Underwriter - Marine Subsea Job at Social Value Portal Ltd (London)

Job Description

To underwrite within the Marine team with a focus on Marine Subsea 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 business as part of the Marine team with a particular focus on the marine subsea accounts
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 account
Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and MAP Risks
Comply with Beazley’s underwriting control standards for business written through Lloyd’s 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
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 Hull & War team
Work with peers within Marine and MAP 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 Beazley Subsea account as required

Requirements

Proven extensive background in marine insurance, with a preference for subsea experience
Thorough knowledge of underwriting policy, philosophy and practice
Advanced knowledge of underwriting processes and systems
Able to communicate effectively with others, both verbally and in writing
Computer skills – good working knowledge of MS Office, advanced Excel skills
Strong analytical skills with attention to detail
Ability to manage time, meet deadlines and prioritise

Nice to have

Technical background in the marine subsea industry
Motivational skills
General commercial and financial knowledge
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

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Underwriter - Marine Subsea

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