Beazley Group
Underwriter - Miscellaneous Medical
Beazley Group, San Francisco, California, United States, 94199
Overview
Job Title: Underwriter - Miscellaneous Medical Division: Specialty Risks Reports To: As per Beazley's organisation chart Key Relationships: Brokers, Underwriters, Claims staff, Coverholders, external Clients and Suppliers Job Summary: To underwrite a Miscellaneous Medical & Life Sciences account within the Healthcare Team 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.
Responsibilities Underwriting
Develop and underwrite a profitable portfolio of 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 French and continental European 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, or Beazley\'s internal MGAs.
Develop a good working relationship with the claims managers on this class of business.
Client Management
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.
General
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 Healthcare and Specialty Risks team.
Work with peers within Healthcare and Specialty Risks to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
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 Miscellaneous Medical & Life Sciences account as required.
Beazley Values
It is important that within all your interactions both internally and externally you adhere to Beazley\'s core values - Being Bold, Striving for Better, and Doing the Right Thing - as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:
Comply with Beazley procedures, policies and regulations including the code of conduct
Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People 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 Culture & People 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 Skills and Abilities
Proficient underwriting skills
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
Ability to manage time, meet deadlines and prioritise
Motivational skills
Knowledge and Experience
General commercial and financial knowledge
Experience in insurance industry
Experience of Healthcare underwriting
Thorough knowledge of underwriting policy, philosophy and practice
Advanced knowledge of underwriting processes and systems
Client service experience
Aptitude and Disposition
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
Competencies
Achievement drive
Analytical thinking
Strategic thinking
Service focus
Team working
Forward thinking
Conceptual thinking
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 annual 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 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 setup
Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance in support of your wellbeing
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
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
Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business
Salary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is 125k - 175k 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.
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Job Title: Underwriter - Miscellaneous Medical Division: Specialty Risks Reports To: As per Beazley's organisation chart Key Relationships: Brokers, Underwriters, Claims staff, Coverholders, external Clients and Suppliers Job Summary: To underwrite a Miscellaneous Medical & Life Sciences account within the Healthcare Team 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.
Responsibilities Underwriting
Develop and underwrite a profitable portfolio of 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 French and continental European 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, or Beazley\'s internal MGAs.
Develop a good working relationship with the claims managers on this class of business.
Client Management
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.
General
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 Healthcare and Specialty Risks team.
Work with peers within Healthcare and Specialty Risks to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
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 Miscellaneous Medical & Life Sciences account as required.
Beazley Values
It is important that within all your interactions both internally and externally you adhere to Beazley\'s core values - Being Bold, Striving for Better, and Doing the Right Thing - as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:
Comply with Beazley procedures, policies and regulations including the code of conduct
Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People 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 Culture & People 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 Skills and Abilities
Proficient underwriting skills
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
Ability to manage time, meet deadlines and prioritise
Motivational skills
Knowledge and Experience
General commercial and financial knowledge
Experience in insurance industry
Experience of Healthcare underwriting
Thorough knowledge of underwriting policy, philosophy and practice
Advanced knowledge of underwriting processes and systems
Client service experience
Aptitude and Disposition
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
Competencies
Achievement drive
Analytical thinking
Strategic thinking
Service focus
Team working
Forward thinking
Conceptual thinking
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 annual 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 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 setup
Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance in support of your wellbeing
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
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
Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business
Salary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is 125k - 175k 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.
#J-18808-Ljbffr