Underwriting Assistant
4 weeks ago
**Flexible Work Eligible**: Flexible Work Schedule
**DISCOVER your opportunity**
**Underwriting Assistant - Global Programmes**
London, UK
At AXA XL we solve today’s complex risks to drive tomorrow’s innovation. We see our careers with AXA XL as a chance to unleash our potential globally. Cultivate expertise. Collaborate constantly. Analyze deeper. Dream bigger.
Our operations teams as part of the Middle Office division are at the centre of our insurance organisation. We look for innovative and creative individuals to join our experienced and professional colleagues, who strive to challenge and continually look at how to improve the way we do things, taking ownership and leading their own development and career opportunities. We offer flexibility with our smart working initiative, combining working from home and from our London office. Our culture fosters collaboration, customer service and colleague development.
There really is potential to have so much variation in Middle Office if you want it as part of your career, and to develop skills in a lot of different areas too, the industry in which we work in Insurance or Reinsurance, the IT Systems we operate to manage our business, through to Project, Process or Change Management type disciplines.
As an Underwriting Assistant you will support the UK Company Platform Global Programmes function. You will be responsible for providing efficient and high-quality underwriting administration services to the UK Company Platform Underwriting businesses supported in the UK region (Significantly Property & Casualty) You will also support the end-to-end underwriting process through regular liaison with other functions to ensure the highest quality of service. You will efficiently and accurately process our accounts including monitoring data, backlog clean ups and project work, ensuring you adhere to all AXA XL’s policies. To be successful in the role you will have knowledge of general insurance with the ability to support underwriting in pre-and post-bind processes and other underwriting-related tools (including creating compliant programme structures, country research, network engagement etc.).
Global Programmes is an expanding and growing team, with lots of variety and diversity. It’s an area of expertise and not your usual Underwriting Assistant role, you’ll get to use your project management and negotiation skills, dealing with many cultures. Every day is different, as you’ll be liaising with different countries, covering all lines of business. This certainly is an interesting and demanding role, where you’ll be exposed to lots of areas of the business and insurance, and its not just the route to become an Underwriter there are many opportunities
You will be based in our newly refurbished London office; however, we are excited to have implemented our Smart Working initiative offering a hybrid way of working, combining both remote and office working.
**DISCOVER** **your opportunity**
What will your essential responsibilities include?
**Submission/ Renewal Phase**
- Timely requests to offshore team for quote creation and name clearance activities
- Timely and accurate binding (or declinature) of quotes
- Use underwriting tools to support the underwriter in defining the structure of Global Programmes and provide advice to UW on possibilities for coverage etc.
- At request from Underwriting, participate in client/broker meetings to illustrate account implementation capabilities and provide deal structuring advice.
**Implementation Phase**
- Timely and accurate processing of premiums
- Proactive engagement with underwriting to ensure new and renewed accounts have an efficient and smooth account hand over, ensuring information received is understood and complete in order to process / instruct policies on system(s) and to the network.
- For new/ renewed Global Programmes also with high complexities: Determine optimal reflection of programme structure in GENIUS, be mindful of downstream and reporting impacts when doing so.
- Ensure timely and high-quality implementation by means of related system procedures and creation of instruction document for the network, i.e., ensure related data is complete & accurate to instruct local policy details. Likewise, processing of non-programme accounts according to the defined KPI and underlying processing rules/guidelines (incl. system data entries)
- Ensures timely and complete documentation of files handled by role holder in UW file (on Document Management System)
- Accountable for correct (RI) premium, (RI) commission and tax bookings in processing systems
- Keeps track of implementation progress and liaises with our global network to resolve queries etc. of an account globally (as per defined KPI) and proactively take appropriate action.
- Premium collection accountability of accounts globally and take appropriate proactive action to ensure optimal collection performance.
**Maintenance Phase**
- At request
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