Underwriter - Life Sciences jobs in United States
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Beazley · 7 hours ago

Underwriter - Life Sciences

Beazley is a dynamic organization seeking an Underwriter for their Miscellaneous Medical & Life Sciences account within the Healthcare Team. The role involves underwriting, client management, and developing profitable business solutions while maintaining strong relationships with clients and brokers.

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Comp. & Benefits

Responsibilities

Develop and underwrite a profitable portfolio of Miscellaneous Medical & Life Sciences business as part of the Healthcare 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
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 French and continental European Miscellaneous Medical & Life Sciences account
Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Specialty Risks
Comply with Beazley’s underwriting control standards for business written through Lloyd’s, or Beazley’s internal MGAs
Develop a good working relationship with the claims managers on this class of business
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
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 Healthcare and Specialty Risks team
Work with peers within Healthcare and Specialty Risks 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 Miscellaneous Medical & Life Sciences account as required

Qualification

Underwriting skillsHealthcare underwritingAnalytical skillsMicrosoft ExcelClient service experienceCommercial knowledgeFinancial knowledgeCommunication skillsTime managementTeamworkMotivational skills

Required

Minimum 5 years of underwriting experience in healthcare-related insurance segments such as Miscellaneous Medical, Allied Healthcare, or Healthcare Professional Liability, including risk assessment, pricing, and portfolio management
Advanced analytical and financial skills with the ability to interpret underwriting guidelines, perform exposure evaluations, and make data-driven decisions
High proficiency in Microsoft Excel (including pivot tables, VLOOKUP, and complex formulas) and strong communication skills for negotiating terms and presenting underwriting decisions to brokers, clients, and internal stakeholders
Proficient underwriting skills
Accurate and numerate
Computer skills - good working knowledge of MS Office, advanced Excel skills
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
General commercial and financial knowledge
Experience in insurance industry
Experience of Healthcare underwriting
Thorough knowledge of underwriting policy, philosophy and practice
Advanced knowledge of underwriting processes and systems
Client service experience
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
Achievement drive
Analytical thinking
Strategic thinking
Service focus
Team working
Forward thinking
Conceptual thinking

Benefits

Attractive base compensation and discretionary performance related annual 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 annual PTO (full-time, prorated for 1st calendar year of employment), plus paid public holidays with the ability to flex the religious bank holidays to suit your religious beliefs. Additional PTO purchase is available up to a maximum of 5 days per calendar year.
Up to $700 reimbursement towards home office setup
Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance in support of your wellbeing
The opportunity to save for, and purchase, shares of Beazley stock
Six months fully paid parental leave, regardless of how you come to parenthood
Company paid sabbatical up to 12 weeks after 10 years of continued service
Support with exam/study leave and fees for relevant qualifications related to furthering education
Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annually
Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business

Company

Beazley provides insurance services for businesses.

Funding

Current Stage
Public Company
Total Funding
$415.79M
2022-11-15Post Ipo Equity· $415.79M
2002-11-12IPO

Leadership Team

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Barbara Plucnar Jensen
CFO
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Company data provided by crunchbase