Job Description - Assistant Underwriter (12001820D20250103)
Job Number:
12001820D20250103
Assistant Underwriter - Political Violence, War & Terrorism
Location: London, UK
Closing date for applications: 27th February 2025
As an Assistant Underwriter, you will support the Underwriters in the region in all tasks related to underwriting and administration support. You will work closely with our Underwriters supporting them in their activities associated with renewals, maintenance of the accounts, and on models and systems. As an excellent team player, you will assist the team in data quality assurance and continuous development of best practices in Business Services. You will utilize your expert communication and relationship-building skills as you work closely with the underwriters, clients, and various functions and departments within the company. This role sits within our Political Violence, War, and Terrorism line of business and is a great opportunity to develop skills across that area.
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
Essential Responsibilities
1. Underwriting under guidance (within limits); preparing individual cases for pricing and modelling, liaising with Actuaries to deliver technical pricing to Underwriter; using modelling systems to aid the underwriting process; conducting research as requested by Underwriter.
2. Where granted, operate within your defined authority level which will be commensurate with your skills and knowledge. This authority will be periodically reviewed as your experience grows and you demonstrate competence.
3. Conduct pre-underwriting for renewals, handle endorsements on active business, conduct specific analyses for new business, and follow up on renewals.
4. Prepare monthly reports.
5. Enter information into the underwriting systems (Pricing, Destiny IR, ReDoc).
6. Develop an internal network for facilitating the transfer of information and data between functions and departments to service the requirements of the underwriters and clients.
7. Assist the business group in maintaining and developing their book of business while developing the necessary skill sets and defined authority to accept risk in underwriting of a profitable account.
8. Understand the strategy and financial targets of XL Catlin Insurance and those applicable to the business unit. You will be set appropriate individual targets and goals that support delivery of the business plan.
9. Attend internal and external meetings with clients and brokers.
Required Skills and Abilities
1. A personal drive for excellence, a track record of exceeding expectations, and a flair for innovation.
2. Able to perform tasks according to established procedures, with some ability to exercise discretion.
3. Uses judgment to identify and solve day-to-day problems in straightforward situations.
4. Excellent analytical skills with the ability to think quickly and innovatively while working in a disciplined manner.
5. Comfortable taking personal responsibility for your work but also a team player.
6. Ability to adapt quickly and easily to new conditions and requirements, externally in the market or internally within a changing organization.
7. Good interpersonal skills and an interest in business development.
8. Relevant professional designations or be progressing towards achieving such designations: You will be expected to undertake professional studies where these are not already held commensurate with the roles and responsibilities.
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.
AXA XL is an Equal Opportunity Employer.
Location
GB-GB-London
Work Locations
GB London 20 Gracechurch Street 20 Gracechurch Street London London EC3V 0BG
Job Field
Schedule
Full-time
Job Type
Standard
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