Job Description
Job Description - Underwriter / Senior Underwriter - Retail Property - London (23UKMM06D20230126)
Job Description
Underwriter / Senior Underwriter - Retail Property - London (
Job Number:
23UKMM06D20230126 )DISCOVER your opportunity
AXA XL is a major international player within Property & Casualty commercial lines, insuring companies with the most complex risks across different territories. As we look to the future, our desire is to continue growing to ensure we are meeting the needs of all our clients regardless of the business types and sizes. In order to achieve this aim we are delighted to be investing within the Middle Market segment which mainly focus on domestic and international clients with increasing complexity across Property and Casualty lines in the UK. This evolving Underwriting practice will be supported by dedicated teams in Distribution, Claims, Operations, Actuarial and Risk Consulting.
This growth ambition means we have created opportunities within the Property and Casualty Underwriting teams for ambitious professionals who are excited by the challenge of an expanding organisation. We are looking for Underwriters across the UK who have proven experience in the Middle Market P&C segment, with an inquisitive and entrepreneurial mindset, a desire to find innovative ways to meet client needs and develop business opportunities across multiple products.
In return you will benefit from extensive training and career development support, including a bespoke Underwriter specific induction and new joiner training, access to the Underwriting Academy for ongoing training on a wide range of topics, supported by market leading infrastructure. You will also enjoy the extensive employee benefits package, competitive salary, excellent bonus opportunity and flexible working practices.
Retail Property Practice
The UK International Property Underwriting Team within AXA XL insures the Property Damage and Business Interruption risks for a diverse portfolio of large and corporate clients globally, spanning a broad range of trades from retail, pharmaceutical all the way through to food manufacturers.
The team offers innovative risk transfer and risk management solutions that meet the needs of today’s local businesses and global players alike by working closely with dedicated loss prevention service units and account management teams.
As an Underwriter II, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. You key tasks include: underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; ensuring adequate reinsurance acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
DISCOVER your opportunity
What will your essential responsibilities include?
Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
Calculating appropriate risk premium by considering the risk costs inherent to the … sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention
Controlling timely implementation of new and renewed accounts according to quality standards.
In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.
Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy
Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.
You will report to the Underwriting Manager
We’re looking for someone who has these abilities and skills:
Under technical direction, works within significant limits and authority on assignments of higher technical complexity and coordination.
Possesses demonstrated technical knowledge and skills, including product and industry, reflective of successful progression through various job family levels.
Advanced analytical, negotiation and sales/marketing skills.
Excellent written and oral communication skills.
Interpersonal Savvy - Demonstrated ability to build and maintain strong insured and broker contacts.
Ability to develop and understand business processes, strategy and planning.
Collaborative team player who provides creative solutions and ideas for resolution
FIND your future
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a strong and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
At AXA XL we are happy to talk flexible working. We are committed to building a diverse and inclusive workforce and consider flexible ways of working for every role. Talk to us about how we can make flexibility work for you.
At AXA XL our approach to corporate responsibility (CR) is the same as our approach to business; constantly seeking to provide innovative solutions to the world’s most complex problems. From offering our expertise, products and services to help build more resilient communities, to advancing understanding and response to climate change, our strategy – Our Impact. Our Future. – aligns key issues that are pertinent to our business – climate, water and financial resilience - and contributes to AXA Group’s purpose to “Act for human progress by protecting what matters.”.
Climate: We’re reducing our carbon footprint, protecting ecosystems and exploring how our business can help build a better world.
Water: We’re developing water resilience where it is — and will be — needed most.
Financial resilience: We’re helping create opportunities for the unemployed and underemployed, so they can be better prepared for unexpected changes.
Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as our “Hearts in Action” programs.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, while creating an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.
Five Business Resource Groups focused on gender, LGBTQ+, race/ethnicity, disability and inclusion with 20 Chapters around the globe
Robust support for Flexible Working Arrangements
Enhanced family friendly leave benefits
Named to the Diversity Best Practices Index
Signatory to the UK Women in Finance Charter
AXA XL is an Equal Opportunity Employer.
Location
: GB-GB-LondonWork Locations
: GB London 20 Gracechurch Street 20 Gracechurch Street London London EC3V 0BG
Job Field
: Conversion1
Schedule
: Full-time
Job Type
: StandardAXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.