conceptual thinking

Forward thinking

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