Senior Financial Lines Underwriter Iberia
Descripción
The ACE Group is one of the world’s leading insurance and reinsurance companies. The parent company, ACE Limited, with its head office in Zürich, Switzerland, is listed on the New York Stock Exchange. In 2008, ACE concluded contracts with a gross premium volume of US$19.2 billion. The ACE Group has 16,000 employees worldwide.
Role Purpose:
The purpose of this role, based in Madrid, is to work closely with the Financial Lines Manager Iberia to maintain and develop the Financial Lines business in Spain & Portugal.
The final candidate will have to set, implement and achieve underwriting profit goals in accordance with business plan. And ensure underwriting integrity through appropriate deployment of underwriting guidelines and controls, consistency of approach towards risk selection, pricing, and use of capacity whilst recognising market conditions.
Key Responsibilities:
- U/W Commercial D&O – MM and MA – Portfolio management and New business, U/W Commercial PI – MM and MA – Accelerate New business
- Grow in the Portuguese market by visiting brokers in coordination with local BDM in order to obtain new business.
- To work in conjunction with the Sales & Distribution Manager and the Financial Lines Manager in the development of the key broker panel including visits as outlined in the Branch Plan.
- ACE Representative. To represent and promote ACE and maintain a permanent contact with internal colleagues and clients as well as major domestic.
- Producer Management. To represent and promote ACE corporately to brokers, internal and external clients. This may involve servicing key producers and clients, monitoring business acquisition and retention as well as maximising cross-selling opportunities.
- Financial Goals. To underwrite new business or renewals according to defined underwriting guidelines, specified budget and local business plan.
- Portfolio Integrity. To assist in formulating underwriting strategy, forecasts and portfolio management in order to achieve underwriting profitability. To ensure quality control within defined area of responsibility by undertaking quantitative underwriting reviews, running regular meetings and peer reviews.
- To work within the framework of ACE ethical and service standards.
- Product Development. To prioritise and develop products within area of specialist expertise in order to improve client retention and new business. This may involve collaborating with peers within and across business lines.
Requerimientos
Qualifications:
Bachelor Degree in Law, Business Administration, Economist or similar. Master degree would be a plus.
Languages:
Spanish and English high level – both written and spoken. Portuguese would be a plus.
Experience:
- At least 7 years’ experience as Financial Lines Underwriter.
- Used to working in a Multinational company.
- Knowledge of Spanish insurance market.
- Excellent communication and commercial skills.
- Can Do attitude
- Team worker.
- Client orientated and business focus.
- Ability to negotiate and get profitable business in accordance with company UW guidelines.
- Understanding on how individual underwriting decisions impact on business results
- Advance user of Microsoft office: Word, Excel, PowerPoint, Outlook