Senior Underwriter Marine

AXA XL; Madrid; On-site; EUR 60,000 - 90,000; Full time

Job summary

AXA XL in Madrid, Spain, is seeking a Senior Underwriter Marine Cargo to join the Marine & Aviation Underwriting team. This role entails writing new and renewal business, building strong broker and client relationships, and supporting profitable growth in line with the business plan.

The ideal candidate holds a university degree with maritime knowledge, has experience in marine/cargo underwriting, is fluent in English and Spanish, and demonstrates analytical thinking, negotiation skills, and the

Qualifications

• University degree and maritime industry knowledge.
• Experience in marine/cargo underwriting activities.
• Proficiency in English and Spanish; other languages a plus.
• Knowledge of selling and negotiation techniques; adapt to customer situation.
• Analytical thinking with data-based decision making.
• Ability to work with colleagues of varying seniority.
• Flexibility and innovation in changing environments.
• Cultivate broker relationships to sustain underwriting appetite.

Responsibilities

• Review submissions, applications, and reports to assess risk for each account.
• Calculate risk premiums considering risks, reinsurance, and costs to ensure profitability.
• Advise and service brokers/clients on insurance and risk management matters.
• Manage relationships to create cross-selling opportunities and retain accounts.
• Ensure timely implementation of new and renewed accounts per quality standards.
• Support planning, forecasting, and monitor financial exposure and premium income.
• Monitor active claims and contribute to settlements as needed.

Skills

Maritime underwriting knowledge

Insurance fundamentals

Bilingual English/Spanish

Negotiation techniques

Analytical thinking

Teamwork

Adaptability

Broker relationship management

Education

University degree (maritime related)

Job description

Senior Underwriter Marine Cargo

Madrid, Espana

The Spanish Marine & Aviation Underwriting Team within AXA XL provide insurance solutions for a diverse portfolio of large and corporate clients globally, offering a broad range of insurance solutions like: Marine Cargo Policies, Project Cargo Policies, Freight Forwarders Liability Policies, Shipper’s Interest Insurance Policies, General aviation Policies, Products/Airports liability for aviation policies.

Our Marine & Aviation Underwriting team has a great opportunity for an experienced underwriter join this successful team and support the expansion of the business.

As Underwriter, will be responsible for writing new and renewal business , establishing effective relationships internally and externally and acting as the first interface between the broker/clients and AXAXL, in support of the profitable growth of a portfolio in line with the agreed Business Plan.

What you’ll be doing

What will your essential responsibilities include?

• Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine the degree of risk for each account.
• Calculating appropriate risk premium by considering the risk costs inherent to the sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
• Proactively advising, assisting, servicing, and following up with brokers/clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
• Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
• Controlling timely implementation of new and renewed accounts according to quality standards.
• Supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits.
• Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.

You will report to Marine & Aviation Manager, Iberia.

What you’ll bring

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

• University Degree and knowledge in maritime industry will be highly considerated
• Knowledge of Insurance industry fundamentals and proven experience in marine/cargo Underwriting activities.
• Proficiency in English and Spanish is required, other languages are a plus.
• Know and use selling and negotiation techniques; adapt to the customer's situation, needs and behavior. Explores different alternatives and influence the other parties to reach an agreement with positive outcomes for all.
• Analytical thinking, performing fact and data-based analyses of situations or issues. Make swift and efficient data-based decisions and keep the focus on goals over time.
• Work in team with colleagues of different seniority and expertise to achieve collective goals.
• Ability to respond to a changing environment with flexibility and innovation.
• Cultivate key broker relationships to maintain a steady stream of business within our underwriting appetite.

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.

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