Underwriter I - Financial Lines, Angel Risk Management

AXA Group; Chelmsford; On-site; GBP 35,000 - 55,000; Full time

Job summary

AXA Group is seeking an Underwriter I in Chelmsford to provide a profitable underwriting service. Responsibilities include managing a Professional Indemnity book, assessing risk, and maintaining client relationships. Ideal candidates will have experience in insurance underwriting, strong analytical skills, and excellent communication.

Benefits

Flexible working arrangements

Enhanced family-friendly leave benefits

Qualifications

• Proven experience in underwriting Financial Lines Insurance, including Professional Indemnity.
• Good working knowledge of general insurance and underwriting.
• Strong numeracy and literacy standards, with ability to use Microsoft Office.

Responsibilities

• Assist in the underwriting and management of Professional Indemnity book of business.
• Review submissions and determine risk levels for each account.
• Build and maintain partnerships and relationships with brokers and clients.

Skills

Underwriting Financial Lines Insurance

Analytical skills

Negotiation skills

Sales and marketing skills

Excellent communication skills

Customer service focus

Commercial/Business Acumen

Team collaboration

Education

Relevant insurance qualification

Job description

Angel Risk Management specializes in underwriting products for the small to medium-sized sector on behalf of AXA XL – the global insurer that combines financial security with a nimble and empowered approach. AXA XL provides property, casualty, professional and specialty products to industrial, commercial and professional businesses, insurers and enterprises through the world.

The majority of Angel online business is underwritten either via the Angel Underwriting bespoke system from the Angel Chelmsford office or the Angel online quick quote system. A typical Angel broker would usually be a smaller and predominately regionally focused broker.

As an Underwriter I, you will be responsible for delivering a profitable Underwriting service to your clients.

This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.

What you’ll be doing

What will your essential responsibilities include?

• To assist in the underwriting and management of Angels Professional Indemnity book of business, supporting the design and structure of risks and monitoring financial exposure within outlined limits
• Reviewing submissions including applications, policy wording, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account
• Calculating appropriate risk premium
• Proactively assisting, servicing and following up with clients on insurance
• Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
• Controlling timely implementation of new and renewed accounts according to quality standards.
• Managing policy endorsements requests and mid-term adjustments
• Maintaining awareness of all claims advised while supporting and providing input on settlement of claims
• Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team
• Develop, underwrite, quote and bind new and renewal business within the agreed business plan and individual authority
• Deal with referrals and complex risks
• Assist the junior members of the team by acting as a referral point for business outside of their authority and support their development
• Assist in preparing weekly and monthly reports
• Build and maintain partnerships and relationships with brokers and clients, and deal efficiently with queries as they arise
• Support the development and running of new Angel products and propositions
• Embed innovative company culture & actively work with IT and other Angel teams to ensure continuous development of efficient systems

You will report to the Underwriting Manager.

What you’ll bring

We’re looking for someone who has these abilities and skills:

• Proven experience of underwriting Financial Lines Insurance, preferably with some exposure to Professional Indemnity (PI), and a good working knowledge of general insurance and insurance underwriting
• Excellent Industry/ product Knowledge and Commercial/Business Acumen.
• Technical skills particularly with wordings
• Affinity with underwriting systems and online broker processing would be advantageous
• Demonstrated ability to build and maintain robust insured and broker contacts.
• Ability to develop and understand business processes, strategy and planning
• Good standard of numeracy and literacy
• Analytical, negotiation and sales/marketing skills
• Excellent communication skills.
• Excellent customer service focus is a must.
• Collaborative team player who provides creative solutions and ideas for resolution.
• Knowledge of and ability to competently work with Microsoft office applications
• React to change proactively
• Be able to work effectively in a team environment and exhibit the flexibility necessary in an evolving organization

What we offer

Inclusion

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.

• Robust support for Flexible Working Arrangements

• Enhanced family-friendly leave benefits

• Named to the Diversity Best Practices Index

• Signatory to the UK Women in Finance Charter

Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

Total Rewards

AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.

We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.

• Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.

• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.

• AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

For more information, please see axaxl.com/sustainability.

Who we are

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Learn more at axaxl.com