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Property Underwriter

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QBE Insurance

Jan 30

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

AI generated summary

  • You need strong numeracy, organizational, and analytical skills, excellent communication and teamwork abilities, and knowledge of property underwriting, market conditions, software, and regulations.
  • You will underwrite insurance risks, maintain compliance, foster stakeholder relationships, analyze portfolios, and coach team members to achieve business objectives and enhance expertise.

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 Property 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 Property 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 role of a Property Underwriter at QBE?

The Property Underwriter is responsible for underwriting business in accordance with the business plan and within delegated underwriting authority, contributing to the delivery of the annual business plan, applying reinsurance strategies, and ensuring compliance with legal and regulatory requirements.

What qualifications are preferred for this position?

The preferred qualifications include a high level of numeracy and literacy, proven organizational and analytical skills, demonstrable interpersonal and communication skills, and an understanding of class-specific underwriting and reinsurance knowledge.

Is experience in the insurance industry required for this role?

Yes, experience in the insurance industry, particularly in property insurance underwriting, is important for success in this role.

Will I be expected to participate in meetings and strategy development?

Yes, participation in relevant meetings to share and develop strategy, knowledge, and best practices is part of the responsibilities of the Property Underwriter.

What software proficiency is required for this job?

An intermediate level understanding of relevant software, particularly Excel and underwriting systems, is preferred for this position.

Is there a focus on diversity and inclusion at QBE?

Yes, QBE is dedicated to creating an inclusive environment and actively promotes diversity and inclusion within the workplace.

What opportunities for personal and professional development are available?

The role involves maintaining expertise and team knowledge through identifying appropriate learning and development activities, and there are opportunities for coaching and mentorship.

How does QBE support employee wellbeing?

QBE has created a program called "At My Best" which includes wellbeing initiatives and benefits that offer flexibility to suit individual employee needs.

Are there any specific reinsurance strategies mentioned for this position?

Yes, the Property Underwriter is expected to apply the reinsurance strategy to safeguard the Property portfolio.

What kind of team environment does QBE promote?

QBE promotes a collaborative and supportive team environment, encouraging effective teamwork and a positive workplace culture.

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QBE Insurance

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.