General
Job Title: Assistant Underwriter - North America Commercial Property
Location: Chicago
Division: Specialty Risks
Reports To: As per Beazley's organisation chart
Key Relationships: Brokers, Head of Business Unit, Underwriters, Claims staff, external Clients and suppliers
Job Summary: To provide underwriting support to the NACP team and ensure that the administrative and renewal processes are run as efficiently as possible to serve both internal and external clients. To assist with underwriting NACP business.
Key Responsibilities:Underwriting- Evaluate and assess risk in order to impose precise terms and conditions required for renewals and endorsements to optimise underwriting profit.
- 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.
- 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.
- Comply with Beazley's underwriting control standards for business written through Lloyd's, Beazley's insurance companies or Beazley's internal MGAs.
Underwriting support- Support the underwriters in the delivery of an effective and efficient administration service.
- Support underwriting risk assessment process.
- Accurately process, scan and monitor risk and data entries to ensure information is up to date.
- Prepare and provide statistics and information in order to serve the requirements of the underwriters and clients.
- Produce ad hoc reports for the underwriters and other members of staff when requested.
- Interact with the underwriting support functions, ie claims, risk, compliance, to source information when necessary.
Broker/Client Interaction- Liaise with brokers and other key partners in order to develop business relationships.
- Respond to client queries in an accurate and timely fashion to develop the brand image of Beazley.
- Provide a professional service to brokers in person, by email and on the telephone.
- Chase renewal accounts by contacting brokers.
General- Undertake any other reasonable duties as may be requested by the underwriting team.
- Participate in cross-team and intra-team projects as required.
- Share knowledge with the underwriting community and the Beazley network to ensure dissemination of best practice.
- Assist with the production of presentations and marketing literature as required.
Personal Specification: Required Criteria:- Demonstrated knowledge and experience supporting commercial property products
- Proven experience supporting a range of commercial property products
- Strong knowledge and hands-on experience within the commercial property sector
Skills and Abilities- Administrative Experience
- Strong computer skills - Intermediate-Advanced Word, Excel and Outlook
- Ability to communicate effectively with others, both verbally and in writing
- Ability to manage own time, meet deadlines and prioritise work
- Attention to detail
- Accurate and numerate
Knowledge and Experience- Experience in the insurance industry
- Client service experience advantageous
Aptitude and Disposition- Self-motivated
- Outcome focused
- Flexible and enthusiastic
- Team worker with the ability to work on own initiative
Competencies- Customer focus
- Initiative
- Accuracy
- Information seeking
- Self-starter
- Team working
- Time management
- Achievement orientation
- Detail orientated
- Analytical thinking
- Relationship building
- Communication skills
The Rewards- The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization
- Attractive base compensation and discretionary performance related 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 PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs
- Up to $700 reimbursement for home office setup
- Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance
- Up to 26 weeks of fully paid parental leave
- Up to 2.5 days paid annually for volunteering at a charity of your choice
- Flexible working policy, trusting our employees to do what works best for them and their teams
Salary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is $70,000-100,000 per year plus discretionary annual bonus.
