At a Glance
- Tasks: Underwrite construction risks and manage client relationships in the renewable energy sector.
- Company: Join AXA XL, a leader in construction and engineering insurance.
- Benefits: Competitive pay, flexible working, and inclusive benefits for your well-being.
- Other info: Diverse and inclusive culture with opportunities for professional development.
- Why this job: Make a real impact in the renewable energy space while growing your career.
- Qualifications: Experience in underwriting construction projects and strong broker relationships required.
The predicted salary is between 60000 - 80000 € per year.
AXA XL’s UK & Lloyd’s Construction & Engineering team underwrites Construction and Erection All Risks (CAR/EAR) for a diverse global client base. Our portfolio spans Coverholders, Contractors, Owners, Utilities, Developers and OEMs, and we work closely with all major London broking houses. With a robust pipeline of new business and a growing appetite across CAR, EAR, DSU and first-year operations, this is an excellent opportunity to join an established and energetic team.
We are seeking an experienced Construction/Erection Underwriter with deep market knowledge and influential broker relationships to help drive the continued build-out of our portfolio. You will play a key role in delivering profitable underwriting results, shaping risk strategy, and representing AXA XL as a market-leading partner to clients and brokers. This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
What you’ll be doing
As Senior Underwriter, you will be responsible for delivering a profitable, high-quality underwriting service across a broad range of construction risks. Your responsibilities will include:
- Underwriting & Portfolio Management: Reviewing submissions, including policy wordings, inspection reports and loss runs, and conducting detailed analysis to assess risk quality. Pricing risks appropriately by considering technical risk costs, reinsurance structures, and underwriting/administration expenses to ensure sustainable profitability. Underwriting business within agreed authority levels and contributing to the wider business planning and forecasting process. Monitoring aggregate exposures, premium income, and portfolio performance to ensure alignment with plan and risk appetite.
- Client & Broker Engagement: Building and maintaining effective relationships with brokers and clients to support new business development and account retention. Providing proactive advice on insurance and risk management matters, ensuring clients receive a tailored and responsive service. Identifying opportunities for cross-selling and supporting broader AXA XL initiatives.
- Policy & Claims Oversight: Reviewing loss control reports and managing endorsement requests to ensure accurate and timely policy issuance. Maintaining awareness of all notified claims and providing input into claims strategy and settlement discussions.
You will report directly to the Head of Construction, UK & Lloyd’s.
What you’ll bring
We’re looking for someone who has these abilities and skills:
- Required Skills and Abilities: Proven experience underwriting construction projects and annuals profitably. Excellent understanding of the CAR/EAR market and the factors influencing performance. Established broker and client network, ideally including renewable energy sector relationships. Excellent communication and customer service skills. Proven analytical, negotiation and commercial skills. Proficiency with pricing tools and solid working knowledge of Microsoft Excel. Familiarity with broker manuscript and industry-standard CAR/EAR wordings. Understanding of linesize management and portfolio steering.
- Desired Skills and Abilities: Background in engineering or construction, or a relevant technical degree. Binder and lineslip experience (preferred but not essential). Progress toward Cert CII or higher.
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.
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.
Senior Underwriter - Onshore Renewable Energy Construction in London employer: AXA XL
AXA XL is an exceptional employer, offering a dynamic work environment where innovation and collaboration thrive. With a strong commitment to inclusion and employee development, we provide robust support for flexible working arrangements and comprehensive benefits that evolve with your career. Join our energetic team in London, where you will have the opportunity to shape risk strategies in the renewable energy sector while building influential relationships with clients and brokers.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - Onshore Renewable Energy Construction in London
✨Tip Number 1
Network like a pro! Reach out to your existing contacts in the construction and underwriting sectors. Attend industry events or webinars to meet new people. Remember, it’s all about who you know, and a friendly chat can lead to job opportunities.
✨Tip Number 2
Showcase your expertise! Prepare a portfolio that highlights your successful underwriting projects, especially in renewable energy. This will not only impress potential employers but also give you confidence during interviews.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. Focus on articulating your experience in CAR/EAR underwriting and how you’ve built relationships with brokers. The more you practice, the more comfortable you’ll feel.
✨Tip Number 4
Apply through our website! We’re always on the lookout for talented individuals like you. Make sure to tailor your application to highlight your relevant skills and experiences. Let’s get you on board!
We think you need these skills to ace Senior Underwriter - Onshore Renewable Energy Construction in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Underwriter role. Highlight your experience in underwriting construction projects and any relevant broker relationships you have. We want to see how your skills align with what we're looking for!
Showcase Your Analytical Skills:Since this role involves a lot of risk assessment and pricing, be sure to mention any specific tools or methodologies you’ve used in your previous roles. We love seeing candidates who can demonstrate their analytical prowess and how it has led to profitable outcomes.
Highlight Your Communication Skills:Effective communication is key in this role, especially when engaging with clients and brokers. Share examples of how you've successfully built relationships or provided tailored advice in your past positions. We want to know how you connect with others!
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at AXA XL!
How to prepare for a job interview at AXA XL
✨Know Your Underwriting Inside Out
Make sure you brush up on your knowledge of Construction and Erection All Risks (CAR/EAR) before the interview. Be prepared to discuss specific underwriting cases you've handled, focusing on your analytical approach and decision-making process.
✨Build Rapport with Brokers
Since building relationships with brokers is key in this role, think of examples where you've successfully engaged with brokers or clients. Highlight how you’ve maintained these relationships and any strategies you used to enhance collaboration.
✨Showcase Your Analytical Skills
Prepare to demonstrate your proficiency with pricing tools and your analytical skills. Bring along examples of how you've assessed risk quality and made profitable underwriting decisions based on data analysis.
✨Understand the Renewable Energy Sector
Given the focus on renewable energy, do some research on current trends and challenges in this sector. Be ready to discuss how your experience aligns with these trends and how you can contribute to AXA XL's growth in this area.