Underwriter – Employment Practices Liability and Safeguard Job at Social Value Portal Ltd (London)

Job Description

To underwrite a London Market Wholesale Executive Risk (LMWER) account within Specialty Risks and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.

Job Responsibility

Develop and underwrite a profitable portfolio of LMWER business as part of Specialty Risks
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
Manage innovation and development of non-insurance service offerings to insureds and others
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 LMWER
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 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
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 LMWER and Specialty Risks
Work with peers within the LMWER 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 across the Group
Production of presentations and marketing literature as required
Production of business plans/research documents for the LMWER account as required

Requirements

Proficient underwriting skills
Accurate and numerate
Strong analytical skills with attention to detail
Able to communicate effectively with others, both verbally and in writing
Ability to manage time, meet deadlines and prioritise
Motivational skills
General commercial and financial knowledge
Experience in insurance industry
Experience of Executive Risk underwriting or broking
Thorough knowledge of underwriting policy, philosophy and practice
Advanced knowledge of underwriting processes and systems
Client service experience
Result 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
Achievement drive
Analytical thinking
Strategic thinking
Service focus
Team working
Conceptual thinking
Forward thinking

What we offer

Attractive base compensation and discretionary performance related annual bonus
Private medical insurance coverage for both you and your dependents
Company paid life assurance and long term disability insurance
Pension with 10% employer contribution, plus a further matched contribution up to 2.5%
25 days of annual leave (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious bank holidays to suit your religious beliefs, subject to approval
Additional annual leave purchase is also available up to a maximum of five additional days per year
Up 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 annually
Up to £550 reimbursement towards home office setup
Free in-office lunch and monthly lifestyle allowance
Monthly travel allowance or annual season ticket
The opportunity to save for, and purchase, shares of Beazley stock
Six months fully paid parental leave, regardless of how you come to parenthood
Company paid sabbatical up to 12 weeks after 10 years of continued service
Support with exam/study leave and fees for relevant qualifications related to furthering education
Smart working policy and flexible working culture

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Underwriter – Employment Practices Liability and Safeguard

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