Senior Property Treaty Reinsurance Underwriter

AXA XL; Stamford (CT); On-site; USD 108,000 - 209,000; Full time

Job summary

AXA XL, the P&C and specialty risk division of AXA, seeks a Senior Reinsurance Underwriter for Property Treaty in Stamford/ Hartford/ New York. You will underwrite complex accounts, price using internal tools, and negotiate with brokers to grow market share.

You will collaborate across departments to ensure profitability, support marketing efforts, and service a high-quality portfolio while maintaining excellent client relationships with cedants and brokers.

Qualifications

• Bachelor of Art or Bachelor of Science degree in Business, Management, Finance or related field from an accredited college/university
• Extensive relevant experience as an underwriter, treaty or facultative reinsurance preferred
• Professional qualifications (ARe, CPCU, etc.) preferred
• Excellent understanding of reinsurance markets, placement structures and underwriting approaches
• Experience and established relationships with both large and boutique reinsurance brokers/broking firms as well as having well developed network of ceding company contacts, a plus
• Significant experience in the rating and analysis of pro rata and excess loss business
• Proven knowledge of reinsurance contracts and associated market practices
• Math aptitude and strong PC skills
• In depth knowledge and understanding of external rating and exposure models including but not limited to RMS and AIR
• Core Competencies: Underwriter must be detail oriented and accurate; have demonstrated organizational skills and flexibility; have excellent verbal and written communication skills as well as interpersonal skills; ability to present to customers and clients in a confident and effective manner; have the ability to apply creative, analytical and mathematical skills to problem-solving; have the ability to work without supervision and take initiative without being prompted; have excellent customer focus, responsiveness and multi-tasking abilities; be team-oriented and appreciate cross functional interdependencies; have a consistent commitment to excellence and strong leadership skills; and have the ability to work in a fast paced environment and respond quickly and intelligently on accounts and issues without direction.

Responsibilities

• Underwriting: Underwrite terms and conditions of new and renewal accounts by collecting, reviewing, and analyzing account information in conjunction with proper risk assessment in line with risk appetite
• Pricing: Gain proficiency with our internal pricing and modeling tools in order to establish appropriate pricing options on accounts in various structures and lines of business
• Negotiation: Negotiate competently with brokers and clients, providing constructive feedback and offering alternative risk solutions when needed
• Communication to leadership: Make presentations to senior management on larger accounts outside of underwriting authority with ability to articulate and support thought processes in a clear, cohesive and succinct manner
• Strategic underwriting: Execute strategic underwriting plans aligned with premium and profitability objectives and service excellence
• Cross-department coordination: Effectively communicate with Underwriting, Actuarial, Legal, Accounting and Underwriting Service Departments on issues that involve pricing, contract wording, premium and loss bookings as well as claims to ensure profitability of accounts and compliance with corporate guidelines
• Book of business: Develop, maintain and service a profitable book of business; participate in customer account renewal meetings and underwrite audits; and provide top quality customer service to brokers and cedants.

Skills

Underwriting experience

Pricing tools proficiency

Negotiation skills

Communication skills

Risk assessment

Financial analysis

Cross-functional collaboration

Market knowledge (reinsurance)

Education

Bachelor's degree in Business/Management/Finance

Professional qualifications (ARe, CPCU)

Tools

RMS

AIR

Job description

AXA XL, the P&C and specialty risk division of AXA, seeks a Senior Reinsurance Underwriter for Property Treaty in Stamford/ Hartford/ New York. You will underwrite complex accounts, price using internal tools, and negotiate with brokers to grow market share.

You will collaborate across departments to ensure profitability, support marketing efforts, and service a high-quality portfolio while maintaining excellent client relationships with cedants and brokers.