Underwriter II

AXA Group; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance and risk management firm is seeking an Underwriter II in London. This role involves assessing business risks, calculating premiums, and managing client relationships. The ideal candidate will have a Bachelor's Degree and possess strong analytical, negotiation, and communication skills. This position requires on-site presence in the office 3-4 days a week and offers opportunities for professional development. Join a team committed to providing excellent service and sustainable practices.

Benefits

Flexible working arrangements

Enhanced family-friendly leave benefits

Comprehensive health and wellness programs

Qualifications

• Bachelor's Degree or equivalent.
• Experience in the relevant class of business.
• Established industry knowledge and commercial/business acumen.

Responsibilities

• Review submissions and conduct research to assess risks.
• Calculate risk premiums considering inherent costs.
• Advise and assist clients on insurance matters.
• Manage relationships to initiate cross-selling opportunities.
• Implement new and renewed accounts timely.
• Determine appropriate reinsurance for risk placements.
• Review loss control reports and manage policy endorsements.
• Support business planning and monitor financial exposure.
• Maintain awareness of claims and support settlements.

Skills

Analytical skills

Negotiation skills

Sales and marketing skills

Interpersonal skills

Excellent written and oral communication

Education

Bachelor's Degree or equivalent

Job description

London, UK

AXA XL is an Equal Opportunity Employer.

As an Underwriter II, you will be responsible for underwriting business within the agreed business plan and your individual authority (which is established commensurately with your role, experience and training). It is essential to be committed to provide excellent service to our clients and brokers. Necessarily, the role will require you to be present in the Office or “at Lloyd’s” 3-4 days’ per week.

You will be responsible for all of the underwriting activities normally associated with this type of portfolio including aggregate quantification and management, compliance, pricing and ensuring appropriate policy conditions are applied to the risk.

The portfolio is a profitable, diversified book providing significant opportunity to develop and learn - as well as build the book as part of our team. It includes direct, facultative and treaty reinsurance written within a defined risk appetite. Profitable, organic growth is the core objective for the portfolio consistent with AXA XL’s role as the Large Corporate and Speciality division of AXA Group.

What you’ll be doing

What will your essential responsibilities include?

• Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account. This includes open market (Direct & Fac) and lineslip business plus binding authorities across Lloyds and Company platforms.
• Calculating appropriate risk premium by considering the risk costs inherent to the … sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
• Proactively advising, assisting, servicing and following up with clients on insurance/re-insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
• 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.
• In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.
• Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
• 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.

You will report to Underwriting Manager, Accident and Health, UK/Lloyd’s

What you’ll bring

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

• Bachelor’s Degree (or equivalent)
• Experience in the relevant class of business, possessing functional knowledge and skills reflective of a fully competent practitioner.
• Established Industry Knowledge and Commercial/Business Acumen.
• Analytical, negotiation and sales/marketing skills
• Excellent written and oral communication skills. Excellent customer service focus is a must.
• Interpersonal Savvy - Demonstrated ability to build and maintain insured and broker contacts.
• Ability to develop and understand business processes, strategy and planning
• Collaborative team player who provides creative solutions and ideas for resolution.

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