This job is with Beazley, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.ResumenJob Title:
Underwriter – Renewable EnergyDivision:
MAP RisksLocation :
Madrid (Remote) / BarcelonaReports To:
As per Beazley’s organisation chartKey Relationships :
Brokers, underwriters, claims, coverholders, external clients and suppliersJob 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:
UnderwritingDevelop 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 ManagementAdvise, 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.GeneralLeverage 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. 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 Renewable Energy 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 & AbilitiesGeneral commercial and financial knowledgePossess underwriting abilityAccurate 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 writingMotivational skills, team worker as well as able to work on own initiativeAbility to manage time, meet deadlines and prioritiseKnowledge & ExperienceExtensive experience of Renewable Energy underwriting or brokingThorough knowledge of underwriting policy, philosophy and practiceAdvanced knowledge of underwriting processes and systemsClient service experienceAptitude & DispositionResults focused, self-motivated, flexible and enthusiasticProfessional approach to interact successfully with managers/colleagues/external suppliersCompetenciesAchievement driveAnalytical thinkingStrategic thinkingService focusTeam workingTeam leadershipConceptual thinkingForward thinking