Assistant Underwriter - London, United Kingdom - Beazley

Beazley

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Job Title:
Assistant Underwriter - Underwriting Service Centre

Contract: 12 Month FTC

Key Relationships:
Brokers, Head of Business Unit, Underwriters, Claims Staff, Other Staff, Coverholders, external Clients and suppliers

Job Summary:

To provide underwriting support to the team and ensure that the administrative processes are run as efficiently as possible to serve both internal and external clients.

Beazley:

Beazley is a specialist insurance company with over 30 years' experience helping people, communities and businesses to manage risk all around the world.

Our products are wide ranging from cyber & tech to marine, healthcare, financial institutions and contingency, covering risks like the weather, film production or protection from deadly weapons.

We have a wonderful mix of cultures, experiences and backgrounds at Beazley with over 1500 of us working around the world.

Employee's diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We hire people with wide perspectives, and we have set bold diversity targets as we work towards excellence.

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 tailormade 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, or Beazley's 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, ie 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.
Chase renewal accounts by contacting brokers.

General

Undertake any other reasonable duties as may be requested by the underwriting team.
Participate in crossteam and intrateam 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.

At Beazley we are committed to doing the right thing because it is the right thing to do.

It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley's core values and behaviours - PIED and Being Beazley.

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 elearning 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 com