Underwriter - Miscellaneous Medical
Company: Beazley Group
Location: Boston
Posted on: October 21, 2024
Job Description:
General
Job Title: Underwriter - Miscellaneous Medical Division: Specialty
Risks Key Relationships: Brokers, Underwriters, Claims staff,
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. Key
Responsibilities: Underwriting
Develop and underwrite a profitable
portfolio of Miscellaneous Medical business as part of the
Healthcare 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 Miscellaneous Medical account.Monitor and
supervise assistants in their daily work to ensure compliance with
underwriting philosophy and policy and consistency within the team
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.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 standardised underwriting policy and
best practice within Beazley.Develop best practice and disseminate
business and class knowledge within the Healthcare and Specialty
Risks teams.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. 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.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 customersEnsure 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
Proficient underwriting
skillsAccurate and numerateComputer skills - good working knowledge
of MS Office, advanced Excel skillsStrong analytical skills with
attention to detailAble to communicate effectively with others,
both verbally and in writingAbility to manage time, meet deadlines
and prioritiseMotivational skills Knowledge and Experience
General commercial and financial
knowledgeExperience in insurance industryExperience of Healthcare
underwritingThorough knowledge of underwriting policy, philosophy
and practiceAdvanced knowledge of underwriting processes and
systemsClient service experience Aptitude and Disposition
Result focused, self-motivated,
flexible and enthusiasticProfessional approach to interact
successfully with managers/colleagues/external suppliersTeam worker
as well as able to work on own initiativeCustomer focused, with a
strong ethic of service and fairness to the customer Competencies
Achievement driveAnalytical
thinkingStrategic thinkingService focusTeam workingForward
thinkingConceptual thinking
Keywords: Beazley Group, Brookline , Underwriter - Miscellaneous Medical, Other , Boston, Massachusetts
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