Assistant Underwriter

Primary Details

Time Type: Full time Worker Type: Employee

Assistant Underwriter - Cyber

The Opportunity:

Our Cyber team is growing - we have a newly created position due to sustained and ongoing growth across our portfolio!

We are looking for an Assistant Underwriter to join our Cyber book, part of the wider Financial Lines offering that QBE provides. Our book cover Lloyd's and Company business, with business underwritten across the UK, Europe, Australia and Canada - our appetite is broad and across a range of industries.

You will gain full exposure across the Underwriting lifecycle in this role working closely with our Underwriters and brokers. This is a great opportunity for a QBE employee looking to either pivot into or continue their career within Underwriting.

Your New Role:

• Follow the annual business plan for the portfolio and its context to be able to make decisions appropriately.
• Contribute, as required, to the planning process through research and project work.
• Participate in meetings, as required, to support the development of strategy, share knowledge and best practice.
• Support the promotion of 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.
• Contribute to the recording and measurement of insurance risks to ensure accuracy and good practice.
• Apply the reinsurance programme to minimize the susceptibility to unknown risks.
• Maintain relationships with stakeholders including customers, brokers, business partners and colleagues, to increase exposure in the market.
• Develop relationships in line with the business plan to support the achievement of business objectives.
• Develop knowledge of market dynamics and market cycles to be able to support business performance.
• Underwrite insurance risks in accordance with the business plan and delegated underwriting authority to meet business objectives, referring as required, including: | negotiating rates, terms and conditions for existing and new business | ensuring compliance with internal and external regulations and guidelines | contributing to the business plan and objectives | Support credit control in payment collection.
• Support the review and analysis of the portfolio to identify progress towards business objectives.
• Make entries, as required, properly and promptly on EO systems to ensure accuracy of data, in relation to: | Underwriting | Aggregate exposures.
• Support the aggregate management and peer review processes to encourage and develop excellence.

About You:

• Previous experience working within the general insurance market, Cyber experience preferable but not essential.
• Commercial ability to understand the key profit drivers to maximise long term wealth for our shareholders.
• Intermediate level understanding of relevant software including Excel and other departmental software packages.
• Good team player with the ability to work collaboratively and develop strong working relationships.
• Flexible approach and ability to recognise and adapt to changing business requirements.
• Ability to analyse data and use for decision making.

At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job.

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 parents and have several employee network groups that support and empower our diverse workforce.

At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation. Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include.?

Employer of the Year 2022 Winner – Insurance Insider

British Claims Awards 2022 Winner - InsurTech Award?

Insurance Times Claims Excellence Awards 2022 Winner - Claims Product Solution of the Year?

Working Families Best Practice Awards 2021 Finalist for: Best COVID-19 Response??

Insurance Post British Insurance Awards 2022 Shortlisted for: Best Customer Care, Diversity & Inclusion Initiative of the Year 2022, Specialist Insurer of the Year (for Construction), General Insurer of the Year?

We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent.

Inclusion of Diversity

We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in.

We know that diversity of thought, background and experience enables better decision making, improves the quality of our delivery and helps us to meet the needs of our customers.