Senior Underwriter - Global Markets Portfolio Solutions

Axis; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A global provider of specialty insurance seeks an experienced underwriter for their Portfolio Solutions team in London. The role involves attracting and managing business relationships, underwriting various classes of business, and analyzing market performance. Candidates should have at least 10 years of underwriting experience and hold a university degree. Strong analytical and communication skills are essential. This position offers a dynamic and inclusive workplace in the financial capital of the UK.

Qualifications

• Minimum of 10 years of relevant (re)insurance underwriting experience.
• Complete understanding of portfolio structures and the needs they serve to the London market.
• Confident in forming independent opinions on risk and underwriting strategy.
• Confident in forming opinions and making recommendations.
• Experienced negotiator on commercial insurance policy wording.

Responsibilities

• Underwrite all classes of business within the Portfolio Solutions team.
• Discuss new opportunities with the underwriting and analytical team.
• Monitor and analyse performance of the in-force business.
• Monitor performance of in-force business and develop plans.
• Collaborate with colleagues across lines of business.

Skills

Negotiation

Analytical skills

Communication skills

Numeracy

Team collaboration

Time management

Leadership

Education

University degree

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Microsoft Outlook

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.

Job Summary

Global Markets Portfolio Solutions team provide capacity to Broker Facility/ Coverholder/ Consortia across a broad range of product lines on a diversified follow basis. The role is responsible for underwriting and managing the Portfolio Solutions accounts and is expected to actively participate in the strategic development and delivery of a technically profitable portfolio whilst building and enhancing commercial relationships with brokers and coverholders.

KEY DUTIES & RESPONSIBILITIES

• To attract new business from existing and new partners that fits within the Portfolio Solutions underwriting appetite criteria.
• Underwrite all classes of business within the Portfolio Solutions team to achieve targets set out in the business plan.
• Discuss new opportunities, deal pipeline and ideas with the wider underwriting team and analytical team on a frequent basis ensuring aligned underwriting strategy and knowledge sharing.
• Review submissions, providing feedback and determine which transactions to develop further via additional analysis, peer discussion, engagement with brokers and portfolio management review.
• Monitor and analyse the performance of the in-force business, through relevant statistics, noting any deviations from business plan and producing within required timetables action plans to achieve targeted results.
• Work collaboratively with colleagues in other lines of business to deliver profitable portfolio business.
• Liaison with internal clients (delegated governance, finance, actuarial pricing and reserving and claims) as necessary
• Use formal reporting mechanisms to promptly notify relevant parties of any perceived new risks or failures of existing control measures.
• Assist in business reporting and business planning activities
• Be actively engaged with the Portfolio, digital and fast-follow landscape, interacting via informal catch ups, meetings, presentations, webinars and conferences. Analyse trends in these markets and play a central role in developing AXIS market strategies and capabilities.

REQUIRED EDUCATION/TRAINING & EXPERIENCE

• Highly motivated self-starter who can quickly assess marketplace opportunities, analyse and assess those opportunities
• University degree and minimum of 10 years of relevant (re)insurance underwriting experience
• Complete understanding of Portfolio structures and the needs they serve to the London market
• Critical thinker with an ability to digest and summarize large quantities of complex information for the benefit of a wider audience.
• Confident in forming independent opinions, able to make recommendations on risk and underwriting strategy and working constructively in a team environment.
• Strong numeracy and communication skills, with an ability to adapt style to fit the audience, purpose and level of priority.
• Experienced negotiator with an ability to take a clear stance on commercial, insurance policy wording and risk positions in a constructive manner

OTHER DESIRED SKILLS & CHARACTERISTICS

• Strong work ethic, with drive and accountability
• Ability to multi-task and manage conflicting priorities under intense pressure and time constraints
• Inherent ability to build relationships with a wide range of external/internal stakeholders
• Exceptional attention to detail
• Solid understanding of statistics or financial analysis
• Microsoft Office proficient: - Outlook, PowerPoint, Word, Excel
• Management, team building, leadership and motivational skills
• Acts as a role model by collaborating with others and investing in relationships
• Willingness to take on additional responsibilities/work
• Willing to assist colleagues