Underwriter - Safeguard
: Job Details :

Job Title: Underwriter - SafeguardDivision: Specialty RisksReports To: As per Beazley's organisation chartKey Relationships: Local, regional and national brokers, Beazley SML underwriters (London team, MiscMed, Hospitals), Specialty Risks Underwriters, Specialty Risks Underwriting Management, Product Development, Broker Relations, Claims, Marketing, external clients and service providers.Job Summary: To plan and execute business development and relationship management activities in line with Safeguard growth plans that build our product's reputation and standing in the market. Be responsible for underwriting a profitable portfolio of business for each product in support of the business plan.FLSA: ExemptKey Responsibilities:Relationship ManagementWork with key internal stakeholders to develop and maintain product-specific business development plans for Safeguard, identifying, segmenting, detailing and evaluating potential broker and agent prospects, and executing such plan to ensure that Beazley generates targeted levels of growth and 'hit' ratios in this market.Lead in the education of the broker market on the products in a way that creates a need to buy, highlights our competitive differentiation, illustrates the need for service led products to grow the brand and facilitate the placement of new business with Beazley with a particular focus on new relationships.Raise the profile of Beazley within the broker community, increasing the strength of relationships within the broker market to achieve a highly productive level of consistent, strong producer relationships over time.Develop effective and engaging broker education, delivering these regularly with the aim of deepening broker knowledge of our products and building affinity with our brand.Track metrics around broker engagements, maintaining actions and follow-ups from visits and sharing client and broker feedback on product with key stakeholders in a structured manner.Ensure we remain front of mind of brokers by planning and engaging in regular virtual/face-to-face meetings while acting as a contact point for broker queries and product education engaging in appropriate communication via social media.Identify, participate and present in conferences and events that increase Beazley's exposure of Safeguard to potential target markets.UnderwritingDevelop and underwrite a profitable portfolio of Safeguard business in support of business plans.Work closely with the Safeguard team, and eventually with Executive Risk leadership, to launch the POT and be an active participant in its success.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.Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.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.Comply with Beazley's underwriting control standards for business written through Lloyd's, Beazley Insurance Company Inc, or Beazley's internal MGAs.Develop a good working relationship with Claims Managers, service providers, as well as US and London based Underwriters on this class of business.GeneralDevelop best practice and disseminate business and class knowledge with key internal stakeholders.Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group.Collaborate internally on the production of presentations and marketing literature as required.Production of business plans/research documents for the Safeguard team as required.Personal Specification:Education and QualificationsMinimum Bachelor's degree educationSkills and AbilitiesEffective relationship management skills with customer focused approachAbility to develop strategic plan and execute on its implementationActive listening and emotional intelligenceAbility to work independently for significant periods of timeStrong business development and sales skillsAccurate and numerateComputer skills - good working knowledge of MS Office, advanced Excel skillsStrong analytical skills with attention to detailAble to communicate effectively with others, both verbally and in writingAbility to manage time, meet deadlines, and prioritise to meet sales targetsAbility to spend time frequently travelling/on the roadKnowledge and ExperienceGeneral commercial and financial knowledgeProven sales results and client service experienceKnowledge of underwriting philosophy, processes and practiceExtensive experience in the insurance industry ideally within an underwriting, broking, relationship management or sales roleAptitude and DispositionResult focused, self-motivated, flexible and enthusiasticProfessional approach to interact successfully with key stakeholdersTeam worker as well as able to work on own initiativeCustomer focused, with a strong ethic of service and fairness to the customerCompetenciesAchievement driveAnalytical thinkingStrategic thinkingService focusTeam workingForward thinkingConceptual thinkingThe rewards:The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organizationAttractive base compensation and discretionary performance related annual bonusCompetitively priced medical, dental and vision insuranceCompany paid life, and short- and long-term disability insurance401(k) plan with 5% company match and immediate vesting22 days annual PTO (full-time, prorated for 1st calendar year of employment), plus paid public holidays with the ability to flex the religious bank holidays to suit your religious beliefs. Additional PTO purchase is available up to a maximum of 5 days per calendar year.Up to $700 reimbursement towards home office setupFree in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance in support of your wellbeingThe opportunity to save for, and purchase, shares of Beazley stockSix months fully paid parental leave, regardless of how you come to parenthoodCompany paid sabbatical up to 12 weeks after 10 years of continued serviceSupport with exam/study leave and fees for relevant qualifications related to furthering educationUp to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annuallySmart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the businessSalary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is 80k - 100k per year plus profit related pay and discretionary annual bonus. You will be able to discuss your salary expectations should you be contacted about this role.Don't meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you're excited about this role but your experience doesn't perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.This document is subject to review after consultation with your Manager.#J-18808-Ljbffr