Business Management, Specialty Risks Underwriters , Compliance, Innovation and Product Development and all other relevant stakeholders
Summary
Job Summary:
Provide underwriting and wordings support to assigned to Environmental Liability team in Specialty Risks s and general support across Specialty Risks and other Beazley trading teams as necessary.
Salary for this role will be tailored to the successful individual’s location and experience. The expected compensation range for this position is $120 - $140k per year plus discretionary annual bonus. You will be able to discuss your salary expectations should you be contacted about this role.
Wordings
Primary focus is on drafting policy wordings and endorsements and assisting with bespoke coverage requests to support business/underwriting objectives of the Environmental Liability Specialty Risks teams/focus group.
Providing legal advice to the underwriting team to assist in the underwriting process examples include review of contractual documentation/transactions document including real estate transactions.
Supporting underwriters in negotiations with opposing parties in a transaction on coverage matters
Providing support on underwriting, product development, and coverage issues.
If qualified, review confidentiality agreements and warranty statements as needed for US/UK/RoW Speciality Risks Underwriters in order to engage in the underwriting process.
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.
Coordinate projects and work collaboratively with other key stakeholders internally, including but not limited to Compliance, Claims, Conduct Risk, UW Controls and Operations, 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, Specialty Risks or other Beazley teams, as needed
Monitor claims developments and impact of wording on claims
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.
Education And Qualifications
Undergraduate Degree or Law Degree preferred
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
Experience of environmental law, real estate transactions preferably with a focus on brownfield properties
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
Developing People
Detail Oriented
Seniority level
Entry level
Employment type
Full-time
Job function
Legal
Industries
Insurance
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