Beazley
Underwriting Manager – Miscellaneous Medical & Life Sciences
Beazley, Chicago, Illinois, United States, 60290
Underwriting Manager – Miscellaneous Medical & Life Sciences
Beazley is seeking an experienced Underwriting Manager for its Miscellaneous Medical portfolio within the Healthcare team.
Job Summary Underwrite a Miscellaneous Medical account, provide counsel on underwriting issues, manage a team of underwriters, maintain market reputation and deliver profitable results.
Key Responsibilities
Develop and oversee the underwriting of a profitable Miscellaneous Medical portfolio with a focus on the West Coast.
Structure tailor‑made solutions, win new business and retain existing business, and assist direct reports to do the same.
Monitor premiums, costs and claims ratios, and take corrective measures to ensure long‑term profitability.
Monitor underwriters in their daily work to ensure profitability and efficient, cost‑effective administration of the account.
Work closely with claims managers to keep the team aware of profitability and claims trends.
Underwriting
Develop and underwrite a profitable portfolio of Miscellaneous Medical business as part of the Healthcare team.
Evaluate appropriate risk premium considering risk costs, reinsurance cessions, capital exposure and underwriting and general administration costs to ensure profitability using rating models as applicable.
Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the Miscellaneous Medical team, Healthcare and Specialty Risks.
Comply with Beazley’s underwriting control standards for business written through Lloyd’s, Beazley Insurance Company Inc or Beazley’s internal MGAs.
Client Management
Advise, assist and service clients on insurance and risk matters to ensure client satisfaction.
Foster positive relationships with clients to gain a mutual understanding of both parties’ needs.
Maintain good business relationships with brokers.
Maintain awareness of Beazley product range and seize opportunities to introduce other products.
Team Leadership
Provide leadership, direction and support to the team.
Foster a spirit of inclusion, teamwork and unity reflecting Beazley’s culture and values.
Act as a mentor and coach to enable direct reports to achieve their potential.
Ensure direct reports contribute to overall team and business objectives.
Provide timely performance feedback and address poor performance appropriatelyli>
Maintain transparent communication through meetings, email and other channels.
Encourage knowledge sharing and effective delegation.
Collaborate with other managers to optimise resource utilisation.
Support career development for strong performers.
Escalate performance concerns with People & Sustainability when necessary.
General
Leverage networking to develop standardised underwriting policy and best practice.
Develop best practice and disseminate knowledge within the Healthcare and Specialty Risks team.
Collaborate with peers to maximise opportunities and profitability.
Share and gather knowledge across the Beazley Group.
Produce presentations and marketing literature as required.
Prepare business plans and research documents for the Miscellaneous Medical account.
Personal Specification Skills & Abilities
Proficient underwriting skills
Accurate and numerate
Computer skills – good working knowledge of MS Office, advanced Excel skills
Strong analytical with attention to detail
Able to communicate effectively, verbally and in writing
Time‑management, deadline‑meeting and prioritisation skills
Motivational skills
People‑management skills
Knowledge & Experience
General commercial and knowledge
Experience in the insurance industry
Experience in Miscellaneous Medical underwriting
Thorough knowledge of underwriting policy, philosophy and practice
Advanced knowledge of underwriting processes and systems
Client service experience
Aptitude & Disposition
Result‑focused, self‑motivated, flexible and enthusiastic
Professional approach to interactions with managers, colleagues and external suppliers
Team worker, ability to work on own initiative
Customer‑focused, strong ethic of service and fairness
Competencies
Achievement drive
Analytical thinking
Strategic thinking
Service focus
Team working
Forward thinking
Developing people
Conceptual thinking
The Rewards
Opportunity to connect and build long‑lasting professional relationships while advancing career with a dynamic organisation
Attractive base compensation and discretionary performance‑related bonus
Competitively priced medical, dental and vision insurance
Company‑paid life, short‑term and long‑term disability insurance
401(k) plan with 5% company match and immediate vesting
22 days PTO (prorated for 1st calendar year), 11 paid holidays per year, flexible religious bank holidays
Up to $700 reimbursement for home office setup
Free in‑office lunch, travel reimbursement for office travel and monthly lifestyle allowance
Up to 26 weeks of fully paid parental leave
Up to 2.5 days paid annually for volunteering at a charity of your choice
Flexible working policy, trusting employees to work what works best for them and their teams
Salary tailored to location and experience; expected compensation range $150,000–$200,000 per year plus discretionary bonus.
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, we encourage you to apply anyway – you may just be the right candidate for this or another role. #J-18808-Ljbffr
Job Summary Underwrite a Miscellaneous Medical account, provide counsel on underwriting issues, manage a team of underwriters, maintain market reputation and deliver profitable results.
Key Responsibilities
Develop and oversee the underwriting of a profitable Miscellaneous Medical portfolio with a focus on the West Coast.
Structure tailor‑made solutions, win new business and retain existing business, and assist direct reports to do the same.
Monitor premiums, costs and claims ratios, and take corrective measures to ensure long‑term profitability.
Monitor underwriters in their daily work to ensure profitability and efficient, cost‑effective administration of the account.
Work closely with claims managers to keep the team aware of profitability and claims trends.
Underwriting
Develop and underwrite a profitable portfolio of Miscellaneous Medical business as part of the Healthcare team.
Evaluate appropriate risk premium considering risk costs, reinsurance cessions, capital exposure and underwriting and general administration costs to ensure profitability using rating models as applicable.
Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the Miscellaneous Medical team, Healthcare and Specialty Risks.
Comply with Beazley’s underwriting control standards for business written through Lloyd’s, Beazley Insurance Company Inc or Beazley’s internal MGAs.
Client Management
Advise, assist and service clients on insurance and risk matters to ensure client satisfaction.
Foster positive relationships with clients to gain a mutual understanding of both parties’ needs.
Maintain good business relationships with brokers.
Maintain awareness of Beazley product range and seize opportunities to introduce other products.
Team Leadership
Provide leadership, direction and support to the team.
Foster a spirit of inclusion, teamwork and unity reflecting Beazley’s culture and values.
Act as a mentor and coach to enable direct reports to achieve their potential.
Ensure direct reports contribute to overall team and business objectives.
Provide timely performance feedback and address poor performance appropriatelyli>
Maintain transparent communication through meetings, email and other channels.
Encourage knowledge sharing and effective delegation.
Collaborate with other managers to optimise resource utilisation.
Support career development for strong performers.
Escalate performance concerns with People & Sustainability when necessary.
General
Leverage networking to develop standardised underwriting policy and best practice.
Develop best practice and disseminate knowledge within the Healthcare and Specialty Risks team.
Collaborate with peers to maximise opportunities and profitability.
Share and gather knowledge across the Beazley Group.
Produce presentations and marketing literature as required.
Prepare business plans and research documents for the Miscellaneous Medical account.
Personal Specification Skills & Abilities
Proficient underwriting skills
Accurate and numerate
Computer skills – good working knowledge of MS Office, advanced Excel skills
Strong analytical with attention to detail
Able to communicate effectively, verbally and in writing
Time‑management, deadline‑meeting and prioritisation skills
Motivational skills
People‑management skills
Knowledge & Experience
General commercial and knowledge
Experience in the insurance industry
Experience in Miscellaneous Medical underwriting
Thorough knowledge of underwriting policy, philosophy and practice
Advanced knowledge of underwriting processes and systems
Client service experience
Aptitude & Disposition
Result‑focused, self‑motivated, flexible and enthusiastic
Professional approach to interactions with managers, colleagues and external suppliers
Team worker, ability to work on own initiative
Customer‑focused, strong ethic of service and fairness
Competencies
Achievement drive
Analytical thinking
Strategic thinking
Service focus
Team working
Forward thinking
Developing people
Conceptual thinking
The Rewards
Opportunity to connect and build long‑lasting professional relationships while advancing career with a dynamic organisation
Attractive base compensation and discretionary performance‑related bonus
Competitively priced medical, dental and vision insurance
Company‑paid life, short‑term and long‑term disability insurance
401(k) plan with 5% company match and immediate vesting
22 days PTO (prorated for 1st calendar year), 11 paid holidays per year, flexible religious bank holidays
Up to $700 reimbursement for home office setup
Free in‑office lunch, travel reimbursement for office travel and monthly lifestyle allowance
Up to 26 weeks of fully paid parental leave
Up to 2.5 days paid annually for volunteering at a charity of your choice
Flexible working policy, trusting employees to work what works best for them and their teams
Salary tailored to location and experience; expected compensation range $150,000–$200,000 per year plus discretionary bonus.
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, we encourage you to apply anyway – you may just be the right candidate for this or another role. #J-18808-Ljbffr