Cyber & Tech Risk Underwriter

Job Title
Underwriter - Cyber Risks

Division
Cyber Risks

Key Relationships
Brokers, underwriters, claims, wordings, insureds, external clients and suppliers.

Job Summary
To underwrite a Cyber & Technology account within the US Cyber Risks team and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.

FLSA
Exempt

Underwriting

Develop and underwrite a profitable portfolio of Cyber & Technology business as part of the US Cyber Risks team.

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.

Manage innovation and development of non-insurance service offerings to insureds and others.

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 Cyber & Technology account.

Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Cyber Risks.

Comply with Beazley’s underwriting control standards for business written through Lloyd's, Beazley’s US subsidiaries or 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.

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.

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 Cyber Risks teams.

Work with peers within Cyber & Technology and the US Cyber Risks team 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 US Cyber Risks account as required.

Skills & Abilities

Proficient underwriting skills

Accurate and numerate

Strong analytical skills with attention to detail

Able to communicate effectively with others, both verbally and in writing

Ability to manage time, meet deadlines and prioritise

Motivational skills

Knowledge & Experience

General commercial and financial knowledge

Experience in insurance industry

3-5 years' experience of Cyber & Technology underwriting or broking

Thorough knowledge of underwriting policy, philosophy and practice

Advanced knowledge of underwriting processes and systems

Client service experience

Aptitude & Disposition

Result focused, self-motivated, flexible and enthusiastic

Professional approach to interact successfully with managers/colleagues/external suppliers

Team worker as well as able to work on own initiative

Customer focused, with a strong ethic of service and fairness to the customer

Competencies

Achievement drive

Analytical thinking

Strategic thinking

Service focus

Team working

Conceptual thinking

Forward thinking

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

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