Sr. Underwriter - Builder's Risk

AXIS (AXIS Capital); Chicago (IL); Hybrid; USD 130,000 - 165,000; Full time

Job summary

AXIS Capital is hiring an Underwriter – Builder’s Risk to support Builder’s Risk portfolio growth. The role focuses on underwriting new and renewal business, developing broker and customer relationships, and building technical underwriting expertise within the Construction team.

The position can be based out of Midwest or West Coast offices. The candidate will underwrite within governance, analyze opportunities, and collaborate across AXIS to meet clients’ needs.

Qualifications

• 3–10 years of Builder’s Risk, Property, or Commercial Insurance underwriting experience.
• Curiosity and desire to learn.
• Ability to analyze and underwrite a range of commercial property risks.
• Solid understanding of Builder's Risk coverage, exposure analysis, pricing principles, and market dynamics.
• Able to communicate underwriting concepts to audiences of varying experience.
• Independently manage routine underwriting responsibilities while collaborating in a team.
• Capable of handling time constraints for quoting new and renewal business.

Responsibilities

• Develop Builder's Risk expertise while building broker and customer relationships and contributing to underwriting, retention, and growth across the portfolio.
• Analyze and qualify opportunities based on the organization’s appetite and communicate it effectively.
• Underwrite within the underwriting governance framework.
• Evaluate and negotiate new and renewal business within delegated authority.
• Develop and maintain relationships with broker partners to support retention and growth.
• Support business development through broker interactions and growth opportunities in assigned accounts.
• Manage underwriting responsibilities to contribute to portfolio performance.
• Participate in industry functions to build market knowledge and represent AXIS professionally.
• Help facilitate broker/customer meetings to strengthen relationships and identify opportunities.
• Collaborate with colleagues across the organization to meet customers’ needs.

Skills

Builder's Risk underwriting

Property underwriting

Commercial insurance underwriting

Broker & customer relationships

Tools

Microsoft Office applications

Job description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

Underwriter – Builder’s Risk

How does this role contribute to our collective success?

AXIS’ U.S. Construction team is seeking an underwriter with a focus on Builder’s Risk (Project and Master). This role will support the growth and profitability of our Builder’s Risk portfolio by underwriting new and renewal business, building broker and customer relationships, and developing technical expertise and supporting business development within the Construction team. This position can be based out of any of our Midwest or West Coast offices.

What will you do in this role?

• Continue developing Builder's Risk expertise while building strong relationships with brokers and customers and contributing to underwriting, retention, and growth objectives across the portfolio.
• Analyze and qualify opportunities based upon the organization’s appetite and be able to effectively communicate such.
• Underwrite within the underwriting governance framework.
• Evaluate, underwrite, and negotiate new and renewal business within delegated authority and underwriting guidelines while exercising sound underwriting judgment.
• Develop and/or maintain relationships with our broker partners in support of desired business retention as well as work with our customers and brokers to identify their insurance needs and provide recommendations and possible solutions to achieve it where possible.
• Support business development efforts through broker interactions and the identification of growth opportunities within assigned accounts and territories.
• Manage assigned underwriting responsibilities and contribute to portfolio performance objectives in support of organizational goals.
• Participate in industry functions and professional events to continue building market knowledge and representing AXIS professionally.
• Participate in and help facilitate broker and customer meetings to strengthen relationships, identify opportunities, and support retention and growth objectives
• Work collaboratively with colleagues across the organization to ensure our customer’s needs are met.

About You:

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have:

• 3 - 10 years of Builder’s Risk, Property, or Commercial Insurance underwriting experience.
• Curiosity and desire to learn
• Experience analyzing and underwriting a range of commercial property or Builder’s Risk exposures.
• Solid understanding of Builder's Risk coverage, exposure analysis, pricing principles, and marketplace dynamics.
• Able to analyze standard and moderately complex risks and communicate underwriting concepts or positions to audiences of varying experience.
• Able to independently manage routine underwriting responsibilities while collaborating effectively in a team setting.
• Capable of handling time constraints for quoting new and renewal business.

What we prefer you to have:

• Understanding of both admitted (retail) and non-admitted / Excess & Surplus (wholesale) underwriting framework.
• Experience collaborating with brokers and supporting relationship development within an assigned market or territory.
• Creative problem-solving skills.
• Reasonably proficient with Microsoft Office applications.

Role Factors:

In this role, you will typically be required to:

• This will be a hybrid role with an expectation of being in an AXIS office 3 days per week (as applicable)
• Travel roughly 25%
• Participate on weekly team calls / meetings when operating in hybrid environments

What we offer:

For this position, we currently expect to offer a base salary in the range of $130,000 - $165,000K. Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.

In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

Where this role is based in the United States of America, this role is Exempt for FLSA purposes.

This posting is for an existing vacancy.