Assistant Underwriter, Upstream Energy

Axis Capital; City Of London; On-site; GBP 35,000 - 45,000; Full time

Job summary

A global specialty lines insurance provider in London seeks an Assistant Underwriter for the Upstream Energy class of business. This role includes administrative support for underwriting processes and offers exposure to the energy sector. Candidates should have a diploma/degree and experience in the London Market. You will benefit from a competitive compensation package including medical plans and retirement options.

Benefits

Comprehensive medical plans

Health and wellness programs

Tuition reimbursement

Paid annual leave

Qualifications

• 3+ years of relevant experience in the London Market, preferably within the Energy (Re)Insurance sector.
• Good working knowledge in Microsoft Office, especially Microsoft Excel.

Responsibilities

• Provide administrative support to the Upstream Energy underwriting team.
• Ensure compliance with regulatory and internal procedures.
• Assist with generating and checking underwriting reports.

Skills

Strong numeracy skills

Analytical

Detail-oriented

Initiative and self-motivated

Good communication skills

Good time management

Ability to multi-task

Team mentality

Education

Diploma / Degree

Tools

Microsoft Excel

Kofax PDF Editor

White Space/PPL

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?

The Assistant Underwriter, Upstream Energy will provide dedicated support to the Underwriting team in the Upstream and Midstream Energy class of business. Whilst providing administrative support, the AU will be exposed to AXIS underwriting philosophy and guidelines, including our rating tools and risk aggregation methodology. There will also be opportunities for collaboration with the Renewable Energy teams to broaden market skills and product knowledge. The role would be a progressive step towards building specialist knowledge in the Upstream Energy class of business and a career as an Energy Underwriter.

What will you do in this role?

Administrative duties to assist the Upstream Energy underwriting team:

• Maintenance of underwriting e-files.
• Initiation, checking and management of data entry, premium booking, and credit control processes.
• Liaising with various parties (operations team, accounting department, brokers) for premium issues such as premium reconciliation, outstanding premiums, and other accounting issues.
• Liaising with brokers on new business and renewals and attending client presentations.
• Logging of risk submissions received.
• Tracking of policy renewals throughout the year, including sending out renewal reminders to brokers.
• Working on account specific executive underwriting summaries

Assisting with generation and checking of underwriting reports:

• Checking of Daily Premium Movement reports.
• Checking of Monthly Claim Movement reports.
• Facilitating White Space / PPL submissions
• Ad hoc generation of underwriting reports as required.

Ensuring compliance with regulatory and internal procedures:

• Sanctions screening and checks.
• Attending to internal and external auditors’ enquiries.

Learning about the Insurance industry and Energy markets:

• Work towards obtaining an Advanced Diploma in Insurance from the Chartered Insurance Institute (UK), if this hasn’t yet been attained.
• Market research of the Insurance and Offshore Renewable Energy industries.
• Client research (for both potential and existing clients).
• Attending client/broker meetings and/or virtual presentations.

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:

• Diploma / Degree holder
• Preferably with 3+ years of relevant experience in the London Market, preferably within the Energy (Re)Insurance sector but not essential.
• Good working knowledge in Microsoft Office, especially Microsoft Excel, Kofax PDF Editor and White Space/PPL.

What we prefer you to have:

• Strong numeracy skills
• Analytical
• Detail-orientated
• Initiative and self-motivated
• Good communication skills
• Good time management
• Ability to multi-task
• Team mentality

Role Factors:

In this role, you will typically be required to:

• Travel internationally as required
• Be in the London office minimum 3 days per week

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.