Focus Group Leader - US Miscellaneous Medical & Life Sciences
Company: Beazley Group
Location: Miami
Posted on: April 17, 2024
Job Description:
General
Job Description & Person Specification Job Holder: 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. To underwrite a Miscellaneous Medical account
within the Healthcare team and provide counsel and advice on
Underwriting and market issues. Provide 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 development and stretch opportunities
for strong performers where possible.Work with Culture & People as
appropriate to escalate performance concerns ensuring set
objectives are clear and measurable and progress is tracked
accordingly. General
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 US MMLS, 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
HML account as required. It is important that within all your
interactions both internally and externally you adhere 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 which
incorporates FCA and PRA ConductUndertake 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
systemDisplay business ethics that uphold the interests of all our
customersEnsure all interactions with customers are focused on
delivering a fair outcome, including having the right products for
their needsComply 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 managementCarry 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 Personal Specification: Skills
& Abilities
Proficient underwriting
skillsAccurate and numerateComputer skills - good working knowledge
of MS Office, advanced Excel skillsStrong analytical skills with
attention to detailAble to communicate effectively with others,
both verbally and in writingAbility to manage time, meet deadlines
and prioritiseMotivational skills Knowledge & Experience
General commercial and financial
knowledgeExtensive experience in the insurance industryExtensive
experience of Healthcare underwritingThorough knowledge of
underwriting policy, philosophy and practiceAdvanced knowledge of
underwriting processes and systemsClient service experience
Aptitude & Disposition
Result focused, self-motivated,
flexible and enthusiasticProfessional approach to interact
successfully with managers/colleagues/external suppliersTeam worker
as well as able to work on own initiativeCustomer focused, with a
strong ethic of service and fairness to the customer Competencies
Achievement driveAnalytical
thinkingStrategic thinkingService focusTeam workingForward
thinkingDeveloping peopleConceptual thinking This document is
subject to review after consultation with your Manager.
Keywords: Beazley Group, Key Biscayne , Focus Group Leader - US Miscellaneous Medical & Life Sciences, Healthcare , Miami, Florida
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