Technology Industry Practice Leader CEMENAMadrid, Spain
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Job DescriptionRole Purpose: The purpose of the role is the management and leadership of the CEMENA Technology Industry Practice.
The successful candidate must demonstrate strong competency and experience in the following areas:
Technical Underwriting Skills The Manager will be expected to be passionate about and have experience in all relevant areas of underwriting (PI, Cyber, and casualty) as they relate to Technology Companies, and have a broad understanding of Chubb's appetite, preferred trades, and wordings as well as those of key competitors.
Ultimately, the role must be capable of holding high levels of underwriting authority and be comfortable taking referral work from the CEMENA Technology team.
Planning & Execution Prepare and execute a business plan for the Technology Industry Practice with key actions and tactics.
Delivery and execution of the financial plan is a critical responsibility for this role, ensuring that rate, retention, and new business numbers are planned and forecast accurately and that monthly production targets are met.
Target Operating Models Lead and actively support adherence to Chubb's target operating models.
This will require an understanding of the Operating Model that Chubb wishes to follow and pro-active execution to achieve the required outcome.
Drive and maintain best practice and disciplines around usage of key operational systems, and look for opportunities to continuously improve our processes to generate operational efficiency.
People Management Leadership in a matrix environment of a large team of underwriters across the region.
This role will set the vision and plan, support the day-to-day needs of the team, plus play an active part in supporting the talent and development needs of underwriters.
Broker and Market Engagement Have an understanding of the broker landscape for Technology across the regions and directly support high-value relationships and opportunities.
Ensure focus around driving the pipeline of new business activity with underwriters and Distribution to meet plan.
Raise Chubb's profile as a Technology industry expert through marketing collateral and events, engagement with technical market bodies, plus speaking at client, broker, and industry forums/events.
QualificationsKey Responsibilities Planning: Prepare and execute a business plan for the Technology Industry Practice with key actions and tactics.Financial Target: Delivering and exceeding the Technology Practice financial plan.Underwriting Referral: Act as the main referral point for technology underwriters.Strategic Focus: Work closely with Line of Business Heads and COG to formulate and deliver on an underwriting strategy.
Ensure quality control within defined area of responsibility by undertaking quantitative underwriting reviews, running regular management meetings.
Support effective management of the technology portfolio.Procedures: Meet company standards in respect of policy documentation, contract certainty, and compliance and regulatory requirements.Compliance: Be responsible for Peer review implementation across the practice and the completion of all audit requirements and actions within agreed timescales and adherence to all legal compliance standards.Leadership: Promote Chubb as a 'Go to' market to brokers and clients.
Act as a senior representative for Industry Practices (both internally and externally), driving the strategic relationships, in terms of trading and execution with all our broking partners.
Support and encourage colleagues to drive the business.
Responsible for the strategic and operational management of the team.Product Development: Develop and seek out new opportunities to innovate within the Technology practice, working with other stakeholders (including other Product lines) to generate new ideas.
Regularly conduct and share market research and intelligence.
Identify and harness new opportunities.Training/People: Work with regional managers and COG to ensure the provision of appropriate training and mentoring support in the team to support appropriate authority delegation.
Ensure there is robust succession planning in place across the practice.Operational Management: Understand, interpret, and communicate to the team effectively the Strategic Priorities of the Practice.
Continually monitor and effectively manage the allocation of resources to meet business objectives, ensuring external priorities and broker needs are constantly at the forefront of our decision-making process.
Shape and refresh roles for employees, maximizing both individual employees' and the team's potential.
Manage, track, and review performance of the team and individual team members.Ignite: Manage the online Technology product, seeking opportunities to grow our SME portfolio.Skills & Experience Required: Strong multiline underwriting experience across Tech E&O, Cyber & Casualty.Extensive knowledge of the Technology sector.People management and leadership skills.Strong working knowledge of the technology insurance market and competitors.Results-driven with the ability to make own decisions and work on own initiative.An experienced professional whose expertise is recognized externally.Being able to demonstrate examples of strategy development and operational improvement would be desirable.Ability to execute and influence at all levels both internally and externally.Benefits will be confirmed during the selection process. Job InfoJob Identification: 14209Job Schedule: Full timeRegular or Temporary: RegularBusiness Unit: SpainLegal Employer: Chubb European Group SE Spanish Branch
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