At a Glance
- Tasks: Lead and manage broker facilities, ensuring performance and compliance.
- Company: Join Beazley, a leader in insurance with a commitment to innovation and excellence.
- Benefits: Enjoy competitive pay, career development opportunities, and a collaborative work culture.
- Why this job: Shape the future of underwriting while working with diverse teams and cutting-edge technology.
- Qualifications: Experience in underwriting and broker facility management is essential; strong analytical skills required.
- Other info: Embrace Beazley's core values: Being Bold, Striving for Better, and Doing the Right Thing.
The predicted salary is between 72000 - 100000 £ per year.
General
Job Title: Head of Broker Facilities– Portfolio Underwriting
Division: Portfolio Underwriting
Reports To: Head of Portfolio Underwriting
Key Relationships : Portfolio Underwriting Team, Underwriters, Head of Third-Party Capital, Pricing and Reserving Actuaries, Capital Team, Claims Team, Finance, Exposure Management, Operations, Data Management, Brokers and Reinsurance Brokers
Job Summary:
The Head of Broker Facilities plays a pivotal role within the Portfolio Underwriting division, with end-to-end ownership of a diverse suite of broker-led facilities. This includes large cross-class facilities such as Aon Client Treaty, Marsh FastTrack, Ardonagh Lectio, Amwins Amplify, and McGill & Partners Auton, as well as approximately 25 single-class broker facilities. The role is responsible for underwriting oversight, performance monitoring, broker relationship management, data and analytics, and regulatory compliance. It also includes line management of a team of 3–4 underwriters and underwriting assistants.
The successful candidate will bring deep technical expertise, strategic thinking, and strong leadership to ensure the facilities are aligned with Beazley’s underwriting strategy, deliver profitable growth, and meet operational and regulatory standards.
Key Responsibilities:
Underwriting & Portfolio Management
- Lead the development, underwriting, and performance management of all broker facilities within the portfolio.
- Monitor and manage key performance indicators including EPI, acquisition costs, claims ratios, indexation, and adoption by class.
- Oversee the design, launch, and optimisation of new broker facilities in collaboration with brokers and internal stakeholders.
- Ensure underwriting practices align with Beazley’s control standards and Lloyd’s requirements, including the 9000 consortium model.
- Maintain a strong understanding of catastrophe modelling, exposure management, and reserving practices across all relevant classes.
Leadership & Team Management
- Manage and develop a team of underwriters and assistants, providing coaching, performance management, and career development.
- Set clear objectives and foster a collaborative, high-performance culture within the team.
- Drive innovation in facility design and underwriting practices, leveraging emerging technologies and data analytics to enhance performance and efficiency
Stakeholder Engagement
- Act as a key liaison between Portfolio Underwriting and internal functions including operations, compliance, actuarial, finance, and data teams.
- Build and maintain strong relationships with facility brokers and reinsurance brokers to ensure alignment and mutual success.
- Work closely with claims managers to ensure effective claims handling and reserving processes.
Business Strategy & Governance
- Support the Head of Portfolio Underwriting in business planning, outward reinsurance, and third-party capital initiatives.
- Shape and communicate a long-term vision for broker facilities, aligning underwriting strategy with broader business objectives and market dynamics
- Act as the gatekeeper for all financial and performance data related to broker facilities, ensuring timely and accurate reporting.
- Lead or contribute to strategic projects, governance forums, and working groups as required.
General
- Promote knowledge sharing across underwriting teams to drive consistency, innovation, and continuous improvement.
- Contribute to the development of marketing materials, presentations, and internal communications to support the broker facilities strategy.
It is important that within all your interactions both internally and externally you adhere 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 Specification:
Skills and Abilities
- Excellent communication, presentation, and stakeholder management skills.
- Strong analytical and problem-solving capabilities, including the ability to interpret MI and translate data into underwriting insights.
- Intermediate to advanced Excel and Power BI skills; familiarity with VIPR advantageous.
- Strong organisational and facilitation skills; able to manage multiple priorities and deadlines.
- Strategic thinker with the ability to translate vision into actionable plans.
- Comfortable working across multi-cultural and multi-location teams.
Knowledge and Experience
- Deep understanding of underwriting at a portfolio level across multiple classes and territories.
- Experience in broker facility design, development, and performance management.
- Understanding of pricing and reserving methodologies, catastrophe modelling, and exposure management.
- Working knowledge of reinsurance structures (e.g., Stop Loss, Cat XOL, Facultative).
- Solid understanding of regulatory and compliance requirements in the London Market.
Aptitude and Disposition
- Outcome-focused, self-motivated, and enthusiastic.
- Customer service mindset with a collaborative approach.
- Flexible and adaptable, with willingness to travel as required.
Competencies
- Achievement Drive
- Analytical & Strategic Thinking
- Service Focus
- Collaborative / Team Player
- Forward & Conceptual Thinking
- Open to Challenging the Status Quo
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Head of Broker Facilities employer: Beazley
Contact Detail:
Beazley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Broker Facilities
✨Tip Number 1
Network with professionals in the insurance and underwriting sectors, especially those involved with broker facilities. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with the specific broker facilities mentioned in the job description, such as Aon Client Treaty and Marsh FastTrack. Understanding their unique features and performance metrics will help you demonstrate your knowledge during interviews.
✨Tip Number 3
Showcase your leadership skills by discussing any previous experience managing teams or projects. Highlight how you foster collaboration and drive performance, as these are key aspects of the Head of Broker Facilities role.
✨Tip Number 4
Stay updated on regulatory changes and compliance requirements within the London Market. Being well-versed in these areas will not only enhance your credibility but also show your commitment to maintaining high standards in underwriting practices.
We think you need these skills to ace Head of Broker Facilities
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting and broker facilities. Emphasise your leadership skills and any specific achievements that align with the responsibilities of the Head of Broker Facilities role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Discuss how your strategic thinking and analytical skills can contribute to the success of the Portfolio Underwriting division. Be specific about your experience with broker relationships and performance management.
Highlight Key Skills: Focus on showcasing your communication, presentation, and stakeholder management skills. Mention your proficiency in data analysis tools like Excel and Power BI, as well as your understanding of regulatory compliance in the London Market.
Showcase Leadership Experience: Since the role involves managing a team, provide examples of your leadership experience. Discuss how you've developed teams, set objectives, and fostered a high-performance culture in previous roles.
How to prepare for a job interview at Beazley
✨Showcase Your Leadership Skills
As the Head of Broker Facilities, you'll be managing a team. Be prepared to discuss your leadership style and provide examples of how you've successfully developed and motivated teams in the past.
✨Demonstrate Technical Expertise
This role requires deep technical knowledge in underwriting and portfolio management. Brush up on your understanding of catastrophe modelling, exposure management, and pricing methodologies to impress during the interview.
✨Prepare for Stakeholder Engagement Questions
You'll need to build strong relationships with various stakeholders. Think of specific instances where you've successfully engaged with brokers or internal teams, and be ready to share these experiences.
✨Align with Company Values
Familiarise yourself with Beazley’s core values: Being Bold, Striving for Better, and Doing the Right Thing. Be ready to discuss how you embody these values in your professional life and how they influence your decision-making.