Marine Cargo Underwriter

TN United Kingdom; London; On-site; GBP 45,000 - 75,000; Full time

Job description

Social network you want to login/join with:

Job Description: Underwriter

As an 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;
• Monitoring premium income to ensure it remains within set limits;
• Maintaining awareness of all claims advised while supporting and providing input on settlement of claims;
• Ensuring adequate reinsurance is acquired to cover specific risks;
• Building and maintaining relationships with brokers and clients;
• Supporting the design and structure of risks.

Discover your opportunity

What will your essential responsibilities include?

• Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports, conducting research to determine the risk level for each account;
• Calculating appropriate risk premiums considering risk costs, reinsurance cessions, and underwriting and administrative costs to ensure profitability;
• Advising, assisting, servicing, and following up with clients on insurance and risk management matters to ensure satisfaction;
• Managing relationships to identify cross-selling opportunities and ensure account retention;
• Implementing new and renewed accounts promptly according to quality standards;
• Determining suitable reinsurance arrangements with internal teams, on excess of loss and quota share basis;
• Reviewing loss control reports and managing policy endorsements for necessary changes;
• Supporting business planning and forecasting, monitoring financial exposure and premium income;
• Monitoring claims and supporting claim settlement processes.

Qualifications and Skills

We’re looking for someone with:

• Experience in Marine Cargo underwriting with functional knowledge and skills of a fully competent practitioner;
• Knowledge of the Marine Insurance Industry and commercial acumen, preferably with Lloyds and global market exposure;
• Analytical, negotiation, and sales/marketing skills;
• Excellent communication skills, both written and oral, with a strong customer service focus;
• Interpersonal skills to build and maintain contacts with insureds and brokers;
• Ability to develop business processes, strategy, and planning;
• A collaborative team player who offers creative solutions and ideas.

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 individuals, we reinvent insurance by combining capital, data insights, technology, and talent in an agile, inclusive workspace to deliver top client service across property, casualty, professional, financial, and specialty lines. We partner with those who move the world forward.