Underwriter

Beazley are currently seeking an Underwriter to support ourWestern Region Commercial Property team in Los Angeles, CA. This role will provide technical expertise and will maintain / improve market reputation of the Beazley brand.

Additional information regarding Beazley's E&S product line can be found here: https://www.beazley.com/usa/property/es_property.html

Some of the key responsibilities for this role include:

Underwriting

• Develop and underwrite a profitable portfolio of E&S Property business as part of the Property 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 E&S Property account.
• Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Property.
• Comply with Beazley’s underwriting control standards for business written through Lloyd’s, Beazley Insurance Company Inc or Beazley’s 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 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.

General

• Leverage networking opportunities within the business to develop standardized underwriting policy and best practice within Beazley.
• Develop best practice and disseminate business and class knowledge within the E&S Property and Property team.
• Work with peers within E&S Property and Property to maximize 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 maximize business opportunities and profitability across the Group.
• Production of presentations and marketing literature as required.
• Production of business plans/research documents for the E&S Property account as required.

Personal Specification:

Education and Qualifications

• Bachelor’s degree preferred

Skills and 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 prioritize
• Motivational skills

Knowledge and Experience

• General commercial and financial knowledge
• A minimum of 5 years experience in the insurance industry
• Extensive experience of E&S Property underwriting
• Thorough knowledge of underwriting policy, philosophy and practice
• Advanced knowledge of underwriting processes and systems
• Client service experience

Aptitude and 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