Assistant Underwriter

3 months ago

London, United Kingdom AXA Group Full time

Assistant Underwriter

London, UK

In a world of fast-paced and competitive transactional activity, professionals need every tool at their disposal in order to manage risks arising from deals, whilst facilitating execution as quickly and efficiently as possible.With both M&A and title insurance solutions becoming increasingly commonplace, now more than ever our clients need to be confident that they have a credible, experienced and service-oriented insurance partner.

AXA XL provides transactional risk solutions for mergers and acquisitions, investments, real estate and other asset purchases and disposals and many other commercial transactions.In order to provide a seamless service and better respond to our clients’ needs, we have recently taken the market-leading step of bringing together our M&A and title teams under one umbrella, enabling us to provide a truly joined-up and comprehensive approach to transactional risks.

Our combined offering now encompasses a broad suite of products, each of which can be used in different ways to facilitate transactions (primarily through warranty and indemnity or title insurance) or to manage other corporate risk (through tax, contingent or litigation liability insurance).Furthermore we have the capability to underwrite transactions globally thanks to our growing team of underwriters based across London, Paris and New York.

As an Assistant Underwriter you will support the Underwriters in the region in all tasks related to the underwriting and administration support.You will work closely with our Underwriters supporting them in their activities associated with renewals, maintenance of the accounts and on models and systems. As a strong team player, you will assist the team in data quality assurance and continuous development of best practice in Business Services. You will utilize your strong communication and relationship building skills as you work closely with the underwriters, clients and various functions and departments within the company.

This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.

DISCOVERyour opportunity

What will your essential responsibilities include?

·Underwriting under guidance (within limits); preparing individual cases for pricing and modelling, liaising with Actuaries to deliver technical pricing to Underwriter; using modelling systems to aid the underwriting process; conducting research as requested by Underwriter.

·Where granted, you must operate within your defined authority level which will be commensurate with your skills and knowledge. This authority will be periodically reviewed as your experience grows and you demonstrate the competence as well as confidence to exercise it

·Conducting pre-underwriting for renewals, handling endorsements on active business, conducting specific analyses for new business, and following up on renewals.

·Preparing monthly reports.

·Entering information in to the underwriting systems (Pricing, Destiny IR, ReDoc).

·Developing an internal network for facilitating the transfer of information and data between functions and departments in order to service the requirements of the underwriters and clients.

·Assist the business group in maintaining and developing their book of business while developing the necessary skill sets and defined authority to accept risk in underwriting of a profitable account.

·Understand the strategy and financial targets of XL Catlin Insurance and those applicable to the business unit. You will be set appropriate individual targets and goals that support delivery of the business plan.

·Attending internal and external meetings with clients and brokers.

You will report to the Head of M&A and Title

SHARE your talent

We’re looking for someone who has these abilities and skills:

·A personal drive for excellence, a track record of exceeding expectations and a flair for innovation.

·Able to perform tasks according to established procedures, with some ability to exercise discretion

·Uses judgment to identify and solve day to day problems in straightforward situations

·Strong analytical skills with the ability to think quickly and innovatively working at all times in a disciplined manner.

·You will be confident and comfortable to take personal responsibility for your work but will also be a strong team player.

·Ability to adapt quickly and easily to new conditions and requirements, externally in the market or internally within a changing Organization.

·You will have good interpersonal skills and an interest in business development

·A Bachelor’s degree (or equivalent).

·Relevant professional designations or be progressing along the way to achieving such designations: You will be expected to undertake professional studies where these are not already held commensurate with the roles and responsibilities.

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.

Inclusion & Diversity

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