Job Title: Wordings Team Leader, Management Liability Global
Division: Specialty Risks
Reports To: Head of Wordings, Specialty Risks
Key Relationships: Business Management, Specialty Risks Underwriters, Compliance, Innovation and Product Development and all other relevant stakeholders
Job Summary: Provide underwriting and wordings support to assigned Specialty Risks teams or focus groups and coverage support across Specialty Risks and other Beazley trading teams as necessary. Ownership of the Executive Risk product suite.
Location: London, NYC, Chicago
Salary for this role in the US, will be tailored to the successful individual's location and experience. The expected compensation range for this position is $150 - $185k per year plus discretionary annual bonus. You will be able to discuss your
salary expectations should you be contacted about this role, whether based in the UK or the US.
Key Responsibilities:
- Primary focus is on drafting policy wordings and endorsements to support business/underwriting objectives of the Management Liability Focus Groups globally (large risk and middle market)., US Coverage experience would be an advantage.
- Line manage direct reports.
- Assist with regulatory projects where there is wordings impact.
- Assist the focus groups in addressing coverage issues raised in the underwriting and negotiation process to assist in successful closing of business opportunities.
- Assist the focus groups in achieving sales and service goals by providing high quality and timely response to queries raised.
- Providing support and advice on underwriting, product development, and coverage issues.
- If qualified, review confidentiality agreements, warranty statements and other agreements as needed for US/UK/RoW Speciality Risks Underwriters in order to engage in the underwriting process.
- Assist Specialty Risks underwriters in addressing bespoke coverage requests; requires interaction with Brokers, Insureds, other key external stakeholders (e.g. external counsel).
- Support the trading team to facilitate an organised knowledge management and sharing process.
- Coordinate projects and work collaboratively with other key stakeholders internally, including but not limited to Compliance, Claims, Conduct Risk, UW Controls and Operations, Beazley Digital, Specialty Risks, Marketing and IT.
- Monitor competitive landscapes for the continuous improvement or wordings and underwriting controls.
- Participate in Team/Focus Group business planning, away days, broker/client meetings and other marketing events, as required and appropriate.
- Provide assistance with additional projects and/or legal services (if qualified) for Business Management, Beazley Digital, Specialty Risks or other Beazley teams, as needed.
- Monitor claims developments and impact of wording on claims.
- Where applicable, participation in US Product Development and Product Delivery process which includes: product development, drafting, addressing questions and objections from state departments of insurance when necessary for US platform products.
- Where applicable, work on admitted filings and supporting the filing process for wordings and endorsements.
General
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.
- 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.
Don't meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you're excited about this role but your experience doesn't perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.
Personal Specification:
Skills and Abilities
- Organized and detailed oriented
- Computer skills - good working knowledge of MS office
- Ability to communicate effectively with others, both verbally and in writing
- Self motivated team worker who is also able to work on own initiative
- Proven ability to manage time, meet deadlines, and prioritise
- Able to maintain standards and professionalism during periods of fluctuating workloads
Knowledge and Experience
- Relevant professional level experience required
- Insurance-related experience preferred
- Strong client service skills required
Aptitude and Disposition
- Task-focused, self-motivated and flexible
- Consistently professional approach
- Able to successfully interact with managers/underwriters/colleagues/external suppliers
- Positive, enthusiastic and service oriented
Competencies
- Achievement orientation
- Analytical thinking
- Information seeking
- Customer focus
- Team working
- Initiative
- Problem solving
- Detail oriented