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Underwriting Assistant - Political Risk, Credit & Bond

EXTON, United StatesPosted 2 months ago
Full-timeonsite

Job Description

Underwriting Assistant – Commercial Bond, PRCB Specialty Lines Exton, PA, UA OR Chicago, IL US The Political Risk, Credit and Bond (PRCB) Unit at AXA XL adds insight and expertise to solid analytics to provide our customers with top tier underwriting solutions, valuable risk engineering, and global claims capabilities

The PRCB team handles Political Risk insurance, Credit insurance covering the non-payment of debt obligations; and a newly established Commercial Bonding team

The Commercial Bond team is a growing and dynamic group working with large corporations providing commercial bonding solutions around the globe

We are looking for a proactive, analytical, and team oriented Underwriting Assistant to help support this new product line

As part of the PRCB Middle Office team, the UA will perform tasks that directly support the Underwriters

The UA will support underwriting activities associated with reviewing and helping analyze new submissions and renewals, electronic file maintenance, as well as managing midterm changes in an accurate and timely manner

The UA must understand and effectively utilize internal corporate systems, and provide quality service to both internal and external customers

Underwriting Assistants work collaboratively with underwriters, risk analysts, operations, and claims staff to perform tasks that create and sustain a high performance team by embracing and understanding business and operations strategic objectives and contributing to and implementing actions to achieve these goals

What you’ll be doing What will your essential responsibilities include

Perform tasks to directly support the underwriting staff during the submission process through the acquired account stage, and into account maintenance once acquired

Liaise with Underwriters, Brokers as needed to communicate account status and complete outstanding subjectivities Liaise with Underwriters to confirm bond support and execution as well as policy processing instructions for both new bonds and midterm changes

Ensuring electronic Client and Distribution system accurately reflects account status and notes to/from the Underwriters and Broker discussions

Liaise with Producer Administration in appointing new brokers for Commercial Bond to AXA XL

Ensure all bond transactions are processed in an accurate and timely manner

Liaise and collaborate with Global Shared services as needed to ensure that the Underwriting process is completed accurately and within process timelines

Act as back up to peers and supervisor as needed for submissions, Powers-of-Attorney administration, including performing broker/account clearance, keeping line of business tools current and accurate filing of account information on submissions received from external customers in a timely manner and in accordance with guidelines

Generate and maintain monthly reports including but not limited to: Bond line sheets, Account summary reports, and premium bookings

Support Head of Commercial bond with various reporting requirements as requested

Assist with Account Receivable collections when required Liaise and collaborate with Global Shared services as needed to ensure that the Underwriting process is completed accurately and within process timelines

Participate in projects within Global Lines Middle office as PRCB Bond Subject Matter Expert, or projects requested by Underwriting team or Global Operations Manager

Works with peers to establish working knowledge and understanding of other PRCB product lines

Manage and prioritize workloads to meet due dates You will report to PRCB Operations Manager

What you’ll bring We’re looking for someone who has these abilities and skills: Required Skills and Abilities: Bachelor's degree and two to four years of commercial insurance (Surety / Bonding / Financial lines preferred) experience and/or training or equivalent combination of education and experience

Strong written and verbal communication skills and the ability to negotiate and effectively communicate a viewpoint

Proven analytical, organizational and problem solving skills

Proven prioritization and time management skills with accurate results

Strong technical skills with Microsoft Office (Excel, Outlook, Word required) and other IT systems

Ability to work effectively in a team setting as well as to work independently in a fast paced environment requiring good judgment

General interest in Insurance industry and International Business affairs

Strong demonstration of initiative, interpersonal skills and a professional demeanor are critical

Client service experience and focus

Who we are 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 What we offer Inclusion 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 enables business growth and is critical to our success

That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and 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 Inclusion & Diversity at AXA XL | AXA XL

AXA XL is an Equal Opportunity Employer

Total Rewards AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security

It provides competitive compensation and personalized, inclusive benefits that evolve as you do

We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence

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 Sustainability at AXA XL

Applicants for this role must be legally authorized to work in the United States without sponsorship now or in the future

The U.S. base salary range for this position is USD 60,600 – 86,200

Actual pay will be determined based upon the individual’s skills, experience and location

We strive for market alignment and internal equity with our colleagues’ pay

At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits

We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers

For more details about AXA XL’s benefits offerings, please visit US Benefits at a Glance_2026.pdf.

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