Underwriting Assistant - 12 Months Fixed Term Contract
Job Description
Underwriting Assistant - 12 Months Fixed Term Contract Sydney, NSW We are seeking a detail-oriented and proactive Underwriting Assistant to support our Underwriting team
The ideal candidate will assist with pre and post-binding processes, manage documentation and reporting, and ensure the accuracy of data in collaboration with offshore Enterprise Shared Services teams
This role involves handling reinsurance payments, premium calculations, assist credit control queries, making it essential for candidates to have strong analytical skills and attention to detail
DISCOVER your opportunity Key Responsibilities: Assist Underwriters with pre and post-binding of accounts, ensuring all instructions are sent to Enterprise Shared Services for processing in the systems
Submit requests on in-house platforms and coordinate with relevant teams for timely execution
Collaborate effectively with the offshore team to ensure timely requests for quotes, name clearance, and accurate binding of quotes
Engage proactively with Underwriters to facilitate a smooth account handover, ensuring that all received information is understood and complete for processing and provide clear policy instructions to processing teams
Ensure that all relevant documents are sent to the processing teams, maintaining data accuracy throughout the process
Manage reinsurance payments, ensuring timely payments that comply with credit terms and Service Level Agreements (SLAs)
Upon underwriter request, ensure the timely processing of mid-term endorsements and issuance of insurance certificates (Certificate of Currency)
Closely monitor premium collection in accordance with processing rules and guidelines, including system data entries
Generate premium calculations and verify that the data entered into the tool aligns with the agreed terms and matches the signed documentation accurately
Generate Claims History when required, ensuring all information is accurate and up-to-date
Assist the Credit Control team with queries and discrepancies, investigating premium discrepancies through analysis of calculations and reviewing underwriter and broker correspondence
Address client and broker requests promptly and refer them to underwriters as necessary
Review and amend documentation as necessary before sending to underwriters for final approval
Maintain data quality accuracy ratios in accordance with defined metrics and standards
Develop an expert-level understanding of systems and processes, staying updated on new guidelines, and serve as a reference point for colleagues when questions or uncertainties arise
You will report to the Middle Office Team Lead, Australia
SHARE your talent Qualifications We’re looking for someone who has these abilities and skills: Permanent Australian Working Rights are required for this role
Proven experience in an underwriting administrative or support role within the insurance or finance industry
Proficiency in Microsoft Outlook and Microsoft Office applications
Strong analytical skills with attention to detail: understands the importance of getting the little detail’s right and takes pride in getting it right the first time
Able to communicate effectively with internal and external stakeholders Ability to work in a fast-paced environment and efficiently juggle numerous concurrent responsibilities
Develop and maintain productive working relationships with internal and external stakeholders Collaborative Team Member: ability to work effectively within diverse teams to reach shared objectives
Capability to work collaboratively with a virtual team
Great time management skills are essential Continuous Improvement Focused: Willing to ask questions and explore new ideas
Results Oriented: Approach tasks proactively and anticipate needs
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 comprehensive 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
Learn more at axaxl.com Inclusion & Diversity AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic
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, and create 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+, ethnicity and origins, 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 Learn more at axaxl.com/about-us/inclusion-and-diversity
AXA XL is an Equal Opportunity Employer
Sustainability At AXA XL, Sustainability is integral to our business strategy
In an ever-changing world, AXA XL protects what matters most for our clients and communities
We know that sustainability is at the root of a more resilient future
Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations
Our Pillars: Valuing nature: How we impact nature affects how nature impacts us
Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future
We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans
Addressing climate change: The effects of a changing climate are far reaching and significant
Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption
We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions
Integrating ESG: All companies have a role to play in building a more resilient future
Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business
We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting
AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs
These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving
For more information, please see axaxl.com/sustainability