Job Description
Job Number:
Underwriter, Fine Art & Specie (FAS) (Job Number: 78005916D20240912)
DISCOVER your opportunity
Location: London, UK
As an Underwriter I, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. Your 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 is 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.
Essential Responsibilities
* Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine the degree of risk for each account.
* Calculating appropriate risk premium by considering the risk costs inherent to the FAS 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.
* 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 the Underwriting Manager, FAS.
Required Skills and Abilities
* Experience in the relevant class of business, possessing functional knowledge and skills reflective of a fully competent practitioner.
* Relevant 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 good 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.
About AXA XL
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.
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.
Location
GB-GB-London
Work Locations
GB London 20 Gracechurch Street London EC3V 0BG
Schedule
Full-time
Job Type
Standard
AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.
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