Assistant Underwriter, Upstream Energy

Axis; City Of London; Hybrid; GBP 30,000 - 45,000; Full time

Job summary

A global specialty lines insurance provider in London seeks an efficient administrative assistant for the underwriting team. The role involves maintaining underwriting files, liaising with brokers, and generating reports. Candidates should hold a degree and ideally have over 3 years of experience in Insurance, particularly in Energy. The position offers a competitive benefits package and a collaborative work culture.

Benefits

Comprehensive medical plans

Health and wellness programs

Retirement plans

Tuition reimbursement

Paid annual leave

Qualifications

• Preferably with 3+ years of relevant experience in the London Market.
• Experience in the Energy (Re)Insurance sector preferred but not essential.

Responsibilities

• Maintain underwriting e-files and data entry processes.
• Liaising with teams on premium reconciliation and related issues.
• Generate and check underwriting reports and ensure compliance.

Skills

Good working knowledge in Microsoft Office

Analytical skills

Strong numeracy skills

Good communication skills

Education

Diploma / Degree holder

Tools

Microsoft Excel

Kofax PDF Editor

White Space/PPL

Job description

Overview

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.

Responsibilities

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.