At a Glance
- Tasks: Support Underwriters by recording risk details and maintaining documentation.
- Company: AXA XL is a leader in solving complex risks for businesses globally.
- Benefits: Enjoy a supportive learning environment with an Underwriting Academy and flexible work options.
- Why this job: Kickstart your insurance career with expert guidance and exciting projects that make a difference.
- Qualifications: A-level education or equivalent, strong Excel skills, and attention to detail required.
- Other info: Join a diverse team focused on innovation and client service.
The predicted salary is between 28800 - 43200 £ per year.
Underwriting Assistant
Ipswich, UK
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 Assistant 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. Within this role you will primarily be responsible for supporting several lines of business.
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.
DISCOVERyour opportunity
What will your essential responsibilities include?
·Assisting Underwriters in recording risk details on source systems; building broker relationships as required; developing knowledge of the class of business and the accounts written; retrieving data for Underwriters as requested, accurately and on time
·Liaise with underwriters to ensure correct interpretation of data for accuracy and completeness
·Maintain underwriting documentation/files; keeping all documentation in order
·Liaise with the Credit Control team – answering queries, tracking and monitoring premium using core underwriting systems.
·Work with and build relationships with underwriting support functions to respond to regular control and exception reports, including data entry and ensure adherence to common standards across the business
·Work with underwriting team to develop requirements for statistical and insightful reports for Underwriting function
·Monitor renewal lists and co-ordinate as required
·Support delegated underwriting renewal process alongside underwriters, pricing, claims and governance
·Work closely with shared servicesto ensure accurate and timely service to our Underwriters and Clients
·Other ad-hoc duties and projects
You will report into Team Leader, Middle Office
SHARE your talent
We’re looking for someone who has these abilities and skills:
·Minimum A-level standard of education or equivalent business experience
·Proficient use of Microsoft Excel with the ability to use VLookups/Pivots/formulae on a daily basis without guidance
·Computer literate – experience using Microsoft Outlook, Word, PowerPoint, Teams would be advantageous
·System data entry experience and processes would be beneficial
·Rational approach to complex data
·Effective communicator
·Possess excellent analytical and problem solving skills
·Accurate and exceptional attention to detail
·Excellent proactive organisation skills and ability to plan and prioritise work, using their own initiative and keeping one step ahead
FIND your future
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.
Inclusion & Diversity
Underwriting Assistant employer: AXA Group
Contact Detail:
AXA Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Assistant
✨Tip Number 1
Familiarise yourself with the insurance industry, particularly underwriting processes. Understanding the basics of risk assessment and policy lifecycle will give you a solid foundation to discuss during interviews.
✨Tip Number 2
Enhance your Excel skills, especially with VLookups and PivotTables. Being proficient in these tools is crucial for the role, and showcasing your ability to handle data effectively can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the insurance sector, particularly those working in underwriting. Engaging with industry experts can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 4
Prepare to discuss your organisational skills and how you prioritise tasks. The role requires excellent attention to detail and the ability to manage multiple responsibilities, so be ready to share examples from your past experiences.
We think you need these skills to ace Underwriting Assistant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant skills and experiences that align with the Underwriting Assistant role. Emphasise your proficiency in Microsoft Excel and any experience you have with data entry or analysis.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the insurance industry and your desire to grow within AXA XL. Mention specific aspects of the job description that excite you and how your background makes you a suitable candidate.
Highlight Relevant Experience: If you have previous experience in insurance or related fields, be sure to detail this in your application. Even if it's not directly related, any analytical or organisational skills you've developed can be beneficial.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for the Underwriting Assistant role.
How to prepare for a job interview at AXA Group
✨Know Your Basics
Make sure you have a solid understanding of the insurance industry and the role of an Underwriting Assistant. Brush up on key terms and concepts, as well as the specific responsibilities mentioned in the job description.
✨Showcase Your Excel Skills
Since proficiency in Microsoft Excel is crucial for this role, be prepared to discuss your experience with VLookups, PivotTables, and other formulae. You might even want to mention specific examples of how you've used these skills in past roles or projects.
✨Demonstrate Attention to Detail
Highlight your ability to maintain accurate documentation and manage data effectively. Prepare examples that showcase your meticulousness and how it has positively impacted your previous work.
✨Ask Insightful Questions
Prepare thoughtful questions about the team dynamics, the Underwriting Academy, and any ongoing projects. This shows your genuine interest in the role and helps you understand how you can contribute to the team's success.