Primary Details
Time Type: Full time
Worker Type: Employee
At QBE
At QBE, our purpose is to enable a more resilient future. Are you passionate about working for one of the world's largest insurers that offers excellent opportunities to grow your career and with offices in 28 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. Today, we employ more than 12,000 people around the world.
The opportunity
We are creating a new position as Product Manager Europe Professional Indemnity based in any of our European offices. This is an exciting opportunity to play an active role in shaping and supporting the strategy development of our Professional Indemnity (PI) Branch.
Your new role
UW Strategy and Business Plan
Alongside the Director of Underwriting and Portfolio Management - Europe, lead and execute PI underwriting strategy consistently across Europe and ensure the delivery of the PI annual business plan in alignment with overall Europe and EO PI strategy.
Responsible for the PI P&L across Europe, driving, shaping, and remediating the PI portfolio across Europe as required.
Ensure teams awareness of strategic direction of PI portfolio to achieve delivery of business objectives.
Recommend, implement, and manage the resources needed to deliver the PI plan in the most effective way.
Portfolio management, performance and reporting
In support of the Director of Underwriting and Portfolio Management - Europe, develop the PI portfolio in line with plan, risk appetite and European/EO Underwriting strategy across Europe.
Oversee the review and analysis of the PI portfolio across Europe. Monitor and report on the progress against business plan, identifying deviations, recommending, and implementing remedial action, to achieve business objectives.
Monitor and report on the progress against business plan, identifying deviations, recommending, and implementing remedial action, in order to achieve business objectives.
Work closely with Insurance Operations to ensure an appropriate recording and measurement of insurance risks for the PI Portfolio, including DUA's where relevant, driving data accuracy and good practice.
Recommend systems and reports to ensure the book of business is managed efficiently and effectively.
Technical expertise
Act as technical PI leader for Europe and first point of referral for any cases that exceed the country UW Manager authority escalating up to the relevant EO PI Leader, where appropriate, maintaining the specialist technical focus.
Refer to Director of Underwriting and Portfolio Management – Europe for input into commercially based decisions only.
Alongside EO Products Leads, agree and communicate appropriate Risk appetites for the owned line of business ensuring that portfolio teams operate within those limits.
In conjunction with the countries' P&L owner, ensure sound underwriting decisions within the product portfolio are being made, considering all risks to ensure progress toward business plan objectives.
Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance.
Reinsurance
Understand and comply with any reinsurance requirements to minimize risk and to deliver to business plan objectives.
Manage the effective purchase of facultative reinsurance across Europe for PI.
Compliance
Accountable for the compliance of QBE EO's underwriting framework for the Portfolios or business unit under their control in order that all activities (including complex underwriting):
Comply with all legal and regulatory requirements to ensure objectives are met.
Adhere to underwriting standards and good practice to minimize risks and maximize efficiency.
Meet all reporting requirements.
Enable the identification, measurement, and effective management of insurance risks.
Ensure compliance with QBE Underwriting Authority by all staff in the department.
Stakeholder Management
Establish and strengthen strong relationships with key internal stakeholders including CUO functions business partners, reinsurers, and colleagues, to maximize influence, promote the interests of QBE Europe and their portfolio(S) and achieve business outcomes.
In conjunction with European Head of Market Management and its in-country homologues, establish and strengthen excellent relationships with key external stakeholders including customers, brokers and industry bodies as appropriate for their Product line.
Represent QBE's interests, as requested, with internal and external groups, and through participation in industry forums and corporate activity to safeguard or enhance QBE's market position and maximise brand leverage.
People
Lead the UW Community for PI across Europe.
Motivate and develop the team by demonstrating good leadership behaviors and management best practice to support the achievement of business goals.
Establish clear accountabilities and authority levels for team and build a strong culture of accountability and performance to ensure delivery of goals.
About you
Experience in PI Underwriting.
Strong Leadership skills to lead UW Community.
Strong background in being able to influence & develop new opportunities.
Strategic thinking, analytic and structured mind.
Written and oral communication with excellent interpersonal skills and ability to influence at all levels of the organisation.
Ability to manage competing and changing priorities showing adaptability in a dynamic environment.
Team player, results-driven and "can do" attitude.
Why QBE? At My Best
At QBE, we want our people to feel rewarded and inspired to perform at their best. 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.
How to Apply:
To submit your application, click "Apply" and follow the step-by-step process.
Equal Employment Opportunity:
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
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