At a Glance
- Tasks: Manage operational processes and support underwriting teams in a dynamic environment.
- Company: Join AXA XL, a leader in innovative insurance solutions.
- Benefits: Enjoy competitive pay, flexible working, and a supportive learning culture.
- Other info: Be part of an inclusive team committed to sustainability and community support.
- Why this job: Kickstart your career in insurance with expert guidance and real impact.
- Qualifications: Proficiency in Microsoft Office and a passion for data analysis.
The predicted salary is between 30000 - 40000 £ per year.
At AXA XL we solve today’s complex risks to drive tomorrow’s innovation. We see our careers with AXA XL as a chance to unleash our potential globally. Cultivate expertise. Collaborate constantly. Analyse deeper. Dream bigger. Joining AXA XL as an Underwriting Operations Analyst is a great foundation step to launch your career within insurance. Whether you have some basic Insurance experience and are ready to take the next step up, want to change your direction within Insurance or are looking for your first step on the ladder we have plenty of support available to help you take that next step.
Starting your career can be a daunting adventure, at AXA XL we have industry experts and a market leading Underwriting Academy to support you on that learning journey. The Middle Office Operations team are responsible for ensuring that operational tasks undertaken by Shared Services / Global Operations are managed appropriately, provide support to Underwriting and ensure that the administrative processes for the end-to-end policy lifecycle are run efficiently and at a high quality to serve internal and external clients. The teams support the design and delivery of strategic change initiatives affecting the Underwriting business. Example projects include the operational design strategy for Brexit, the design and execution of an offshore service centre move between countries and supporting the data and system workstreams for a new legal entity creation.
You will be based in either our Ipswich office, however, we are excited to have implemented our Smart Working initiative offering a hybrid way of working, combining both remote and office working.
What you’ll be doing
- Manage the end-to-end Operation processes
- Liaise with Enterprise Shared Services teams, Underwriting Assistants & Underwriters on a regular basis
- Monitoring Data Quality and Service Level Agreements (SLA’s)
- Investigating Queries and having an analytical mind
- Ensure working within company guidelines
- Completing or supporting the completion of regulatory reporting e.g., FIC/SOX
- Supporting and driving simplification and standardisation
- Ad Hoc and project tasks as assigned by your line manager
You will report to the Operational Process Manager, Middle Office.
What you’ll bring
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
- Computer literate – experience using Microsoft Outlook, Excel (including formulas & pivots), Word, PowerPoint and Teams would be advantageous
- Experience of being a proactive individual with an enthusiasm to deliver change
- Effective and professional communicator with proven experience in stakeholder management
- Accurate and exceptional attention to detail
- Excellent proactive organisational skills and ability to plan and prioritise their own work
- Excellent work ethic
- Sound mathematical skills with the ability to analyse complex data and statistics
- Creative thinker, curious and ready to challenge the status quo
- An appetite for achievement and building a career within the insurance market
Desired Skills and Abilities:
- Microsoft Excel LOOKUPS & IF formulas
- System data entry experience and process experience
- Previous project related experience
- Previous insurance experience from an administration or operational support perspective
- Experience of the London and/or Lloyd’s Market
- Knowledge of underwriting processes
What we offer
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.
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.
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. 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.
Underwriting Operations Analyst in Ipswich employer: AXA Group
At AXA XL, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Our Ipswich office provides a supportive environment with access to our renowned Underwriting Academy, ensuring that you have the resources and mentorship needed for professional growth. With flexible working arrangements and a strong commitment to diversity and sustainability, we empower our employees to thrive both personally and professionally while making a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Operations Analyst in Ipswich
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at AXA XL. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by researching AXA XL's values and recent projects. Show us how your skills align with their mission and be ready to discuss how you can contribute to their innovative approach.
✨Tip Number 3
Practice your analytical skills! Since the role involves data quality and monitoring, brush up on your Excel skills and be ready to demonstrate your problem-solving abilities during assessments.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the team at AXA XL.
We think you need these skills to ace Underwriting Operations Analyst in Ipswich
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriting Operations Analyst role. Highlight relevant skills and experiences that match the job description, like your analytical abilities and attention to detail. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with AXA XL's mission. Don’t forget to mention any experience you have in insurance or operational support.
Showcase Your Skills:Be sure to highlight your computer literacy, especially with Microsoft Excel. If you've got experience with data analysis or project management, let us know! We love proactive individuals who are ready to deliver change.
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application gets to the right people. Plus, we’re excited to see what you bring to the table!
How to prepare for a job interview at AXA Group
✨Know Your Numbers
As an Underwriting Operations Analyst, you'll be dealing with data and statistics. Brush up on your Excel skills, especially LOOKUPS and IF formulas. Being able to demonstrate your analytical abilities during the interview will show that you're ready to tackle complex data.
✨Understand the Underwriting Process
Familiarise yourself with the underwriting lifecycle and key processes. Research AXA XL's approach to underwriting and be prepared to discuss how you can contribute to their operational efficiency. This shows your genuine interest in the role and the company.
✨Communicate Effectively
Since stakeholder management is crucial, practice articulating your thoughts clearly and professionally. Prepare examples of how you've successfully communicated in previous roles or projects. This will highlight your ability to collaborate and drive change.
✨Show Your Enthusiasm for Change
AXA XL values proactive individuals who are eager to deliver change. Be ready to share instances where you've initiated improvements or simplified processes in past experiences. This will demonstrate your alignment with their culture of innovation and growth.
