Focus Group Leader - US Miscellaneous Medical and Life Sciences

About the role

The US Miscellaneous Medical & Life Sciences Focus Group Leader will direct and manage the US MMLS team within Healthcare, delivering and executing the annual business plan, setting and directing forecasts, and providing counsel and advice on Underwriting and market conditions.

Responsibilities

• Manage the US MMLS focus group, including business planning and underwriting
• Develop and implement business strategies for the team in agreement with the head of the Healthcare team
• Plan, direct, co-ordinate and maintain the team to achieve business objectives and target profitability
• Monitor the portfolio and take corrective measures if necessary to ensure long-term profitability
• Ensure that own and team activities comply with all relevant company, regulatory and legal requirements
• Deliver team responsibilities as delegated by the head of the Healthcare team
• Provide proactive oversight of all US MMLS underwriting and related functions within the Healthcare Underwriting
• Develop and underwrite a profitable portfolio of HML business as part of the Healthcare team
• Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy
• 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
• Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the HML accounts
• 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, Beazley Insurance Company Inc or Beazley’s 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, and maintain good business relationships with brokers.

Team Leadership

Provide leadership, direction and support to the team, foster a spirit of inclusion, teamwork and unity, and act as a manager, mentor and coach to direct reports to enable them to fulfil their potential.

Requirements

• 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

Qualifications

• General commercial and financial knowledge
• Extensive experience in the insurance industry
• Extensive experience of Healthcare underwriting
• Thorough knowledge of underwriting policy, philosophy and practice
• Advanced knowledge of underwriting processes and systems
• Client service experience

Skills

• Achievement drive
• Analytical thinking
• Strategic thinking
• Service focus
• Team working
• Forward thinking
• Developing people
• 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, plus paid public holidays
• Additional PTO purchase available
• Up to $700 reimbursement towards home office setup
• Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance
• Opportunity to save for, and purchase, shares of Beazley stock
• Six months fully paid parental leave
• Company paid sabbatical up to 12 weeks after 10 years of continued service
• Support with exam/study leave and fees for relevant qualifications
• Up to 2.5 days matched paid leave for volunteering at a charity of your choice
• 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

Pay

The expected compensation range for this position is $230k - $280k per year and discretionary annual bonus.