Job Title: Underwriter Manager - Delegated US Specialty Programmes
Specialty Risks: Specialty Risks
Key Relationships: Brokers, underwriters, claims, wordings, insureds, external clients and suppliers
Summary
Hiring for a Delegated Underwriter Manager to work as part of the UW team. The person will work closely with Underwriters, Product Leaders and Focus Group Leader to maintain effective running of the existing and newly onboarded business, facilitating business development and growth. This role is new to the team and will develop both based on the team need and the successful applicants skills. Possible expansion to the role includes increasing underwriting, strategy development & execution and management support responsibilities.
Main duties
Reporting
- Management of upcoming renewal schedule
- Early identification of renewal issues which will require escalation to Strategic Underwriting Manager.
- Develop tools for monitoring premium earning profiles and flagging of monthly premium entry delays
- Manage bordereaux delivery and accuracy
- Credit control and premium income troubleshooting, providing regular updates to controlling Underwriters
- Monthly reporting of issues relating to book Income with Focus Group Leader
- Ad hoc reporting as required by Focus Group Leader for business planning – in particular related to Estimated Premium Income variances, book composition and resourcing needs.
Due Diligence
- Working with Underwriting Assistants to collect and verify renewal due diligence information and make sure the information is actioned and filed appropriately.
- Overseeing Weekly Delegated Assurance & Stake holder meetings to make sure problems are managed quickly and effectively.
- Oversight of Audit Action points, working with Underwriting Assistants and Underwriters to resolve quickly and efficiently.
- Core role in Tribunalisation due diligence process and oversight.
External
- Attend renewal meetings with Coverholders where appropriate
- Attend new business opportunity meetings to assist in assessment of viability with UWs
- Build core relationships with UWs, UAs, DA and other internal stakeholders, as well as the coverholders themselves.
- Opportunity to assist and travel with UW’s for larger client visits/Audits
Other
- Leverage networking opportunities within the business to develop standardised underwriting policy frameworks and best practice within Beazley.
- Develop best practices around our operational needs within the US Specialty Programs Team.
- Work with peers within Speciality 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 Specialty Treaty account as required.
Culture
- 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 and FCA 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.
Skills and Abilities - Attributes the person will need:
- Delegated UA or Compliance background with at least 5 years’ experience.
- Strong attention to detail and accuracy
- Effective planning and time management skills
- Effective Delegation skills
- Proactive and adaptable approach to problem solving and willingness to develop the role in the direction that best suits the business
- Personality traits – Assertive, Curious, Logical, Practical while remaining Friendly and personable.
- Accurate and numerate
- Computer skills – good working knowledge of MS Office, advanced Excel skills
- Strong analytical skills with attention to detail
- Able to communicate effectively with others, both verbally and in writing
- Motivational skills, team worker as well as able to work on own initiative
- Ability to manage projects, time, meet deadlines and prioritise
- Good people management / influencing skills
Knowledge and Experience
- Knowledge of the Lloyd’s delegated underwriting controls and reporting environment
- Thorough grasp of underwriting policy, philosophy and practice
- Working knowledge of market underwriting process and practices
- Client service experience
Aptitude and Disposition
- Proactive and curious
- Results focused, self-motivated, flexible and enthusiastic
- Professional approach to interact successfully with managers / colleagues / external suppliers
- Collegial and pragmatic problem solver
Competencies
- Project Management
- Achievement drive
- Analytical thinking
- Strategic thinking
- Service focus
- Team working
- Conceptual thinking
- Forward thinking
