Derived from job-description analysis by Serendipath's career intelligence engine.
Original posting from Beazley Group
Job Title: Underwriter - Cyber Risk Management
Division: Cyber Risks
Key Relationships: Brokers, underwriters, claims, wordings, insureds, external clients, and suppliers.
Job Summary: As a crucial member of the Cyber Risks team, you will underwrite a diverse Cyber & Technology account, providing expert counsel and advice on various underwriting issues. This role will leverage your technical expertise, enhancing Beazley’s market reputation.
FLSA: Exempt
Key Responsibilities:
- Underwriting:
- Build and manage a profitable portfolio of Cyber & Technology business as part of the Cyber Risks team.
- Create customized solutions that align with team underwriting parameters and policies to attract new clients and retain existing accounts.
- Lead the development of innovative non-insurance services for our clients.
- Monitor premiums, costs, and claims ratios for contracts, taking necessary actions to ensure long-term profitability.
- Assess appropriate risk premiums by balancing risk costs, reinsurance limits, and associated underwriting and administration costs.
- Oversee team performance to ensure efficient, cost-effective administration and profitable operations in the Cyber & Technology sector.
- Guide junior staff to ensure compliance with overall underwriting standards and policies.
- Collaborate with claims managers to maintain strong relationships and foster business growth.
- Client Management:
- Support and advise clients on insurance and risk matters to enhance client satisfaction.
- Build and nurture strong relationships with clients to ensure mutual understanding of needs.
- Maintain productive partnerships with brokers.
- Understand Beazley’s full product range and identify opportunities to cross-sell to clients.
- General:
- Explore networking opportunities to establish standardized underwriting practices and share best practices within Beazley.
- Contribute to the continuous improvement of knowledge sharing in the Cyber Risks team.
- Collaborate with peers within the Cyber Risks team to maximize business profitability.
- Prepare presentations and marketing materials as required.
- Conduct research and formulate business plans for the Cyber Risks account as needed.
Core Values:
In every interaction, embody Beazley's core values: Be Bold, Strive for Better, and Do the Right Thing.
- Adhere to Beazley’s procedures, policies, and regulatory practices.
- Complete required training on organizational policies and procedures.
- Uphold ethical standards that prioritize customer interests.
- Focus on delivering fair outcomes in all customer interactions.
Skills & Abilities:
- Excellent underwriting skills
- Attention to detail and strong numerical accuracy
- Exceptional analytical skills
- Effective verbal and written communication
- Strong time management and prioritization abilities
Knowledge & Experience:
- Solid understanding of commercial and financial principles
- Experience in the insurance industry
- 3-5 years’ experience in Cyber & Technology underwriting or broking
- Deep knowledge of underwriting policies and practices
- Client service experience
Aptitude & Disposition:
- Results-oriented, self-motivated, and adaptable
- Professional in dealings with colleagues and external partners
- Collaborative team player with the ability to work independently
- Customer-focused with a commitment to service excellence
Competencies:
- Achievement drive
- Analytical thinking
- Strategic mindset
- Service focus
- Team collaboration
About Beazley:
Beazley is a specialist insurance company with over 30 years of experience in helping people and businesses manage risk globally. We aim to be the highest-performing sustainable specialist insurer.
Our Culture:
We celebrate diverse cultures and experiences within a collaborative work environment. Our core values foster a family-like atmosphere that encourages accountability and innovation. We are flexible and supportive, empowering employees to work effectively in a way that suits them.
The Rewards:
- Career advancement opportunities in a dynamic organization
- Attractive salary and performance-related bonus
- Comprehensive medical, dental, and vision insurance
- 401(k) with company match
- Generous PTO and flexible working policies
- Support for home office setup and professional development
If you are excited about this role but don’t meet every qualification, we encourage you to apply anyway. You might be the perfect fit!
Source: Beazley Group careers