Product Manager Europe, Construction

OverviewThe purpose of this role is to strategically manage and develop a profitable portfolio of Construction risks in Europe in alignment with the business plan. This involves providing leadership in product strategy, pricing, and portfolio management, while ensuring compliance with legal and regulatory requirements. The role also includes driving profitable growth, managing resources effectively, and overseeing the country’s and Europe P&L for the Construction business lines within the organisation.At QBE, our purpose is to enable a more resilient future. We are creating a new role as part of our growth European strategy plan to grow QBE’s Construction practice across Europe. The European Construction Product Leader can be based in any of our European offices or London.Your new roleUW Strategy and Business PlanAlongside the Director of Underwriting and Portfolio Management - Europe, lead and execute Construction underwriting strategy consistently across Europe and ensure the delivery of the Construction annual business plan in alignment with overall Europe and EO Construction strategy.Responsible for the Construction P&L across Europe, driving, shaping, and remediating the Construction portfolio across Europe as required.Ensure teams awareness of strategic direction of Construction portfolio to achieve delivery of business objectives.Recommend, implement, and manage the resources needed to deliver the Construction plan in the most effective way.Portfolio management, performance and reportingIn support of the Director of Underwriting and Portfolio Management - Europe, develop the Construction portfolio in line with plan, risk appetite and European/EO Underwriting strategy across Europe.Oversee the review and analysis of the Construction portfolio across Europe. Monitor and report on the progress against business plan, identifying deviations, 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. Review and drive actions arising from reports that:regularly monitor the performance of the portfolio gross and net of reinsurancemonitor performance against the business plan.comply with exception reporting criteria as required.audit the underwriting performance against QBE underwriting standards.Work closely with Insurance Operations to ensure an appropriate recording and measurement of insurance risks for the Construction 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 expertiseAct as technical Construction leader for Europe and first point of referral for any cases that exceed the Portfolio Manager authority escalating up to the relevant EO Construction 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.Alongside EO Products Leads, agree and communicate establish aggregate limits and govern activity within these limits for the Construction line.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.Contribute to the aggregate management and peer review processes to encourage and develop excellence.Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance.ReinsuranceUnderstand and comply with any reinsurance requirements to minimize risk and to deliver to business plan objectives.Apply the Reinsurance strategy affecting portfolio(s).Manage the effective purchase of facultative reinsurance across Europe for Construction.ComplianceAccountable 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 ManagementEstablish 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.PeopleLead the UW Community for Construction across EuropeMotivate and develop the team by demonstrating good leadership behaviors and management best practice to support the achievement of business goals.Continually develop Product underwriting expertise and technical knowledge through identifying and implementing appropriate development activitiesWork with the Country Underwriting Managers to provide direction and support when developing the team, so as to ensure that people are available and aligned with business needs.Establish clear accountabilities and authority levels for team and build a strong culture of accountability and performance to ensure delivery of goals.About YouExperience in Construction UnderwritingStrong Leadership skills to lead UW CommunityExperience in delivering strategic and change insurance solutions to clients who require the pooling of a broad base of technical expertise.Knowledge of how to operate in a matrix management environment where active listening and influencing skills are required.Strong background in being able to influence & develop new opportunities.Strong ability in managing relationships at senior Executive & leadership level, creating not only positive influence but clear value return to the business.Strategic thinking, analytic and structured mindWritten and oral communication with excellent interpersonal skills and ability to influence at all levels of the organisationAbility to manage competing and changing priorities showing adaptability in a dynamic environment.Ability to operate across functions, and numerous locations/territories.Team player, results-driven and “can do” attitudeHow to Apply & Equal Employment OpportunityQBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates. 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