Senior Underwriter - Construction

AXA UK; London; On-site; GBP 55,000 - 85,000; Full time

Job summary

AXA UK is seeking a Senior Underwriter to join their Construction team in London. The ideal candidate will have extensive underwriting experience, strong broker relationships, and a deep understanding of market conditions. This role demands a proactive approach to risk management and a commitment to collaborating with internal teams and external partners for optimal business performance.

Benefits

Vibrant and inclusive work environment

Career development opportunities

Promoting work-life balance

Qualifications

• Extensive experience in underwriting for specific class/portfolio.
• Good knowledge of legal and regulatory requirements.
• Significant experience gained within the insurance industry.

Responsibilities

• Support the development of the business plan for the Underwriting division.
• Establish and strengthen relationships with brokers and industry partners.
• Adhere to underwriting standards and demonstrate compliance with all regulations.

Skills

Interpersonal skills

Analytical skills

Negotiation skills

Attention to detail

Communication skills

Education

Extensive experience in underwriting

Tools

Excel

Job description

Role Title:Senior Underwriter

Team: Construction

Division: Energy & Construction

Location: London

Type: Permanent

About the Role

The Senior Underwriter will be an established underwriter in the market with strong broker relationships and possibly some client relationships. They may be already operating at Senior Underwriter level or seeking a new opportunity where they can make the next step up in their career. Experience in leading or shaping placements in the EAR sector is a distinct advantage. The successful candidate should be confident to represent LSM and our values in all interactions with clients and brokers.

About the Department & Team:

The LSM Construction team are leaders across all of the sub-sectors of the Construction market, including EAR, Civils, CAR (buildings) and Annuals. We write Property Damage policies with all the aligned extensions including Delay in Start-Up, Primary Third Party Liability, Existing Property and Contractor’s Plat & Equipment. Our appetite is closely aligned with past performance at an occupancy level and we seek close relationships with key clients based on a mutual understanding of the importance of risk management.

Key Responsibilities

Strategy and Planning

• Support the development of the business plan for the Underwriting division and ensure delivery of the plan in accordance with stated risk tolerances
• Ensure the team’s awareness of the business plan and its context so that they are able to take appropriate action and make informed decisions
• Contribute and participate in all meetings in order to share and develop strategy, knowledge and best practice
• Contribute new ideas and concepts to support the development and delivery of the business plan

Delivery

• Establish and strengthen relationships with brokers, industry bodies, business partners, reinsurers and colleagues, to maximise influence and achieve business objectives
• Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance
• Continually develop expertise and technical knowledge through appropriate development initiatives
• Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including:
• Negotiating rates, terms and conditions for existing and new business
• Compliance with the production and issue of documentation in accordance with contract certainty requirements
• Contribute and influence in the review and analysis of the portfolio, to identify progress towards business objectives
• Ensure entries are properly recorded onto relevant systems in a timely manner whilst ensuring accuracy of data with relation to both underwriting and aggregate exposures

Policy, Process and Procedures

• Compliance with all applicable internal and external laws, regulations, policies, procedures and guidance
• Adhere to underwriting standards, instructions and best practice methodology in order to minimise risk
• Apply any reinsurance requirements in accordance with stated risk tolerances and to deliver against business plan
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set outin the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity.LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

People Management

• Manage resources across the team to ensure business requirements are achieved
• Motivate and develop the team by demonstrating good leadership behaviours and management best practice
• Manage performance in accordance with the company’s performance process
• Ability to work in a diverse team across all functions, including Risk Engineering, Claims, Exposure Management, Actuarial and Operations

Skills and Experience

• Extensive experience in underwriting for specific class/portfolio
• Good knowledge of relevant market conditions for specific class/portfolio
• Good knowledge of legal and regulatory requirements
• Thorough understanding of class specific underwriting and reinsurance knowledge
• Intermediate/ advanced level understanding of relevant software including Excel and other departmental software packages
• Good level of numeracy and literacy skills
• Good interpersonal and communication skills
• Good analytical skills
• Good negotiation skills
• Good organisational and prioritisation skills
• Ability to analyse and use data for decision making
• Good attention to detail
• Significant experience gained within the insurance industry
• Use of risk profiling and pricing tools and loss models
• Excellent established customer/broker relationships
• Excellent skills in wordings and legal/appetite/exposure implications

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Liberty Mutual Insurance Group, a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

• Offering a vibrant and inclusive environment and committing to their career development.
• Promoting diversity, equity and inclusion (DEI). OurInclusion Matters frameworkand employee-led networks strengthen the diversity of our workforce and our inclusive environment.
• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
• A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion