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To direct and manage the International Miscellaneous Medical & Life Sciences teams and products within Healthcare. To deliver and execute the annual business plan, set and direct forecasts. To underwrite an International Miscellaneous Medical & Life Sciences account within the Healthcare team and provide counsel and advice on underwriting and market issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.
Job Responsibility
Responsibility for management of the International Miscellaneous Medical & Life Sciences team including business planning and underwriting, and with responsibility for the International Miscellaneous Medical & Life Sciences products
Develop and implement business strategies for the teams in agreement with the Head of Healthcare
Plan, direct, co-ordinate and maintain the team to achieve business objectives and target profitability
Monitor the portfolio and take corrective measures if necessary to ensure long-term profitability
Ensure that own and team activities comply with all relevant company, regulatory and legal requirements
Encourage, motivate and manage direct reports
Deliver team responsibilities as delegated by the head of Healthcare
Provide proactive oversight of International Miscellaneous Medical & Life Sciences underwriting and related functions within the Healthcare team
Active member of the Healthcare management team
Develop and underwrite a profitable portfolio of International Miscellaneous Medical & Life Sciences business as part of the Healthcare team
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
Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the International Miscellaneous Medical & Life Sciences account
Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Specialty Risks
Comply with Beazley's underwriting control standards for business written through Lloyd's, Beazley's subsidiaries or Beazley's internal MGAs
Develop a good working relationship with the claims managers on this class of business
Advise, assist and service clients on insurance and risk matters to ensure clients' satisfaction
Foster positive relationships with clients to get a mutual understanding of both their and Beazley's needs
Maintenance of good business relationships with brokers
Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients
Provide leadership, direction and support to the team
Foster a spirit of inclusion, teamwork and unity that reflects Beazley's overall workplace culture, values and appreciation of the benefits of diversity
Act as a manager, mentor and coach to direct reports to enable them to fulfil their potential and ensure continuous development of them and their wider team
Ensure direct reports are supported in contributing to the delivery and achievement of the overall team and business objectives
Provide effective performance feedback on a regular basis, ensuring employees are recognised and rewarded for their contribution
Provide timely feedback to address poor performance, taking disciplinary action as appropriate
Maintain transparent and effective communication through department meetings, one-to-one meetings, email etc
Encourage knowledge sharing and effective delegation to minimise key person dependencies
Work with other team managers ensuring team resources overall are effectively utilised and people are appropriately challenged
Encourage direct reports to think proactively about their careers, signposting development and stretch opportunities for strong performers where possible
Work with People & Sustainability as appropriate to escalate performance concerns ensuring set objectives are clear and measurable and progress is tracked accordingly
Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley
Develop best practice and disseminate business and class knowledge within the International Miscellaneous Medical & Life Sciences and Healthcare team
Work with peers within Healthcare and Specialty Risks to maximise business opportunities and profitability within the department
Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability within the Group
Production of presentations and marketing literature as required
Production of business plans/research documents for the International Miscellaneous Medical & Life Sciences account as required
Requirements
General commercial and financial knowledge
Possess underwriting ability
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 time, meet deadlines and prioritise
Good people management skills
Extensive experience in insurance industry
Extensive experience of Miscellaneous Medical & Life Sciences underwriting
Thorough knowledge of underwriting policy, philosophy and practice
Advanced knowledge of underwriting processes and systems
Client service experience
Results focused, self-motivated, flexible and enthusiastic
Professional approach to interact successfully with managers/colleagues/external suppliers
Team worker as well as able to work on own initiative
Customer focused, with a strong ethic of service and fairness to the customer