Assistant Underwriter

AXA; Chelmsford; On-site; GBP 35,000 - 50,000; Full time

Job summary

A leading global insurance provider in Chelmsford is seeking an Assistant Underwriter to deliver effective underwriting services. The role involves managing risk for clients, calculating premiums, and maintaining broker relationships. Ideal candidates should have experience with Financial Lines underwriting and excellent analytical and communication skills. This position offers a collaborative environment with opportunities for growth, focusing on customer service and innovative solutions.

Benefits

Flexible Working Arrangements

Enhanced family-friendly leave benefits

Diversity initiatives

Sustainability programs

Qualifications

• Proven experience of underwriting Financial Lines / Directors and Officers Insurance.
• Strong analytical and negotiation skills.
• Excellent written and oral communication.
• Collaborative team player.

Responsibilities

• Assist in underwriting and managing the Financial Lines book.
• Review submissions and calculate risk premium.
• Maintain relationships with brokers and clients.
• Develop, underwrite, quote, and bind new and renewal business.

Skills

Underwriting Financial Lines

Analytical skills

Excellent communication

Interpersonal skills

Education

Experience in underwriting

Tools

Microsoft Office

Job description

Assistant Underwriter – Role Overview

As an Assistant Underwriter, you will be responsible for delivering a profitable 'Underwriting' service to your clients. Your key tasks include: underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; building and maintaining relationships with brokers and clients; supporting the design and structure of risks; embed innovative company culture & actively work with IT and other Angel teams to ensure continuous development of efficient systems.

Key Responsibilities

• Assist in the underwriting and management of Angel's Financial Lines book of business.
• Review submissions including applications, policy wording, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
• Calculate appropriate risk premium.
• Proactively assist, service and follow up with clients on insurance.
• Effectively manage relationships to initiate opportunities for cross‑selling offered products and ensuring account retention.
• Control timely implementation of new and renewed accounts according to quality standards.
• Manage policy endorsement requests and mid‑term adjustments.
• Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
• Work collaboratively in a team environment, assisting underwriters, underwriter assistants and management team.
• Develop, underwrite, quote and bind FL new and renewal business.
• Deal with referrals and complex risks.
• Assist junior members of the team by acting as a referral point for business outside of their authority.
• Deal efficiently with broker queries as they arise.
• Assist in preparing weekly and monthly reports.
• Reinforce partnerships and relationships with brokers.
• You will report to the Underwriting Manager.

Qualifications

• Proven experience of underwriting Financial Lines / Directors and Officers Insurance and a good working knowledge of general insurance and insurance underwriting.
• Industry/product Knowledge and Commercial/Business Acumen.
• Good standard of numeracy and literacy/Analytical, negotiation and sales/marketing skills.
• Excellent written and oral communication skills. Excellent customer service focus is a must.
• Interpersonal Savvy – Demonstrated ability to build and maintain excellent insured and broker contacts.
• Ability to develop and understand business processes, strategy and planning.
• Affinity with underwriting systems and online broker processing would be advantageous.
• Collaborative team player who provides creative solutions and ideas for resolution.
• Knowledge of and ability to competently work with Microsoft office applications.
• React to change proactively.
• Be able to work effectively in a team environment and exhibit the flexibility necessary in an evolving organization.

Desirable Skills

• Technical skills particularly with D&O wordings.
• Analytical decision making.
• Self‑motivation.

About Angel Risk Management & AXA XL

Angel Risk Management specialises in underwriting products for the small to medium‑sized sector on behalf of AXA XL – the global insurer that combines financial security with a nimble and empowered approach. The majority of Angel online business is underwritten either via the Angel Underwriting bespoke system from the Angel Chelmsford office or the Angel online quick quote system. A typical Angel broker would usually be a smaller and predominately regionally focused broker, often independently owned. AXA XL provides property, casualty, professional and specialty products to industrial, commercial and professional businesses, insurers and enterprises through the world.

Company Culture & Benefits

• 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.

Sustainability & ESG

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, addressing climate change, integrating ESG. AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them.

Equal Opportunity & Total Rewards

AXA XL is an Equal Opportunity Employer. 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. 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 are 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.

Learn More

Learn more at http://axaxl.com/about-us/inclusion-and-diversity. Learn more at http://axaxl.com.