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Casualty and Pharma Underwriter

  • Job
    Full-time
    Mid & Senior Level
  • Madrid
  • Quick Apply

AI generated summary

  • You need strong numeracy and literacy, organizational and analytical skills, excellent communication, attention to detail, in-depth knowledge of casualty underwriting, and proficiency in relevant software.
  • You will underwrite risks, ensure compliance, foster stakeholder relationships, support business plans, and coach team members while promoting best practices and minimizing risk.

Requirements

  • 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
  • Excellent teamwork skills: ability to collaborate effectively with colleagues and contribute to a positive environment.
  • Thorough understanding of class specific underwriting and reinsurance knowledge
  • Proven knowledge of relevant casualty market conditions
  • 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
  • Knowledge of QBE underwriting process and procedures including EPA’s
  • Strong proficiency in English.

Responsibilities

  • Contribute to the delivery of the annual business plan for the respective business unit by making appropriate decisions
  • Apply the reinsurance strategy in order to safeguard the casualty portfolio
  • 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

FAQs

What is the job title for this position?

The job title is Casualty and Pharma Underwriter.

Where is QBE Europe SA/NV headquartered?

QBE Europe SA/NV is headquartered in Brussels.

What qualifications are required for the Casualty and Pharma Underwriter role?

A high level of numeracy and literacy, proven organizational and analytical skills, and demonstrable interpersonal and communication skills are required.

Is underwriting experience necessary for this role?

Yes, a thorough understanding of class-specific underwriting and reinsurance knowledge is preferred.

What kind of work environment does QBE promote?

QBE promotes an inclusive environment for all employees and values diversity in the workplace.

What kind of support does QBE provide for employee development?

QBE encourages learning and development activities to maintain expertise and team knowledge, along with coaching and support for team members’ professional development.

What tools and systems should candidates be familiar with?

Candidates should have an intermediate level understanding of relevant software, including Excel and QBE underwriting systems.

Does QBE offer flexible working options?

Yes, QBE has adopted flexible working across the company and welcomes discussions on this topic.

What recognition has QBE received for its workplace practices?

QBE has received awards for Network Management of the Year, 5-Star Cyber Insurer, Green Technology Innovation, and Parental Policies.

How does QBE approach sustainability?

QBE integrates sustainability into its business through a focus on fostering a net-zero economy, enabling a sustainable workforce, and innovative, impactful solutions.

Finance
Industry
10,001+
Employees
1886
Founded Year

Mission & Purpose

QBE is an international insurer and reinsurer listed on the Australian Securities Exchange and headquartered in Sydney. We employ around 13,000 people in 27 countries. Leveraging our deep expertise and insights, QBE offers commercial, personal and specialty products and risk management solutions to help people and businesses manage risks, build strength and embrace change to their advantage.