Job Title: Head of Underwriting Management, Property Risks
Member of the Property Risks Leadership Group
Division: Property Risks
Reports To: As per Beazley's organisation chart
Key Relationships: Brokers, Underwriters, Claims, Various Property Management teams, own staff, external clients and suppliers.
Job Summary: Underwriting Manager with responsibility for all aspects of the Underwriting Management unit within Property Risks.
FLSA: Exempt
Key Responsibilities:
- Strategic direction and ideas for the Property Risks business.
- Lead underwriting management team including :
- Underwriter Training
- Product development
- Liaise with Regulatory and Compliance
- Directly manage:
- Various roles that may be created in support of this team/function
- Participant in media opportunities and thought leadership/marketing.
- Support Head of Property Risks with provision for the following services:
- Pricing
- Wordings
- Intelligence network
- Outwards reinsurance
- Management information
- Claim actuarial
- Pre-peer review
- Peer review
- Reinsurance
- PDEMG/CMOG (aggregate/optimization) actions
- Develop and help to implement business strategies for the unit in agreement with Head of Property Risks.
- Manage the underwriting activities of the Property Risks division to comply with relevant company, regulatory and legal requirements.
- Monitor the portfolio and suggest corrective measures as required to enhance the profitability.
- Review the underwriting portfolio and to highlight any issues arising.
Staff
- Ensure that staff have terms of reference setting out their responsibilities and reporting lines.
- Ensure that all employees have the knowledge and the skills necessary to perform effectively in their given roles and responsibilities.
- Ensure that people are recruited, deployed and developed to anticipate and meet current and future needs.
- Discipline within the Beazley Group guidelines members of staff contravening regulations per 'handbook' or underwriting guidelines as required.
General
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 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, FCA and or other regulatory 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 e-learning 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 committees or working groups.
Personal Specification:
Education and Qualifications
- Graduate level education preferred.
Skills and Abilities
- Comprehensive understanding of legislative and competitive environments
- Thorough knowledge of underwriting process
- Understanding of business strategy and the work of other departments within the organisation
- Computer skills - good working knowledge of MS Office, advanced Excel skills
- Able to communicate effectively with others, both verbally and in writing
- Motivational skills, team worker as well as able to work on own initiative
- The ability to manage time, meet deadlines and prioritise
- Accurate and numerate
- Strong analytical skills with attention to detail
- Good management skills
Knowledge and Experience
- General commercial and financial knowledge
- Extensive experience in insurance industry
- Extensive experience of Property insurance/reinsurance underwriting or broking
- Client service experience
Aptitude and Disposition
- Outcome focused, self-motivated, flexible and enthusiastic
- Professional approach to interact successfully with managers/colleagues/external suppliers
Competencies
- Integrity
- Team building & working
- Customer focus
- Resilience
- Technical competence/expertise
- Business/financial acumen
- Active listening
- Developing people
- Achievement drive
- Analytical thinking
- Conceptual thinking
Who We Are:
Beazley is a specialist insurance company with over 30 years' experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.
Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.
Our Culture
We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee's diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.
- Be bold
- Strive for better
- Do the right thing
Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us - our ambitious inclusion & diversity and sustainability targets are testament to this.
We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.
Explore a variety of networks to assist with professional and/or personal development. Our Employee Networks include:
- Beazley RACE - Including, understanding and celebrating People of Colour
- Beazley SHE - Successful, High potential, Empowered women in insurance
- Beazley Proud - Our global LGBTQ+ community
- Beazley Wellbeing - Supporting employees with their mental wellbeing
- Beazley Families - Supporting families and parents-to-be
We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as:
- Internal Pathways (helping you grow into an underwriting role)
- iLearn (our own learning & development platform)
- LinkedIn Learning
- Mentorship program
- External qualification sponsorship
- Continuing education and tuition reimbursement
- Secondment assignments
The Rewards
- The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization
- Attractive base compensation and discretionary performance related bonus
- Competitively priced medical, dental and vision insurance
- Company paid life, and short- and long-term disability insurance
- 401(k) plan with 5% company match and immediate vesting
- 22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs
- Up to $700 reimbursement for home office setup
- Free in-office l