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Beacon Insurance Company Limited

Senior Technical Operations Specialist – Underwriting

Beacon Insurance Company Limited

  • Port-of-Spain
  • Not disclosed
  • Permanent full-time
  • Updated 14/01/2025
  • Human Resources
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The incumbent s responsible for providing comprehensive technical support to Underwriters, as well as underwriting, and managing complex property and casualty insurance risks for all lines of P&C business.

KEY POSITION RESPONSIBILITIES:

  • Ensure that Underwriting Guidelines are continuously updated to reflect existing market/industry conditions and practices.
  • Ensure Guideline contents are structured and worded in a user friendly and easily interpretable manner;
  • Utilize underwriting tools and data analytics to assess risk and make informed underwriting decisions.
  • Identify and recommend reinsurance facilities or treaty changes to the VP.
  • Engage with our reinsurance broker on complex placements and specil acceptances.
  • Review and revise policy documents, forms, and technical wordings as needed.
  • Ensure appropriate version controls are applied and maintained on all Company's Insurance Policy Wordings, Forms, Guidelines and other technical documents, using the designated technology applications;'
  • Evaluate and underwrite complex P&C risks, ensuring compliance with company guidelines.
  • Work closely with Corporate Services and Sales & Business Development to develop new products aligned with market needs.
  • Work closely with the VP in the preparation and submission of Annual Operational Plans and Budgets, Monthly Reports and provide input for the Quarterly CE Report.
  • Assist in managing company relationships with Reinsurers and Reinsurance Brokers by attending and contributing to meetings as required.
  • Collaborate with Sales and Business Development staff to stay informed about market trends and underwriting strategies.
  • Assess internal training needs based on trends and audit reports.
  • Develop and evaluate learning programs for Underwriters, Salesmen, and Agents.
KEY TECHNICAL COMPETENCIES:
  • Advanced knowledge and understanding of the core principles of insurance and how this is applied on a day to day basis.
  • Knowledge and understanding of the range of insurance products and services available in the market.
  • Knowledge and understanding of regulatory requirements and how to meet these on a day to day basis.
  • Knowledge of how claims should be handled and managed.
  • Knowledge and understanding of the information gathering process, the factors that affect the acceptance and underwriting of risks.
  • Advanced knowledge and understanding of Beacon’s underwriting processes and procedures which is needed for new risks, alterations, renewals and/or cancellations. 
EXPERIENCE AND QUALIFICATIONS:
  • Minimum five (5) CXC/CSEC passes including Math and English (minimum grade 2)
  • Bachelor degree in Business Management or related field
  • Initiation of CII Diploma/Advanced Dip/CPCU/ACII/AINS
  • Minimum 5 years technical insurance experience
  • For candidates that lack specific academic qualifications, a combination of experience &/or qualifications will be considered for Grades I & II ONLY

Ref: BICL 118
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Beacon Insurance Company Limited

Beacon Insurance Company Limited

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