What are the responsibilities and job description for the Underwriter- Cyber Risks position at Beazley Group?

General

Exciting opportunity to join Beazley's successful Cyber Risk team. We are looking for an enthusiastic underwriter with strong technical ability and a service-focused mind-set who enjoys business production and building relationships..

Job description and person specification

Job Title : Underwriter - Cyber Risks

Division : Cyber Risks

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

Job Summary : To underwrite a Cyber & Technology account within the Cyber Risks division 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 Cyber & Technology business, comprising middle market and large accounts, as part of the Cyber Risks 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 account level.
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 peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the Cyber & Technology account.
Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team.
Comply with the Group's minimum underwriting standards for business written through Lloyd's, Beazley Insurance Company Inc or other Beazley entities.
Develop a good working relationship with the claims managers on this class of business.
Operate as a senior member of the team, providing internal support and handling key broker relationships.

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 retail and wholesale brokers.

Maintain awareness of overall Beazley product range and take advantage of opportunities to introduce other Beazley products to clients

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 Cyber Risks team and across the company

Work with peers within Cyber 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 Cyber & Technology account as required

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. We also expect Beazley employees to :

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

Skills and Abilities

General commercial and financial knowledge

Possess underwriting ability

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

Motivational skills, team worker as well as able to work on own initiative

Ability to manage time, meet deadlines and prioritise

Knowledge and Experience

Experience of Cyber & Technology underwriting

Thorough knowledge of underwriting policy, philosophy and practice

Advanced knowledge of underwriting processes and systems

Client service experience

Aptitude and Disposition

Results focused, self-motivated, flexible and enthusiastic

Professional approach to interact successfully with managers / colleagues / external suppliers

Competencies

Achievement drive

Analytical thinking

Strategic thinking

Service focus

Team working

Conceptual thinking

Forward thinking

Salary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is 135K - 170K per year plus profit related pay and discretionary annual bonus. You will be able to discuss your salary expectations should you be contacted about this role.

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 and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.

This document is subject to review after consultation with your Manager.

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