Assistant Underwriter in Hamilton

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.