Assistant Underwriter - Energy Transition

AXA Group; London; On-site; GBP 30,000 - 60,000; Full time

Job summary

Join a forward-thinking company as an Assistant Underwriter focused on Energy Transition. This role involves supporting the Underwriting team in writing Renewable risks, contributing to a sustainable global economy. You'll assist in maintaining documentation, liaising with brokers, and developing analytical reports. Ideal candidates will have a strong background in underwriting, excellent communication skills, and a proactive approach to teamwork. This is an exciting opportunity to be part of an industry leader committed to sustainability and innovation in the insurance sector.

Benefits

Flexible working arrangements

Enhanced family friendly leave benefits

Volunteering leave

Charitable giving programs

Diversity and inclusion initiatives

Qualifications

• Experience supporting Energy/Renewables Underwriting teams.
• Understanding of the Energy Transition's impact on insurance.
• Logical approach to complex data with excellent analytical skills.

Responsibilities

• Assist Underwriters in recording risk details and building broker relationships.
• Maintain underwriting documentation and ensure data accuracy.
• Monitor renewal lists and manage premium income queries.

Skills

Underwriting experience

Energy / Renewables knowledge

Analytical skills

Communication skills

Attention to detail

Data entry systems experience

Tools

Microsoft Outlook

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

Assistant Underwriter, Energy Transition

London, UK

AXA XL is looking for an Assistant Underwriter with experience in Energy / Renewables LOB’s to support the Underwriting team in writing Renewable risks as part of an overall energy transition (ET) business portfolio.

The energy transition is integral to the drive towards a more sustainable global economy. Supporting the transition is a key part of our climate and sustainability strategy at AXA XL

AXA XL’s energy transition work begins, naturally, with the energy portfolio – but this is a drive that affects the entire economy. And to help enable this transition, there are, in effect, three pillars that our energy transition activities and ambitions must straddle; products and services; distribution; and capability and learning and development.

This is a difficult area for underwriting; it will require an agile mindset, balancing a portfolio approach with the fundamentals of underwriting – whilst maintaining a keen eye on profitability.The right candidate will be able to draw upon a solid background of technical underwriting in engineering / renewables / power, or a similarly complex line of business.

AXA XL has been underwriting coverage for renewable energy projects, particularly solar, wind and hydro-electric operations, for some years now. And we are actively working with clients to provide coverage for a wide range of renewable energy technologies and operations, from windfarms to hydrogen production, to bioenergy to carbon capture underground storage (CCUS) and many others.

The ET book will be the cornerstone to helping to meet AXA XL’s net-zero underwriting goals and a key contributor to its wider energy transition journey.It will be important to be visible and approachable to brokers and clients alike.Effective verbal and written communication skills, along with collaborative behaviour will be essential to the role.

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

DISCOVER your opportunity

What will your essential responsibilities include?

·Assisting Underwriters in recording risk details on underwriting system; building broker relationships as required; developing knowledge of the class of business and the accounts written, retrieving data for underwriters as requested.

·Liaise with underwriters to ensure correct interpretation of data for accuracy and completeness

·Maintain underwriting documentation/files, keeping all documentation in order

·Liaise with credit control team - answering queries, tracking, and monitoring premium using core underwriting systems. Oversee premium notice of cancellation process undertaken by credit control

·Liaise with Brokers regarding premium income monitoring, late premiums, and premium cancellations. Collate responses and manage queries

·Work with underwriting support functions to respond to regulatory control and exception reports and ensure adherence to common standards across the class

·Work with underwriting team to develop requirements for statistical and analytical reports for Underwriting function

·Monitor renewal lists and action renewals as required

·Work with underwriting support functions to resolve data entry queries

·Work closely with shared services as required to ensure accurate and timely service to underwriters and clients

·Potential for experience assisting with actuarial based account modelling

·Other ad-hoc duties and projects as required

You will report to the Underwriting Manager, Energy Transition.

SHARE your talent

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

·Proven Underwriting Assistant / Assistant Underwriting experience supporting Energy / Renewables Underwriting teams.

·Some understanding of the Energy Transition and its impact on the economy and within insurance.

·General computer competency, including experience using Microsoft Outlook, Excel, Word, PowerPoint.

·Experience on insurance data entry systems and processes

·Have a logical approach to complex data, with excellent analytical and problem-solving skills

·Ability to communicate effectively

·Proactive organization skills and exceptional attention to detail

·Ability to get stuck in and be a team player for all business needs

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.

Learn more at axaxl.com

Inclusion & Diversity

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 a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can 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.

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