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For Companies At a Glance
- Tasks: Underwrite business, assess risks, and manage client relationships in a dynamic environment.
- Company: Join AXA XL, a leader in insurance with a commitment to diversity and inclusion.
- Benefits: Enjoy flexible working arrangements, family-friendly leave, and sustainability initiatives.
- Why this job: Make an impact in the insurance industry while developing your skills and career.
- Qualifications: Bachelor’s degree and experience in underwriting with strong analytical and communication skills.
- Other info: Collaborative team culture with opportunities for growth and creative solutions.
The predicted salary is between 36000 - 60000 £ per year.
London, UK • AXA XL is an Equal Opportunity Employer.
As an Underwriter II, you will be responsible for underwriting business within the agreed business plan and your individual authority. The role requires a commitment to providing excellent service to clients and brokers, and in-office presence or at Lloyd’s 3-4 days per week. The portfolio includes direct, facultative and treaty reinsurance written within a defined risk appetite. It is a profitable, diversified book with opportunities to develop and learn, and to build the book as part of the team. Profitable, organic growth is the core objective for the portfolio, consistent with AXA XL’s Large Corporate and Speciality division of AXA Group.
What you’ll do
- Review submissions including applications, policy wording, inspection reports, loss runs, and financial reports, researching to determine degree of risk for each account. This includes open market (Direct & Fac) and lineslip business plus binding authorities across Lloyds and Company platforms.
- Calculate appropriate risk premium considering risk costs inherent to the sector, reinsurance cessions, and underwriting and admin costs while ensuring profitability.
- Advise, assist, service, and follow up with clients on insurance/reinsurance and risk management matters to ensure satisfaction and fulfillment of insurance requirements.
- Manage relationships to initiate opportunities for cross-selling offered products and to ensure account retention.
- Ensure timely implementation of new and renewed accounts according to quality standards.
- In coordination with internal teams, determine appropriate reinsurance for risk placements (excess of loss and quota share).
- Review loss control reports and manage policy endorsement requests to process necessary changes.
- Support the business planning and forecasting process; monitor financial exposure and premium income within set limits.
- Maintain awareness of all claims advised and provide input on settlement of claims.
Qualifications
- Bachelor’s Degree (or equivalent)
- Experience in the relevant class of business with functional knowledge of underwriter practices
- Industry knowledge and commercial/business acumen
- Analytical, negotiation, and sales/marketing skills
- Excellent written and oral communication; strong customer service focus
- Interpersonal savvy with ability to build insured and broker contacts
- Ability to develop and understand business processes, strategy, and planning
- Collaborative team player able to provide creative solutions
What we offer
- Inclusion: AXA XL is committed to equal employment opportunity and an inclusive culture with diverse talent and opportunities for growth.
- Robust support for Flexible Working Arrangements
- Family-friendly leave benefits
- Rewards and sustainability initiatives aligned with our values
For more information, please see axaxl.com/about-us/inclusion-and-diversity and axaxl.com/sustainability. AXA XL is an Equal Opportunity Employer.
Underwriter II employer: AXA XL
Contact Detail:
AXA XL Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter II
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their values. Be ready to discuss how your skills align with their needs, especially in underwriting and risk management. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! You want to be able to confidently explain your experience and what you bring to the table. Keep it concise but impactful – think of it as your personal brand statement.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Underwriter II
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Underwriter II role. Highlight your relevant experience and skills that match the job description, especially your analytical and negotiation skills.
Showcase Your Knowledge: Demonstrate your understanding of underwriting practices and the insurance industry in your application. Mention any specific experiences that relate to direct, facultative, or treaty reinsurance to show you know your stuff!
Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language and avoid jargon unless it's relevant. We want to see your communication skills shine through!
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 shows you’re keen on joining our team!
How to prepare for a job interview at AXA XL
✨Know Your Numbers
As an Underwriter II, you'll need to be comfortable with financial reports and risk calculations. Brush up on your analytical skills and be ready to discuss how you would assess risk premiums based on various factors. This shows that you understand the core responsibilities of the role.
✨Showcase Your Communication Skills
Excellent written and oral communication is key in this role. Prepare examples of how you've successfully managed client relationships or resolved issues in the past. This will demonstrate your customer service focus and interpersonal savvy, which are crucial for building trust with clients and brokers.
✨Understand the Business Landscape
Familiarise yourself with the current trends in the insurance and reinsurance markets. Being able to discuss recent developments or challenges in the industry will show that you're not just knowledgeable but also genuinely interested in the field, which can set you apart from other candidates.
✨Be a Team Player
Collaboration is essential in underwriting. Think of examples where you've worked effectively within a team to achieve a common goal. Highlighting your ability to provide creative solutions and support business planning will resonate well with the interviewers, as they value a collaborative approach.
