Senior Underwriter - London Real Estate

AXA UK; London; On-site; GBP 55,000 - 80,000; Full time

Job summary

AXA UK is seeking a Senior Underwriter to enhance our Commercial team in London. This role involves delivering financial results, managing broker relationships, and providing technical expertise. As a key contributor, you will help shape our underwriting strategies while ensuring compliance with industry regulations. Join a diverse and dynamic work environment where your skills and development are valued.

Benefits

Competitive annual salary

Annual company & performance-based bonus

Contributory pension scheme

Life Assurance

25 days annual leave plus Bank Holidays

Private health cover

AXA employee discounts

Qualifications

• Eligible and authorized to work in the United Kingdom.
• Strong level of technical underwriting expertise in the London Real Estate Commercial environment.
• Sound understanding of insurance market and processes across commercial lines insurance operations.
• Proven experience in decision making on a wide range of technical underwriting scenarios.

Responsibilities

• Deliver planned underwriting results for designated accounts through proactive account review.
• Underwrite new and existing business profitably and accurately.
• Manage underwriting relationship with key brokers to maximize financial results.
• Coach underwriters to make empowered decisions.

Skills

Commercial awareness

Negotiation skills

Analytical skills

Risk assessment

Coaching skills

Education

Dip CII qualification

Job description

Description

At AXA Commercial, we support our business customers, large and small, by making it easy for them to do business with us in the way that suits them. Whether they insure with us via brokers, directly on the phone or online through comparison sites, we've got them covered.

Building on our success, a key initiative for the future of AXA Commercial is enhancing our current teams with experienced, engaging, and forward-thinking Commercial Underwriters. This role provides a fantastic opportunity for you to build key foundations and shape the narrative, that will provide AXA the exposure and scope required for growth.

As the Senior Underwriter, you’ll deliver the branch financial results and hold accountability for broker and account level profitability. You’ll also increase the technical and trading capability of the Underwriting team, whilst working within company and regulatory processes and frameworks.

What you’ll be doing:

• Deliver planned underwriting results for designated accounts through proactive account review.
• Analyse underwriting trends and improvement plans implemented to improve profitability.
• Underwrite new and existing business profitably, accurately, consistently and in line with established underwriting practices and governance framework, using the full range of appetite and tools available.
• Manage underwriting relationship with key brokers from designated accounts to maximise financial results and to generate pipeline new business opportunities.
• Be the referral point for underwriters, coaching them to make decisions within their empowerment and providing technical and trading input to improve the quality of underwriting decisions.
• Actively manage and review underwriting standards and licences within the team ensuring effective management and deployment of empowerment.
• Support the Trading Team Manager to effectively manage the service provided to brokers and input to the performance management of underwriters.
• Demonstrate contribution to loss ratio control by effectively implementing branch underwriting controls.
• Identify poorly performing accounts and investigate reasons for lack of retention. implement actions to increase retention.

What’s in it for you:

• We’ll equip you with the technical skills for tomorrow: It’s our job to support you in becoming an expert who has ownership over their work. We want you to be confident that you can make an impact by helping our customers. We ask ourselves what we can do today that will help us in the future. That’s why we offer continuous development to help our colleagues become experts in tomorrow.
• Build a career that’s as dynamic as the market you work in: We’re on a journey of transformation, so we’re investing in new technology that enables us to help our people and businesses thrive.
• Shape your career one decision at a time: We’ll support you to progress through the business and are committed to developing talent. We do this with training and tailored development plans.

At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team, and our customers. You'll work at least 60% of your week away from home, either at our office location in London, visiting clients or attending industry events.

Due to the number of applications we expect to receive for this role, we reserve the right to close this advert earlier than the listed closing date to ensure we’re able to effectively manage interest. Therefore, if you’re interested in joining us at AXA, please don’t hesitate to apply.

What you’ll bring:

• Keep an open mind: Keen to learn and challenge the status quo, able to approach tasks from different perspectives while focusing on helping colleagues and customers.
• Stay curious: You’ll be perceptive of what our customers and the market want, and bring that knowledge into your work, whilst making the most of AXA’s development opportunities.
• Be a team player: Able to use your unique skills and knowledge to collaborate with your colleagues, take accountability and discover new ways of doing things.
• Progress towards Dip CII qualification desirable.
• Excellent coaching and development skills.
• Strong trading capability – commercial awareness, negotiation skills, ability to build strong broker relationships.
• Pragmatic decision maker with good analytical and numerical reasoning skills.
• Strong level of technical underwriting expertise in the London Real Estate Commercial environment.
• Sound understanding of insurance market and processes across commercial lines insurance operations.
• Sound knowledge of legislative and regulatory requirements for insurance.
• Proven experience in decision making on a wide range of technical underwriting scenarios within a Commercial environment.
• Excellent risk assessment and risk management skills.

As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.

This position has been defined as an Insurance Distribution Directive (IDD) role under the IDD regime which means that in addition to pre-employment screening checks, the successful candidate will be subject to background screening every 4 years with an annual declaration in interim years.

What we offer:

At AXA UK, we’re appreciative of the people who work for us and our rewards package is reviewed regularly to reflect that. You can expect to receive:

• Competitive annual salary
• Annual company & performance-based bonus
• Contributory pension scheme (up to 12% employer contributions)
• Life Assurance (up to 10 x annual salary)
• 25 days annual leave plus Bank Holidays
• Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
• Up to 21 hours volunteering leave per year
• Private health cover
• Wellbeing services & resources
• AXA employee discounts

To apply, click on the ‘apply for this job’ button, you’ll then need to log in or create a profile to submit your CV. We’re proud to be an Equal Opportunities Employer and don’t discriminate against employees or potential employees based on protected characteristics. If you have a long term condition or disability and require adjustments during the application or interview process, we’re proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to [e-mail].

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Who we are:

AXA Commercial protects businesses, from multinationals to micro start-ups, giving them the confidence to thrive. We’re currently making our biggest ever investment to develop the expertise and skills we need to be the best. We’re a vibrant community where everyone is supported to learn, develop, and take ownership of their work