Underwriter II, Energy Liability - UK & Lloyd's

AXA; City of Westminster; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance company in the United Kingdom seeks an Underwriter II to oversee underwriting services to clients. The ideal candidate will possess significant technical knowledge in underwriting, excellent communication skills, and the ability to manage client relationships effectively. Responsibilities include risk assessment, premium calculation, and collaboration with internal teams to ensure client satisfaction and compliance. This position supports flexible working arrangements and has a strong commitment to diversity and inclusion.

Benefits

Flexible working arrangements

Enhanced family-friendly leave benefits

Diversity best practices support

Qualifications

• Demonstrated technical underwriting knowledge and skills.
• Excellent written and oral communication skills.
• Collaborative team player with advanced analytical skills.

Responsibilities

• Review submissions to determine risk degree.
• Calculate appropriate risk premium for Energy sector.
• Proactively advise and assist clients on insurance matters.
• Manage relationships for cross-selling opportunities.
• Control timely implementation of accounts.

Skills

Analytical skills

Communication skills

Relationship management

Technical underwriting knowledge

Project management skills

Job description

Overview

As an Underwriter II, you will be responsible for delivering a profitable 'Underwriting' service to your clients. You key tasks include: underwriting business within the agreed business plan and individual authority; 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; ensuring adequate reinsurance acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks. This is a regulated role under the Central Bank of Ireland's Fitness and Probity regime.

Responsibilities

• 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.
• Calculating appropriate risk premium by considering the risk costs inherent to the Energy 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 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.
• Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
• Maintain 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.

Qualifications

• Under technical direction, works within significant limits and authority on assignments of higher technical complexity and coordination.
• Possesses demonstrated technical underwriting knowledge and skills, including product and industry, reflective of successful progression through various job family levels.
• Advanced analytical, project and research skills.
• Excellent written and oral communication skills.
• Interpersonal Savvy – Demonstrated ability to build and maintain robust 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.

Benefits

• 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.

Equal Opportunity

AXA XL is an Equal Opportunity Employer. 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.