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Job Title: Underwriter - Renewable Energy
Division: MAP Risks
Location: Madrid (Remote) / Barcelona
Reports To: As per Beazley’s organisation chart
Key Relationships: Brokers, underwriters, claims, coverholders, external clients and suppliers
Job Summary: To underwrite a Renewable Energy account within the Energy team and provide counsel and advice on underwriting and market issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.
Key Responsibilities:
* Develop and underwrite a profitable portfolio of Renewable Energy business as part of the Energy team and wider MAP Risks division.
* 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 Renewable Energy account.
* Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Marine.
* Comply with the Group’s minimum underwriting standards for business written through Lloyd’s 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.
* 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 standardised underwriting policy and best practice within Beazley.
* Develop best practice and disseminate business and class knowledge within the Energy, Marine and MAP Risks teams.
* Work with peers within Energy, Marine and MAP Risks to maximise business opportunities and profitability within the department, including 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.
* Produce presentations and marketing literature as required.
* Produce business plans/research documents for the Renewable Energy account as required.
It is important that all interactions both internally and externally adhere to Beazley’s core values: Being Bold, Striving For Better, and Doing The Right Thing, contributing to an environment of teamwork and promoting a positive brand image. Employees are expected to:
* Comply with Beazley procedures, policies, and regulations including the PRA and FCA Conduct.
* Undertake training on Beazley policies and procedures as delivered by line managers or assurance teams.
* Display business ethics that uphold the interests of all customers.
* Ensure interactions with customers deliver a fair outcome, with the right products for their needs.
* Keep up to date with developments in policies, standards, and customer relationship management.
* Carry out additional responsibilities as notified, including participation in committees or working groups.
Personal Specification:
Skills & Abilities:
* General commercial and financial knowledge
* Underwriting ability
* Accurate and numerate
* Good MS Office skills, especially Excel
* Strong analytical skills with attention to detail
* Effective verbal and written communication
* Motivational, team-oriented, and able to work independently
* Time management skills to meet deadlines and priorities
Knowledge & Experience:
* Extensive experience in Renewable Energy underwriting or broking
* Thorough knowledge of underwriting policies and practices
* Advanced understanding of underwriting processes and systems
* Client service experience
Aptitude & Disposition:
* Results-driven, self-motivated, flexible, enthusiastic
* Professional in interactions with managers, colleagues, and external suppliers
Core Competencies:
* Achievement drive
* Analytical and strategic thinking
* Service focus
* Teamwork and leadership
* Conceptual and forward thinking
Seniority level
* Not Applicable
Employment type
* Full-time
Job function
* Finance and Sales
* Insurance industry
Note: The job posting does not indicate that it is expired; therefore, it is assumed active.
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