Underwriter - Hull & War

Beazley; London; On-site; GBP 45,000 - 70,000; Full time

Job summary

A leading company in insurance is seeking an Underwriter for their Hull and War division. The role involves developing profitable business solutions, monitoring financial metrics, and ensuring compliance with underwriting standards. The ideal candidate will have strong analytical skills and a graduate-level education, paired with proficiency in MS Office and underwriting expertise.

Qualifications

• Graduate level education required.
• Proficient with underwriting, strong analytical and communication skills.
• Advanced skills in Excel and MS Office are important.

Responsibilities

• Develop and underwrite a profitable portfolio of Hull and War business.
• Monitor premiums, costs, and claims ratios.
• Structure tailor-made solutions and ensure compliance with underwriting standards.

Skills

Proficient underwriting skills

Analytical skills

Effective communication skills

Good working knowledge of MS Office

Advanced Excel skills

Education

Minimum graduate level education

Job description

General

Job Title: Underwriter - Hull and War

Division: Hull and War

Reports To: Focus Group Leader, Hull and War

Key Relationships: Brokers, Underwriters, claims staff, other Staff, Coverholders, external Clients and Suppliers

Job Summary:

To underwrite an Hull and War account within the Hull and War 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.

Key Responsibilities:

Underwriting

• Develop and underwrite a profitable portfolio of Hull and War business as part of the Hull and War 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 the account level.
• Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure, and 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 Hull and War account.
• Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Hull and War.
• 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.
• Production of business plans/research documents for the M&A account as required.

Core Values and Additional Expectations:

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.

• Comply with Beazley procedures, policies, and regulations including the code of conduct which incorporates FCA and PRA Conduct rules.
• 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 keep up to date with developments in these areas. This may include Beazley's underwriting control standards, 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

• Minimum graduate level education

Skills and Abilities

• Proficient underwriting skills
• Accurate and numerate
• Good working knowledge of MS Office, with advanced Excel skills
• Strong analytical skills with attention to detail
• Effective communication skills, both verbally and in writing
• Ability to manage time, meet deadlines, and prioritize
• Motivational skills

Knowledge and Experience

• General commercial and financial knowledge
• Conceptual thinking