Assistant Underwriter, Global Markets Portfolios

Axis Capital; City Of London; Hybrid; GBP 40,000 - 55,000; Full time

Job summary

A leading insurance provider in the City of London seeks an Assistant Underwriter to support the Global Markets Portfolios team. You will assist in developing, evaluating, and servicing new and renewal business while building relationships with brokers. The ideal candidate has experience in underwriting support, strong analytical skills, and a collaborative approach to work. Competitive benefits package offered.

Benefits

Comprehensive medical plans

Health and wellness programs

Retirement plans

Tuition reimbursement

Paid annual leave

Qualifications

• Experience in (re)insurance underwriting support preferred.
• Exceptional attention to detail and ability to analyze data.
• Ability to multi-task and manage conflicting priorities.
• Desire to learn and develop.
• Highly motivated and solution-oriented.

Responsibilities

• Support Underwriters to achieve targets.
• Prepare underwriting deal assessment papers and summaries.
• Build strong relationships with brokers.
• Work with Portfolios data analysts on enhancing MI tools.

Skills

Attention to detail

Data analysis

Intermediate Excel skills

Team collaboration

Communication skills

Tools

Power BI

Microsoft Word

Microsoft PowerPoint

Job description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance.We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture.As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

How does this role contribute to our collective success?

We are looking for a talented and motivated Assistant Underwriter to join the Global Markets Portfolios underwriting team.

This role will be a key contributor and supporter to the performance and strategic success of the unit, assisting in the development, evaluation and servicing of new and renewal business.

AXIS Capital’s Global Markets Portfolios unit writes primarily follow lines on a portfolio basis across a wide range of industries, classes of business and geographies. We have growth goals along multiple fronts in the fast-evolving portfolio solutions space.

What will you do in this role?

• Support Underwriters to achieve targets set out in the business plan, in accordance with underwriting standards and controls.
• Gain an understanding of risk appetite and decisions, selection and underwriting process and reviewing risks with that in mind, to ensure underwriting standards are maintained, and documenting accordingly.
• Prepare underwriting deal assessment papers, summaries, and presentations for internal stakeholders, ensuring accuracy and clarity of information.
• Review coverage requests and referrals and assess the business unit’s position relating to such requests with guidance from Underwriters.
• Build strong relationships with brokers and internal/external business partners, with particular attention to service and responsiveness.
• Attend client and broker meetings with or without colleagues as appropriate.
• Work with Delegated Underwriting team, Contract Certainty, Conduct Risk, Claims, Exposure Management, Finance, and Actuarial during renewal/new business assessment and ongoing performance monitoring.
• Work with Portfolios Business Partner and liaise with Underwriting Assistant, other underwriting departments and functional teams as necessary on various aspects such as risk entries, premium queries, bordereaux reporting, exception reports, credit control, regulatory reporting etc. in support of the underwriting team.
• Work with Portfolios data analysts and Portfolios Business Partner to enhance MI and analytic tools.
• Maintain Portfolios renewal list and relevant underwriting spreadsheets.
• Assist in the development of the unit’s annual underwriting plan and budget reporting process.
• Achieve agreed training programmes as applicable, including Lloyd’s briefings, market seminars, CII, etc.
• Monitoring regulatory, market and agency bulletins and circulars.
• Assist in all other general underwriting administration and processing functions to ensure efficient workflow within the team.Maintenance of files and systems, when required.

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You:

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have:

• Experience in (re)insurance underwriting support preferred – ideally some experience with delegated authorities in a Lloyd’s syndicate operation.
• Exceptional attention to detail, ability to analyse data, with an accurate and diligent approach to completing tasks.
• Intermediate Excel skills, able to perform lookup functions, pivot tables and demonstrate knowledge of Excel formulae.
• Intermediate skills in Microsoft Office applications including Word, PowerPoint.
• Preferably able to navigate Power BI reports confidently.
• Ability to multi-task and manage conflicting priorities, meeting deadlines in a timely fashion.
• Team player who will thrive in a fast-paced, close and collaborative team environment.
• Good numerical and presentation skills.
• Desire to learn and develop.
• Highly motivated and solution orientated, using Initiative and being proactive.
• Ability to effectively communicate and build relationships with a wide range of internal and external parties.

Role Factors:

In this role, you will typically be required to:

Be in the office 3 days per week, with potential to do more if meetings require.

What we offer:

You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.