At a Glance
- Tasks: Support Underwriters in pricing, modelling, and data quality assurance for the Downstream Energy team.
- Company: Join AXA XL, a leader in innovative risk solutions and inclusive culture.
- Benefits: Competitive pay, flexible working, and a commitment to your personal growth.
- Other info: Diverse and inclusive workplace with excellent career advancement opportunities.
- Why this job: Be part of a dynamic team making a real impact in the energy sector.
- Qualifications: Strong analytical skills, team player mentality, and a passion for business development.
The predicted salary is between 60000 - 75000 £ per year.
This opportunity is within the Downstream Energy team within the AXA XL London Energy unit. As an Assistant Underwriter you will support the Underwriters in the region in all tasks related to the underwriting and administration support. You will work closely with our Underwriters supporting them in their activities associated with renewals and new business, maintenance of the accounts and on models and systems. As a strong team player you will assist the team in data quality assurance and continuous development of best practice in Business Services. You will utilize strong communication and relationship building skills as you work closely with the underwriters, clients, brokers, and various functions and departments within the company. You will support the Underwriter Assistants within the team.
What you'll be doing
- 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.
- Conducting pre-underwriting for renewals, handling endorsements on active business, conducting specific analyses for new business, and following up on renewals.
- Preparing monthly reports.
- Entering information into the underwriting systems.
- Developing an internal network for facilitating the transfer of information and data between functions and departments in order to service the requirements of the underwriters and clients.
- 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.
- Understand the strategy and financial targets of AXA XL and those applicable to the business unit.
- You will be set appropriate individual targets and goals that support delivery of the business plan.
- Attending internal and external meetings with clients and brokers with an Underwriter.
- Supporting the Underwriting Assistants within the team.
What you'll bring
We’re looking for someone who has these abilities and skills:
- Able to perform tasks according to established procedures, with some ability to exercise discretion.
- Uses judgment to identify and solve day to day problems in straightforward situations.
- Strong analytical skills with the ability to think quickly and innovatively working at all times in a disciplined manner.
- You will be confident and comfortable to take personal responsibility for your work but will also be a strong team player.
- Ability to adapt quickly and easily to new conditions and requirements, externally in the market or internally within a changing Organization.
- You will have good interpersonal skills and an interest in business development.
- Able to work efficiently and have good organisational skills.
Desired Skills and Abilities:
- Ideal candidates will have relevant experience within insurance demonstrating growing proficiency.
- A personal drive for excellence, a track record of exceeding expectations and a flair for innovation.
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 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.
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.
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.
Assistant Underwriter - Downstream Energy employer: AXA Group
AXA is an exceptional employer, offering a supportive and dynamic work environment in Tunbridge Wells for nurses looking to make a meaningful impact. With a strong focus on employee growth, we provide comprehensive training, flexible working arrangements, and the opportunity to work from home, ensuring a healthy work-life balance. Join our dedicated health support team and enjoy the benefits of being part of a global leader in insurance, where your contributions truly matter.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Underwriter - Downstream Energy
✨Dive Into Industry Networking Events
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We think you need these skills to ace Assistant Underwriter - Downstream Energy
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at AXA Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at AXA Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at AXA Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at AXA Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at AXA Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding AXA Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
