Senior Underwriter, Builders Risk

AXA XL; Calgary; On-site; CAD 120,000 - 170,000; Full time

Job summary

AXA XL in Canada is seeking an underwriter specialized in Builders Risk to market to brokers, assess risk, and determine quotes within delegated authority. You will collaborate with actuarial, claims, reinsurance, and accounting teams to tailor policies for diverse client needs.

The role requires construction/engineering insight, strong communication with brokers, and the ability to travel about 25% within the territory. Bachelor’s degree preferred.

Qualifications

• Experience in commercial insurance or construction/engineering sectors.
• Ability to assess risk for Builders Risk accounts.
• Strong written and oral communication with brokers and internal teams.

Responsibilities

• Marketing to brokers to secure new and renewal business.
• Review submissions, terms, values, loss history, modeling; assess risk.
• Coordinate with Actuarial, Claims, Reinsurance, Accounting, Marketing, Regulatory.
• Determine quote or declination of risk; calculate rates and premiums.
• Develop or modify policy wording under delegated authority.
• Cross-sell products and support service standards in delivery.

Skills

Commercial Insurance experience

Underwriting

Construction/Engineering knowledge

Broker management / client interaction

Communication skills

Microsoft Office Suite

Team collaboration / cross-functional

Travel willingness ~25%

Education

Bachelor's degree preferred

Tools

Microsoft Office Suite

Job description

At AXA XL we provide dedicated expertise to solve risk management challenges for large contractors & deliver unique solutions, significant capacity and diverse construction experience. Our Builders Risk team offers Project Specific, Master Builders Risk and Contractors Block policies to clients who may also have a global exposure. As a result, our builders risk underwriting team will tailor the policy to fit each client’s unique needs.

What You’ll Be Doing

What will your essential responsibilities include?

• Marketing to brokers to secure new and renewal business.
• Reviewing of submissions, terms and conditions, statement of values, loss history and catastrophic modeling and conducting appropriate research to determine the degree of risk for each account based upon company Builders Risk Guidelines and underwriting authority granted.
• Coordinating with varied business divisions including Actuarial, Claims, Reinsurance, Accounting, Marketing, Regulatory and others internally that support our businesses.
  • Determining quote or declination of risk.
  • Calculating rates and premium charges using approved rating models.
  • Developing and modifying policy wording in accordance with delegated underwriting authority when the standard forms are not appropriate.
  • Actively cross-sell afforded products and services.
  • Supporting service standards in delivery of builders risk products and services.

In this role you will report to the Underwriting Manager, Construction and Energy.

What You’ll Bring

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

• Some commercial Insurance Experience (preferably in Underwriting) or Construction/Engineering industry experience.
• Ability to provide solutions for general contractors, and owners to contribute to the underwriting of the full range of Builders Risk accounts.
• Work independently with the ability to be an open-minded team player with a willingness to actively listen to comprehend unique circumstances that require practical and unique solutions to complex issues.
• Robust insured and broker interaction in assigned geographic territory with the ability to effectively target current and prospective contacts in order to effectively promote offered products.
• Excellent written and oral communication skills to work with both internal teams and external brokers as you will work in a team environment, assisting underwriters and / or deal administrators as part of their overall responsibility.
• Excellent organizational, time-management and multi-tasking skills.
• Excellent comprehension and work experience with Microsoft Office Suite.
• Bachelors Degree preferred with advanced education and / or professional designations.
• Willingness to travel (approximately 25% travel as necessary) within assigned geographic territory.

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.

The Canadian base salary range for this position is CAD 120,000 – 170,000

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.