Assistant Underwriter - Downstream Energy, UK & Lloyd\'s

Get AI-powered advice on this job and more exclusive features. AXA XL Energy is looking for an assistant underwriter to take on a key role within the London team. The role will include both administrative and underwriting tasks as well as broker and client facing meetings. You will be part of a team responsible for a broad portfolio of onshore energy risks, including downstream and midstream sectors alongside power generation, renewables and transmission and distribution. Prior experience in an underwriting role is essential, however, energy-specific experience is not. The portfolio has a solid foothold in the conventional oil and gas and power generation markets; it is also pivoting in line with the Energy Transition and has a growing segment dedicated to technologies contributing towards a carbon net zero future. This includes more established clean technologies such as onshore wind, solar and nuclear sectors as well as emerging technologies such as carbon capture, hydrogen, and sustainable fuels. Key to the role will be the ability to navigate this fast-moving space whilst maintaining underwriting discipline and taking calculated risks. Onshore Energy forms part of the wider London Energy team, which also includes Exploration and Production, Offshore Wind and Energy Liability. This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime. What you’ll be doing What will your essential responsibilities include? 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 … 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. You will report to to the UK Head of Downstream, Power and Renewables. What you’ll bring We’re looking for someone who has these abilities and skills: Proven Underwriting Assistant / Assistant Underwriting experience, preferably across Energy and / or related Specialty lines. General computer competency, including experience using Microsoft Outlook, Excel, Word, PowerPoint. Experience on insurance data entry systems and processes Have a logical approach to complex data, with excellent analytical and problem-solving skills Ability to communicate effectively Proactive organization skills and exceptional attention to detail Ability to get stuck in and be a team player for all business needs What we offer Inclusion 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. Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe. 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 Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer. Total Rewards AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do. We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence. Sustainability At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations. Our Pillars Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems – the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans. Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We\’re building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions. Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting. AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving. For more information, please see axaxl.com/sustainability. Who we are 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. How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty. With an innovative and flexible approach to risk solutions, we partner with those who move the world forward. Learn more at axaxl.com Seniority level Seniority level Not Applicable Employment type Employment type Full-time Job function Job function Finance and Sales Industries Insurance Referrals increase your chances of interviewing at AXA XL by 2x Get notified about new Assistant Underwriter jobs in London, England, United Kingdom . 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