At a Glance
- Tasks: Support underwriting and administration in the Downstream Energy and Power team.
- Company: Join AXA XL, a leader in insurance with a focus on inclusivity.
- Benefits: Competitive pay, flexible working, and family-friendly leave benefits.
- Other info: Dynamic team environment with opportunities for growth and innovation.
- Why this job: Make an impact in the energy sector while developing your skills.
- Qualifications: Experience in underwriting and strong analytical skills required.
The predicted salary is between 35000 - 45000 £ per year.
This opportunity is within the Downstream Energy and Power team within the London Energy unit. As an Underwriter I you will support 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 an influential team player you will assist the team in data quality assurance and continuous development of best practice in Business Services. You will utilise effective 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. This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
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 serve 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.
You will report to the Underwriting Manager.
What you’ll bring
- Underwriting experience within the relevant market.
- Technical knowledge and experience of the insurance industry, specifically in Energy / Renewables.
- Proven analytical, negotiation and sales skills.
- Excellent written and oral communication skills.
- Interpersonal Savvy - Demonstrated ability to build and maintain insured and broker contacts.
- Ability to develop and understand business processes, strategy and planning.
- Collaborative team player who provides creative solutions and ideas for resolution.
- Ability to adapt quickly and easily to new conditions and requirements, externally in the market or internally within a changing Organisation.
- You will have good interpersonal skills and an interest in business development.
- Able to work efficiently and have good organisational skills.
- 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. It’s about helping one another — and our business — to move forward and succeed.
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.
Learn more at axaxl.com/about-us/inclusion-and-diversity. 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.
Underwriter I, Downstream Energy and Power employer: AXA XL
Contact Detail:
AXA XL Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter I, Downstream Energy and Power
✨Tip Number 1
Network like a pro! Get out there and connect with people in the energy and insurance sectors. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Practice your pitch! You never know when you’ll meet someone who could help you land that Underwriter role. Prepare a short, engaging summary of your skills and experiences that highlights your analytical prowess and team spirit. Make it memorable!
✨Tip Number 3
Stay updated on industry trends! Read up on the latest developments in the energy and renewables market. This knowledge will not only impress potential employers but also help you engage in meaningful conversations during interviews or networking events.
✨Tip Number 4
Apply through our website! We’ve got a streamlined application process that makes it easy for you to showcase your skills. Plus, it shows you’re genuinely interested in joining our team at AXA XL. Don’t miss out on the chance to stand out!
We think you need these skills to ace Underwriter I, Downstream Energy and Power
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Underwriter I role. Highlight your relevant underwriting experience and technical knowledge in the energy sector. We want to see how your skills align with what we’re looking for!
Showcase Your Communication Skills: Since this role involves a lot of interaction with clients, brokers, and team members, it’s crucial to demonstrate your excellent written communication skills. Use clear and concise language in your application to reflect your ability to communicate effectively.
Highlight Your Analytical Abilities: We’re keen on candidates who can analyse data and provide insights. Include examples in your application that showcase your analytical skills, especially in relation to pricing and modelling within the insurance industry.
Apply Through Our Website: Don’t forget 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’s super easy to do!
How to prepare for a job interview at AXA XL
✨Know Your Underwriting Basics
Brush up on your underwriting knowledge, especially in the energy and renewables sector. Be prepared to discuss specific cases or examples from your experience that demonstrate your understanding of pricing, modelling, and risk assessment.
✨Showcase Your Analytical Skills
Since this role requires strong analytical abilities, come ready with examples of how you've used data to make informed decisions. Think about times when your analysis led to successful outcomes in previous roles.
✨Build Rapport with Your Interviewers
Effective communication is key! Practice your interpersonal skills by engaging in mock interviews. Focus on building a connection with your interviewers, as they’ll be looking for someone who can easily collaborate with clients and brokers.
✨Understand the Company’s Strategy
Familiarise yourself with AXA XL's business strategy and financial targets. Be ready to discuss how your goals align with theirs and how you can contribute to their success in the Downstream Energy and Power team.