At a Glance
- Tasks: Support Underwriters by reviewing business, approving changes, and managing account activities.
- Company: Beazley, a leading insurance firm with a dynamic culture.
- Benefits: 12-month contract, professional development, and a collaborative work environment.
- Why this job: Join a team that values integrity and teamwork while making an impact in the cyber insurance space.
- Qualifications: Fluency in Italian and strong analytical skills required.
- Other info: Ideal for self-motivated individuals looking to grow in the insurance industry.
The predicted salary is between 30000 - 42000 Β£ per year.
Must speak Italian fluently.
Division: Underwriting Operations
Reports To: As per Beazley Org Structure
Key Relationships: Underwriters, Brokers, Underwriting Assistants, UCO, and external clients and suppliers.
Job Summary: To provide support and assistance to Underwriters by reviewing new and renewal business, approving policy changes, and managing account activities throughout the underwriting process.
Key Responsibilities
- Undertake lower complexity tasks that have traditionally sat within Underwriting, that require a UAL in order to administer.
- Ensuring underwriting controls are present and completed within the agreed SLA for all risks that you have underwritten.
- Triage submissions including Vulnerability scanning and Ransomware Application checks.
- Manual population of Beazley Quote Tools.
- Produce Quote Documentation as per the underwriting guidelines.
- Assist Underwriters with risk analysis, consistent with underwriting guidelines.
- Make underwriting decisions, within pre-defined limits and revenue thresholds.
- Confirm pricing and binding conditions are met.
- Attend underwriting training and meetings as appropriate.
- Other duties assigned from time to time.
- Establishing and developing broker relationships with stakeholders that consistently submit low complexity business to Beazley.
- Ensuring any delegated authority business is only underwritten via approval from Beazley when outside of the exception terms.
- Ensuring any underwriting decisions made that exceed your UAL are appropriately referred and signed off prior to binding.
Broker/Client Interaction
- Provide professional service to brokers via email, telephone, and face to face.
- Serve as the first point of contact for customer inquiries during the account life cycle.
- Maintain and develop key relationships by responding to all client queries in a timely and accurate fashion.
General
It is important that within all your interactions both internally and externally you adhere Beazleyβs 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
- 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.
- Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People 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.
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.
Personal Specification
This role requires someone result focused, self-motivated, flexible and enthusiastic. This role would be ideal for somebody with a professional approach to interact successfully with other clients, building relationships and an ability to negotiate with both internal and external parties.
Skills And Abilities
- Fluency in English and other languages based on regional business requirements.
- Demonstrated ability to build relationships with a wide range of stakeholders.
- Accurate and numerate.
- Computer skills β good working knowledge of MS Office.
- Strong analytical skills with attention to detail.
- Effective communication skills (written, verbal, active listening).
- Ability to manage time, meet deadlines and prioritise.
Knowledge and Experience
- Proven administrative experience, preferably within the insurance or financial services sectors.
- Proven background in accurate, high volume data entry.
- Underwriting Assistant experience is advantageous.
Competencies
- Achievement drive.
- Analytical thinking.
- Information seeking.
- Customer focus.
- Initiative.
- Collaborative.
- Problem solving.
- Detail oriented.
- Team working.
- Time management.
- Relationship development.
- Effective communication.
Aptitude and Disposition
- Result/outcome focused, self-motivated, flexible and enthusiastic.
- Ability to negotiate with both internal and external parties.
- Professional approach to interact successfully with managers/colleagues/external suppliers.
- Team worker and also able to work on own initiative.
- Values continuous personal and professional development.
Assistant Underwriter - Cyber in Birmingham employer: myGwork - LGBTQ+ Business Community
Contact Detail:
myGwork - LGBTQ+ Business Community Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Assistant Underwriter - Cyber in Birmingham
β¨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at Beazley or similar companies. A friendly chat can open doors and give you insights that job descriptions just can't.
β¨Tip Number 2
Prepare for interviews by practising common questions related to underwriting and cyber risks. We recommend role-playing with a friend or using online resources to get comfortable with your responses.
β¨Tip Number 3
Show off your language skills! Since fluency in Italian is a must, make sure to highlight this in conversations and during interviews. It could be the key to standing out from other candidates.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at Beazley.
We think you need these skills to ace Assistant Underwriter - Cyber in Birmingham
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the Assistant Underwriter role. Highlight any relevant experience in underwriting or insurance, and donβt forget to mention your fluency in Italian β itβs a must for this position!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why youβre passionate about underwriting and how your skills align with Beazleyβs core values. Keep it professional but let your personality show through.
Showcase Your Skills: In your application, be sure to showcase your analytical skills and attention to detail. Mention any experience you have with data entry or risk analysis, as these are key for the role. We want to see how you can contribute to our team!
Apply Through Our Website: We encourage you to apply directly through our website. Itβs the best way to ensure your application gets into the right hands. Plus, it shows youβre proactive and keen to join our team at StudySmarter!
How to prepare for a job interview at myGwork - LGBTQ+ Business Community
β¨Know Your Underwriting Basics
Before the interview, brush up on your understanding of underwriting processes, especially in the cyber insurance space. Familiarise yourself with key terms and concepts like vulnerability scanning and ransomware applications, as these will likely come up during your discussion.
β¨Showcase Your Language Skills
Since fluency in Italian is a must, be prepared to demonstrate your language skills during the interview. Practice answering common interview questions in Italian to show your confidence and proficiency, which will impress the interviewers.
β¨Prepare for Relationship Building Questions
Expect questions about how you would develop relationships with brokers and clients. Think of examples from your past experiences where you successfully built rapport or resolved conflicts, as this role heavily relies on effective communication and relationship management.
β¨Emphasise Your Attention to Detail
Given the importance of accuracy in underwriting, be ready to discuss how you ensure precision in your work. Share specific examples of how you've managed high-volume data entry or maintained quality control in previous roles to highlight your detail-oriented nature.