Job Title: Assistant Underwriter – International Treaty

Division: Property Risk

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 Treaty team and ensure that the administrative processes are run as efficiently as possible to serve both internal and external clients.

Key Responsibilities:

Underwriting

Evaluate and assess risk in order to impose precise terms and conditions required for renewals and endorsements to optimise underwriting profit.
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 underwriting control standards for business written through Lloyd’s and any of Beazley’s subsidiaries or internal MGAs.

Underwriting Support

Support the underwriters at the box and office 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.
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:

Skills & Abilities

Administrative experience
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

Knowledge & Experience

Experience in the insurance industry
Client service experience advantageous

Aptitude & Disposition

Self-motivated
Outcome focused
Flexible and enthusiastic
Team worker with the ability to work on own initiative

Competencies

Customer focus
Initiative
Accuracy
Information seeking
Self-starter
Team working
Time management
Achievement orientation
Detail orientated
Analytical thinking
Relationship building
Communication skills

International Treaty jobs

Assistant Underwriter - International Treaty