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For Companies At a Glance
- Tasks: Underwrite and manage motor insurance portfolios while developing strategies for growth.
- Company: Join AXA XL, a leader in the insurance industry with a focus on innovation.
- Benefits: Competitive salary, professional development, and opportunities for mentorship.
- Why this job: Make an impact in the insurance sector while building valuable relationships.
- Qualifications: Extensive knowledge in Motor Insurance and strong analytical skills required.
- Other info: Dynamic role with opportunities for career advancement and cross-team collaboration.
The predicted salary is between 48000 - 72000 £ per year.
Location: Manchester, England, United Kingdom.
Responsibilities
- Underwrite, manage and service a renewal book and produce new business in accordance with business unit goals.
- Develop and manage underwriting strategies for both renewals and targets within your portfolio of accounts, including knowledge of the current penetration by product, cross marketing penetration and specific plans to increase company share.
- Exercise discretion and self-directed judgment in the analysis and evaluation of risk.
- Participate in roundtable discussions on risk assessment and provide mentorship and leadership to peers.
- Negotiate with producers within the limits of delegated authority and in accordance with established underwriting standards to achieve profit objectives.
- Build and enhance relationships with brokers and clients and identify and establish new distribution relationships.
- Maintain expertise with the products, services, priorities and target markets to more effectively enable clients to uncover hidden risks.
- Promote the company's expertise by participating in industry conferences and events while regularly conducting and taking leadership roles in client and broker meetings to educate on risk.
- Maintain compliance with all internal and external underwriting guidelines and legal requirements.
- 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.
- Identify and drive new product development opportunities.
- Effectively cross-market with other AXA XL lines; meet with brokers and insureds as required.
- Cultivate key broker relationships in the region to maintain a steady stream of business within our underwriting appetite.
- Under broad management direction, work at the highest authority limits on assignments reflecting the expert degree of technical complexity and coordination.
- Possess an expert level of technical knowledge and skills including product and industry.
- Provide guidance and assistance to junior underwriters and associates and other functional areas.
- Cross team collaboration with other key internal stakeholders, such as Distribution and Risk Management.
Qualifications
- Possess a high and extensive level of technical knowledge and skills within Motor Insurance, and UK.
Senior Underwriter, Motor (Regions) employer: AXA XL
Contact Detail:
AXA XL Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter, Motor (Regions)
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals at conferences or local meet-ups. Building relationships can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Show off your expertise! When you’re chatting with potential employers or brokers, don’t hold back on sharing your knowledge about Motor Insurance. It’ll help you stand out as a candidate who knows their stuff.
✨Tip Number 3
Be proactive in your approach! Instead of waiting for job openings, reach out directly to companies you admire. Express your interest and ask if they have any upcoming opportunities – you might just catch them at the right time.
✨Tip Number 4
Utilise our website for job applications! We’ve got a range of roles that could be perfect for you. Applying through us not only streamlines the process but also keeps you updated on new opportunities tailored to your skills.
We think you need these skills to ace Senior Underwriter, Motor (Regions)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in motor insurance and any relevant achievements that align with the responsibilities mentioned in the job description.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this position. Use specific examples from your past experiences to demonstrate your skills in underwriting and relationship building.
Showcase Your Technical Knowledge: Since this role requires a high level of technical knowledge, don’t shy away from showcasing your expertise in motor insurance. Mention any relevant certifications or training that can set you apart from other candidates.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!
How to prepare for a job interview at AXA XL
✨Know Your Stuff
Make sure you brush up on your technical knowledge of Motor Insurance and the UK market. Familiarise yourself with current trends, underwriting strategies, and any recent changes in regulations. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Experience
Prepare specific examples from your past work where you've successfully underwritten policies or managed client relationships. Highlight instances where you've exercised discretion in risk analysis or led discussions on risk assessment. This will demonstrate your capability and experience in handling the responsibilities of the role.
✨Build Rapport
During the interview, focus on building a connection with your interviewers. Ask insightful questions about their underwriting processes and how they cultivate broker relationships. This shows that you're not just interested in the job, but also in how you can contribute to their team culture and goals.
✨Be Ready to Negotiate
Since negotiation is a key part of the role, be prepared to discuss how you would approach negotiations with producers. Think about your strategies for achieving profit objectives while maintaining strong relationships. This will highlight your understanding of the balance between business goals and client satisfaction.