Senior Underwriter GL

Berkley; Madrid; On-site; EUR 40,000 - 60,000; Full time

Job summary

Berkley in Madrid is seeking an experienced underwriter to manage new business submissions and renewals within the authorized scope. The role involves populating BEITS quotes, analyzing risks, issuing policies, and supporting broker relationships to drive growth and profitability.

Responsibilities include portfolio monitoring, timely renewals, and collaboration with underwriting, operations and legal teams.

Qualifications

• Minimum of 5 years of experience in the insurance market in similar positions.
• Good communication skills, both verbally and in writing.
• Ability to manage time, meet deadlines and prioritise.
• Computer literate with good working knowledge of the Microsoft Office suite.
• Desire to work towards relevant professional qualification.
• Proactivity & Team Working.
• Exceptional oral and written communication skills; communication style is flexible to the situation; ability to communicate clearly and with a purpose.

Responsibilities

• To underwrite new business and renew portfolio within the limits of authority.
• To populate Quotes on BEITS data collection, rating, pricing, underwriting analysis, wordings, etc.
• To issue quotes and follow-up them.
• To issue policies and amendments that cannot be outsourced to other units.
• To monitor renewals and assist in portfolio performance monitoring.
• To support sales initiatives with brokers, meetings, presentations and trainings.
• Build and maintain strong relationships with brokers to meet financial goals including growth, profit, retention and new business.
• Sign and adhere to personal authority letters and guidelines.

Skills

5+ years insurance experience

Strong communication skills

Time management

MS Office proficiency

Proactivity & teamwork

Education

Bachelor's degree or equivalent in a relevant field

Tools

BEITS

Job description

Responsabilidades

Within the limits of his/her uw authority letter, to underwrite new business and/or renew portfolio. Those responsibilities could eventually be multiline.

Key Responsibilities

New Business

• To manage New Business submissions within the scope (territorial/broker/type of risk/product, etc.) designated by the Head of Line of Business and according his/her respective Letter of Authority.
• To populate Quotes on the IT System (BEITS) data collection, rating, pricing, uw analysis, wordings, etc.
• To issue quotes and follow-up them.
• To give authority in BEITS to lower empowered uw's (when applicable) and/or BENET users, when required.
• To issue policies and new policies and policy amends that cannot be outsourced to Portfolio Management (BeService).

Portfolio renewals / management

• To monitor the list of non-tacit renewals of issue policies and new policies and policy amends that cannot be outsourced to Portfolio Management (BeService) and issue a renewal proposal to the broker.
• To support the correspondent Head of Lob in portfolio performance monitoring, if required.

Sales

• To support our Business Developers and/or Head of Market Facing Teams in any sales related initiative they may request too brokers (meetings, presentations, trainings, etc.)
• Develop and grow a knowledgeable producer population, incl. strategic and tactical broker/producer development planning.
• Build strong relationships with brokers (local/region) to ensure the practice meets or exceeds financial goals including growth, profit, retention, and new business.

General

• To read, understand and sign his/her personal authority letter and any other technical guideline provided, and act within the limits of its scope.

Team Leadership & Talent Development

• Work collaboratively and effectively with local underwriting, operations, legal and claims.

Innovation

• Engage in innovation initiatives, product launches, marketing campaigns and short-term projects as appropriate to contribute positively towards success of the overall team and company.

Compliance & Risk Management

• Stay current with all compliance, procedural, and workflow changes; ensure all activities comply with applicable laws and regulations.

Reporting

• Reports to Head of Line of Business (technically) and Head of Custom (hierarchically).

Shared Responsibilities

• Together with the rest of Head of LoB, to comply with the UW Governance and the Sales Strategy, to attend the Business Team Committee Meetings and to collaborate and coordinate with other LoB's.

Nature of Hierarchical and Direct Collectives

• Management Level: Individual contributor.

Economic management

Need to achieve the financial plan of his/her LoBs (GWP, Commissions, ILR, etc.) and the whole Custom Plan

Titulaciones

Knowledge & Experience

• Minimum of 5 years of experience in the insurance market in similar positions
• Good communication skills, both verbally and in writing
• Ability to manage time, meet deadlines and prioritize
• Computer literate with good working knowledge of the Microsoft Office suite
• Desire to work towards relevant professional qualification
• Proactivity & Team Working
• Ability to manage time, meet deadlines and prioritise
• Exceptional oral and written communication skills; communication style is flexible to the situation; ability to communicate clearly and with a purpose
• Calm under pressure; excellent organizational skills, integrity, and great follow-through on tasks; comfortable challenging norms while working collaboratively with colleagues at all levels of the organization
• Proven track record of building and maintaining strong business relationships with insureds, brokers and other internal and external stakeholders

Competencies

• Customer Focus & Teamwork
• Flexibility
• Delivers Results
• Technical & Job Excellence
• Accountability

Languages

• Spanish: C2 (Native).
• Business level English: (B2 or higher