Underwriter - US Exec Risk

Job Title: Underwriter - US Exec Risks Division: Specialty Risks Key Relationships: Brokers, underwriters, claims, wordings, insureds, external clients and suppliers Job Summary: To underwrite a D&O account within the Executive Risk 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. FLSA: Exempt Key Responsibilities: Underwriting Develop and underwrite a profitable portfolio of US Exec Risks business as part of the US Exec Risks team. Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy to win new business and retain existing. Manage innovation and development of non-insurance service offerings to insureds and others. Monitor premiums, costs and claims ratios per contract and take corrective measures to ensure long term profitability at 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 and efficient administration of the US Exec Risks account. Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy. Comply with Beazley's underwriting control standards for business written through Lloyd's, Beazley's subsidiaries or internal MGAs. Develop a good working relationship with the claims managers on this class of business. Client Management Advise, assist and service clients on insurance and risk matters to ensure clients' satisfaction. Foster positive relationships with clients to understand both their and Beazley's needs. Maintain good business relationships with 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 standardized underwriting policy and best practices within Beazley. Develop best practices and disseminate business and class knowledge within the US Exec Risk team. Work with peers within the US Exec Risks and Specialty Risks to maximize business opportunities and profitability. Share and gather knowledge within the Beazley Group to maximize business opportunities and profitability across the Group. Production of presentations and marketing literature as required. Production of business plans/research documents for the US Exec Risks account as required. It is important that within all interactions both internally and externally you adhere to Beazley's core values - Being Bold, Striving for Better, and Doing the Right Thing. Comply with Beazley procedures, policies and regulations including the code of conduct. Undertake training on Beazley policies and procedures as delivered by your line manager. Display business ethics that uphold the interests of all our customers. Ensure all interactions with customers are focused on delivering a fair outcome. Comply with any specific responsibilities necessary for your role as outlined by your line manager. Carry out additional responsibilities as individually notified. Personal Specification: Skills & Abilities Proficient underwriting skills Accurate and numerate 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 prioritize Motivational skills Knowledge & Experience General commercial and financial knowledge Experience in insurance industry Experience of public and private D&O underwriting or broking 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 Conceptual thinking Forward thinking The rewards: The opportunity to connect and build long-lasting professional relationships while advancing your career. Attractive base compensation and discretionary performance related annual 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 annual PTO, plus paid public holidays. Up to $700 reimbursement towards home office setup. Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance. The opportunity to save for, and purchase, shares of Beazley stock. Six months fully paid parental leave. Company paid sabbatical up to 12 weeks after 10 years of continued service. Support with exam/study leave and fees for relevant qualifications. Up to 2.5 days matched paid leave for volunteering at a charity of your choice. Smart working policy and flexible working culture. Salary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is 160k - 210k per year plus profit related pay and discretionary annual bonus. 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, we encourage you to apply anyway. This document is subject to review after consultation with your Manager. #J-18808-Ljbffr

Created: 2025-02-01