Senior Underwriter, Contingency
Job Description
As a Senior Underwriter you will be responsible for working within authority limits on assignments reflecting the expert degree of technical complexity and coordination under broad management direction
This position is typically an individual contributor and your key responsibilities will involve underwriting business in line with the business plan; assisting the planning and forecasting process; monitoring aggregate exposure within agreed limits; monitoring premium income to ensure it remains within agreed limits; ensuring all risks written, are within the agreed maximum; maintaining awareness of all claims advised; supporting and providing input on settlement of claims advised; building and maintaining relationships with brokers and clients; supporting the design and structure of risks; identifying and driving new product development opportunities
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime
What you’ll be doing What will your essential responsibilities include
Underwrite, manage and service a renewal book and produce new business in accordance with business unit goals
Develop and manage underwriting strategies for both renewals and targets within your portfolio of accounts, including knowledge of the current penetration by product, cross marketing penetration and specific plans to increase company share
Exercise discretion and self-directed judgment in the analysis and evaluation of risk
Participate in roundtable discussions on risk assessment and provide mentorship and leadership to peers
Negotiate with producers within the limits of delegated authority and in accordance with established underwriting standards to achieve profit objectives
Build and enhance relationships with brokers and clients and identify and establish new distribution relationships
Maintain expertise with the products, services, priorities and target markets to more effectively enable clients to uncover hidden risks
Assist with the development and periodic review of the portfolio written from our overseas offices which are currently located in Cologne, Hamburg, Madrid, Zurich, Paris and Singapore
Promote the company's expertise by participating in industry conferences and events while regularly conducting and taking leadership roles in client and broker meetings to educate on risk
Maintain compliance with all internal and external underwriting guidelines and legal requirements
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
Identify and drive new product development opportunities
Effectively cross-market with other AXA XL lines; meet with brokers and insureds as required
Cultivate key broker relationships in the region to maintain a steady stream of business within our underwriting appetite
Under broad management direction, work at the highest authority limits on assignments reflecting the expert degree of technical complexity and coordination
Possess an expert level of technical knowledge and skills including product and industry
Provide guidance and assistance to lower-level underwriters and associates and other functional areas You will report to the Underwriting Manager, Contingency
What you’ll bring We’re looking for someone who has these abilities and skills: Possess a high and extensive level of technical underwriting knowledge and skills in Contingency insurance Able to apply business understanding and/or management experience to set direction within the segment or function
You should possess effective analytical and problem solving skills as well as influential sales and marketing abilities
Outstanding organizational, time-management and multi-tasking skills combined with a great work ethic
Ability to develop and understand business processes, strategy and planning
Knowledge of functionality of systems
Ability to respond to a changing environment with flexibility and innovation
Excellent customer service and negotiation skills
A proven track record in development of robust business relationships with brokers and insureds
Ability to lead in accordance with AXA XL Core Values and Culture
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 axaxl.com/about-us/inclusion-and-diversity
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 axaxl.com/sustainability
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