Cyber Underwriter

Primary Details

Time Type: Full time

Worker Type: Employee

To underwrite business in accordance with the business plan and within delegated underwriting authority

Cyber Underwriter

Madrid/Hybrid

Leveraging our deep expertise and insights, QBE offers commercial, personal and specialty products and risk management solutions to help people and businesses manage risks. Today, we employ more than 13,000 people around the world.

QBE Europe SA/NV is headquartered in Brussel and while we are international in our outlook, we are also proudly local in our operations with our Spain office in Madrid.

With our comprehensive product offering and underwriting expertise, we are able to cover a wide range of business risks, helping our clients to identify them and minimise their exposure.

If you are looking to progress your career within insurance and want to be part of a successful organisation with strong growth ambitions, then read on.

The Opportunity:
Reporting into the Financial Lines Portfolio Manager; to underwrite business in accordance with the business plan and within delegated underwriting authority.

Your responsibilities for this role may include, but are not limited to:

- Contribute to the delivery of the annual business plan for the respective business unit by making appropriate decisions
- Participate in all relevant meetings in order to share and develop strategy, knowledge and best practice
- Positively promote the department, division and company as a whole in order to maximize brand leverage
- Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
- Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency
- Ensure the recording and measurement of insurance risks, (including DUA’s if relevant) to ensure accuracy and good practice
- Understand and comply with any reinsurance requirements to minimize risk and to deliver business plan objectives
- Establish, strengthen and develop relationships with stakeholders including customers, brokers, business partners and colleagues to maximize influence and achieve business objectives
- Demonstrate an understanding and awareness of market dynamics and market cycle to enhance business performance
- Maintain expertise and team knowledge through identifying appropriate learning and development activities
- Underwrite insurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives including: | Negotiating rates terms and conditions for existing and new business | Compliance of production and issue of contract certainty documentation (non Lloyds) | Ensuring compliance with internal and external regulations and guidelines | Ensuring contribution to the business plan and objectives | Support credit control in payment collection
- Participate in the review and analysis of the portfolio to identify progress toward business objectives
- Ensure entries are properly and promptly recorded on EO systems to ensure accuracy of data in relation to: | Underwriting | Aggregate exposures
- Contribute to the aggregate management and peer review processes to encourage and develop excellence
- Motivate and coach team members to ensure the relevant knowledge and expertise is shared for their continuing personal and professional development

About you

You will need to be able to display you have the following qualifications and experience:

- A high level of numeracy and literacy
- Proven organizational, prioritisation and analytical skills
- Demonstrable interpersonal, communication and negotiating skills
- Ability to analyse data and use for decision making
- Attention to detail

Preferred Competencies/Skills:

- Thorough understanding of class specific underwriting and reinsurance knowledge
- Proven knowledge of relevant market conditions for specific class/portfolio
- Familiar with relevant QBE underwriting systems
- Intermediate level understanding of relevant software including Excel and other departmental software packages
- Knowledge of legal and regulatory requirements (specific reference to FSA/Lloyds regulation)
- Knowledge of QBE underwriting process and procedures including EPA’s

Why QBE? At My Best

At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA - because we know it’s not just what we do that matters, it’s how we do it that makes the difference. In addition to this, we also offer flexible parental leave for both