Underwriting Manager - South Region - Miscellaneous Medical & Life Sciences

Beazley; Miami (FL); On-site; USD 150,000 - 175,000; Full time

Benefits offered by this job

401(k) with company match

Parental leave

Flexible working

Job summary

Beazley is seeking an Underwriting Manager for Miscellaneous Medical & Life Sciences within the Healthcare team. You will lead a profitable portfolio, provide technical underwriting guidance, and support market reputation of Beazley.

You will manage a team of underwriters, develop tailored solutions, monitor profitability, and foster strong client and broker relationships while upholding Beazley’s underwriting philosophy and policy.

Qualifications

• Underwriting experience in Miscellaneous Medical preferred.
• Thorough knowledge of underwriting policy, philosophy and practice.
• Experience in insurance industry and with Miscellaneous Medical underwriting.

Responsibilities

• Develop and underwrite a profitable portfolio of Miscellaneous Medical business within the Healthcare team.
• Evaluate risk premium by considering risk costs, reinsurance, capital exposure and underwriting costs.
• Monitor premiums, costs and claims ratios and take corrective measures to ensure profitability.
• Supervise assistants to ensure compliance with underwriting policy and consistency.
• Advise, assist and service clients and brokers to maintain satisfaction and relationships.

Skills

Proficient underwriting skills

Accurate and numerate

MS Office

Excel

Analytical skills

Communication

Time management

People management

Tools

MS Office

Excel

Job description

General

Job Title: Underwriting Manager – Miscellaneous Medical & Life Sciences

Division: Specialty Risks

Reports To: As per Beazley’s organisation chart

Key Relationships: Brokers, Underwriters, Claims, Coverholders, external Clients and Suppliers

Job Summary: To underwrite a Miscellaneous Medical 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. Manage a team of underwriters.

Flsa: Exempt

Key Responsibilities

Underwriting Manager

• Develop and oversee the underwriting of a profitable Miscellaneous Medical portfolio with a focus on the South Region.
• 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 business, whilst working with direct reports to assist them to do the same.
• Monitor premiums, costs and claims ratios throughout the portfolio and take corrective measures if necessary to ensure long term profitability.
• Monitor underwriters in their daily work to ensure profitability as well as efficient and cost-effective administration of the account.
• Work closely with claims managers to ensure team are 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 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 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 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.

Team Leadership

• Provide leadership, direction and support to the team.
• Foster a spirit of inclusion, teamwork and unity that reflects Beazley’s overall workplace culture, values and appreciation of the benefits of diversity.
• Act as a manager, mentor and coach to direct reports to enable them to fulfil their potential and ensure continuous development of them and their wider team.
• Ensure direct reports are supported in contributing to the delivery and achievement of the overall team and business objectives.
• Provide effective performance feedback on a regular basis, ensuring employees are recognised and rewarded for their contribution. Conversely, providing timely feedback to address poor performance, taking disciplinary action as appropriate.
• Maintain transparent and effective communication through department meetings, one-to-one meetings, email etc.
• Encourage knowledge sharing and effective delegation to minimise key person dependencies.
• Work with other team managers ensuring team resources overall are effectively utilised and people are appropriately challenged.
• Encourage direct reports to think proactively about their careers, signposting development and stretch opportunities for strong performers where possible.
• Work with People & Sustainability as appropriate to escalate performance concerns ensuring set objectives are clear and measurable and progress is tracked accordingly.

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 account as required.

Personal Specification

Skills & 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
• People management skills

Knowledge & Experience

• General commercial and financial knowledge
• Experience in insurance industry
• Experience of 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 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
• Developing people
• Conceptual thinking

Who We Are

Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.

Our Culture

We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.

• Be bold
• Strive for better
• Do the right thing

Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us – our ambitious inclusion & diversity and sustainability targets are testament to this.

We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.

Explore a variety of networks to assist with professional and/or personal development. Our Employee Networks include:

• Beazley RACE - Including, understanding and celebrating People of Colour
• Beazley SHE - Successful, High potential, Empowered women in insurance
• Beazley Proud - Our global LGBTQ+ community
• Beazley Wellbeing - Supporting employees with their mental wellbeing
• Beazley Families - Supporting families and parents-to-be

We Encourage Internal Career Progression At Beazley, Giving You All The Tools You Need To Drive Your Own Career Here, Such As

• Internal Pathways (helping you grow into an underwriting role)
• iLearn (our own learning & development platform)
• LinkedIn Learning
• Mentorship program
• External qualification sponsorship
• Continuing education and tuition reimbursement
• Secondment assignments

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 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 PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs
• Up to $700 reimbursement for home office setup
• Free in-office lunch, travel reimbursement for travel to office, 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 our employees to do what works best for them and their teams
• Salary for this role will be tailored to the successful individual’s location and experience. The expected compensation range for this position is $150,000 - $175,000 per year plus discretionary annual bonus.