Underwriter - Commercial Property

Beazley; País Vasco; Presencial; EUR 45.000 - 85.000; Jornada completa

Descripción de la vacante

An established industry player is seeking a skilled underwriter to manage a Commercial Property portfolio across European markets. In this senior role, you will leverage your underwriting expertise to develop tailored solutions, monitor profitability, and foster strong client relationships. You will play a crucial role in maintaining the company’s market reputation while adhering to core values that emphasize teamwork and ethical practices. This is an exciting opportunity to make a significant impact in a dynamic environment, working alongside a dedicated team to drive business success and client satisfaction.

Formación

• Proven experience in underwriting and managing a portfolio of Commercial Property.
• Strong analytical skills for evaluating risk and profitability.

Responsabilidades

• Develop and underwrite a profitable portfolio of Commercial Property.
• Advise clients on insurance and risk matters to ensure satisfaction.

Conocimientos

Underwriting

Risk Assessment

Client Relationship Management

Market Analysis

Educación

Bachelor's degree in Finance or related field

Professional certification in underwriting

Herramientas

Underwriting software

Data analysis tools

Descripción del empleo

Reports To: As per Beazley’s organisation chart

Key Relationships: Brokers, own staff, underwriters, claims, coverholders, external clients and suppliers

Job Summary:

Develop and underwrite a Commercial Property portfolio in regional European markets, within the Property Risks team and provide counsel and advice on underwriting and market issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand. Reporting into a European Portfolio Lead, this is a senior position, with responsibility for the input into planning and execution for the region.

Key Responsibilities:

1. Develop and underwrite a profitable portfolio of Commercial Property as part of the Property Risks team.
2. 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.
3. Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.
4. 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.
5. Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the Commercial Property account.
6. Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Property Risks.
7. Comply with Beazley’s underwriting control standards for business written through Lloyd’s or any of Beazley’s subsidiaries or internal MGAs.
8. Develop a good working relationship with the claims managers on this class of business.

Client Management:

1. Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction.
2. Foster positive relationships with clients to get a mutual understanding of both their and Beazley’s needs.
3. Maintenance of good business relationships with brokers.
4. Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.

General:

1. Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.
2. Develop best practice and disseminate business and class knowledge within the Property Risks team.
3. Work with peers within Property 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.
4. Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability within the Group.
5. Production of presentations and marketing literature as required.
6. Production of business plans / research documents for the Commercial Property account as required.

It is important that within all your interactions both internally and externally you adhere 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:

1. Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates FCA and PRA Conduct rules.
2. 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.
3. Display business ethics that uphold the interests of all our customers.