Assistant Underwriter

6 days ago

London, UK, United Kingdom myGwork Full time

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.

General

Job Title: Technical Assistant Underwriter - Space

Division: Marine

Reports To: As per Beazley's organisation chart

Key Relationships: Brokers, Head of Business Unit, Underwriters, Claims Staff, Reinsurers, external Clients and suppliers

Job Summary:

To provide technical and underwriting support to the Space team and supervise and ensure that the administrative processes with the UCO are run as efficiently as possible to serve both internal and external clients.

To support and assist with the technical aspects of underwriting Space business.

Key Responsibilities:

Technical

  • Evaluate and assess satellites, spacecrafts and launch vehicles technical risks in order to contribute to optimise underwriting profit.
  • Evaluate and assess satellites, spacecrafts and launch vehicles claims.
  • Stay proficient/fluent and reports on latest space engineering technologies and industry trends.
  • Maintain and upgrade existing space databases and statistical space reliability models and produce new analytical tools as required, including work in collaboration with Beazley actuaries.
  • Develop and make best value of network with the space engineering community and space industry.

Underwriting support

  • Support underwriting risk assessment process.
  • Support the UCO in the delivery of an effective and efficient administration service.
  • Review reinsurance bordereaux.
  • Accurately process and monitor space risks 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.
  • Produce ad hoc reports for the underwriters and other members of staff when requested.
  • Interact with the underwriting support functions, i.e. 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.

General

  • Leverage networking opportunities within the business to develop best practice within Beazley.
  • Develop best practice and disseminate business and class knowledge within the MAP
  • Work with peers within the space team and MAP 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 Space 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:

Education and Qualifications

Minimum Bachelor's Degree education in Engineering, ideally Aerospace Engineering

Skills & Abilities

  • Strong computer skills, ability with statistical model advantageous
  • 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 & Experience

  • Ideally experience in the Space industry or the Space insurance market
  • Client service experience
  • Experience in the insurance industry advantageous

Aptitude & Disposition

  • Self-motivated
  • Outcome focused
  • Flexible and enthusiastic
  • Team worker with the ability to work on own initiative

Competencies

  • Analytical thinking
  • Initiative
  • Accuracy
  • Information seeking
  • Achievement orientation
  • Detail orientated
  • Self-starter
  • Customer focus
  • Team working
  • Time management
  • Relationship building
  • Communication skills

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