Job Description
This job is with Beazley, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly. General Job Title: Focus Group Leader – US Miscellaneous Medical & Life Sciences Division: Specialty Risks Reports To: As per Beazley’s organisation chart Key Relationships: Brokers, underwriters, other staff, coverholders, external clients and suppliers Job Summary: To direct and manage the US Miscellaneous Medical & Life Sciences (US MMLS) team within Healthcare. To deliver and execute the annual business plan, set and direct forecasts. Provide counsel and advice on Underwriting and market conditions. Contribute technical expertise in this business area and maintain and improve market reputation of the Beazley brand. FLSA: Exempt Key Responsibilities US Miscellaneous Medical & Life Sciences Focus Group Leader Responsibility for management of 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 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 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 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. Team Leadership As a Beazley Manager, you are expected to – Provide leadership, direction and support to the team. Foster a spirit of inclusion, teamwork and unity that reflects Beazley’s overall workplace culture, values and appreciation of the benefits of diversity. Act as a manager, mentor and coach to direct reports to enable them to fulfil their potential and ensure continuous development of them and their wider team. Ensure direct reports are supported in contributing to the delivery and achievement of the overall team and business objectives. Provide effective performance feedback on a regular basis, ensuring employees are recognised and rewarded for their contribution. Conversely, providing timely feedback to address poor performance, taking disciplinary action as appropriate. Maintain transparent and effective communication through department meetings, one-to-one meetings, email etc. Encourage knowledge sharing and effective delegation to minimise key person dependencies. Work with other team managers ensuring team resources overall are effectively utilised and people are appropriately challenged. Encourage direct reports to think proactively about their careers, signposting develop