Job Description

:

Assistant Underwriter

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London


AXA XL is a major international player within Property & Casualty commercial lines, insuring companies with the most complex risks across different territories. As we look to the future, our desire is to continue growing to ensure we are meeting the needs of all our clients regardless of the business types and sizes. In order to achieve this aim we are delighted to be investing within the Middle Market segment which mainly focus on domestic and international clients with increasing complexity across Property and Casualty lines in the UK. This evolving Underwriting practice will be supported by dedicated teams in Distribution, Claims, Operations, Actuarial and Risk Consulting.


This growth ambition means we have created opportunities within the Property and Casualty Underwriting teams for ambitious professionals who are excited by the challenge of an expanding organisation. We are looking for Underwriters across the UK who have proven experience in the Middle Market P&C segment, with an inquisitive and entrepreneurial mindset, a desire to find innovative ways to meet client needs and develop business opportunities across multiple products.


In return you will benefit from extensive training and career development support, including a bespoke Underwriter specific induction and new joiner training, access to the Underwriting Academy for ongoing training on a wide range of topics, supported by market leading infrastructure. You will also enjoy the extensive employee benefits package, competitive salary, excellent bonus opportunity and flexible working practices.

Retail Property Practice

The UK International Property Underwriting Team within AXA XL insures the Property Damage and Business Interruption risks for a diverse portfolio of large and corporate clients globally, spanning a broad range of trades from retail, pharmaceutical all the way through to food manufacturers.


The team offers innovative risk transfer and risk management solutions that meet the needs of today's local businesses and global players alike by working closely with dedicated loss prevention service units and account management teams.

What

you'll be doing

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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.


As an Assistant Underwriter you will work with our industry leading Underwriters to support them through the underwriting process for new and renewal business, ensuring that our clients and Brokers experience the highest level of service.


You will have the opportunity to work with our Actuarial experts to learn how to use pricing models and systems to support the underwriting process, as well as building your experience to work towards gaining your own underwriting authority.


What will your role as an Assistant Underwriter include?

Pre-underwriting preparation for new business opportunities and renewal submissions, including compliance and clearance checks Working with underwriters to analyse and prepare underwriting information, reviewing insured values, loss data, and liaising with risk consulting and cat modelling teams as required Working with underwriters to review technical pricing models and policy wordings and conditions to ensure risks are within appetite and aligned with group guidelines / specific global property underwriting rules & guidelines Prepare post-bind handover documentation for underwriters to check prior to handover to Middle Office. Working closely with middle office teams in the handover of bound risks, to track the processing of accounts, and assist with any enquiries and/or required amendments Working with Middle Office to ensure a consistent and compliant process flow and data accuracy. Working with underwriters to review mid-term adjustments and endorsement requests for existing business Ensuring all underwriting activities are documented on the underwriting systems to the required data quality standards Support underwriting managers by reviewing and sourcing portfolio management data / reports to ensure compliance with internal key performance indicators. Support underwriting managers with ad-hoc administrative tasks as required. Building an internal network to support sharing of information and data between functions

You will report to the Underwriting manager

What

you'll bring

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As an Assistant Underwriter you will be working toward building your Underwriting experience, having some of the experience and skills below will help;

Excellent written and verbal communication skills Excellent interpersonal skills, and the ability to build productive relationships across different business functions Ability to manage multiple tasks and projects simultaneously Desire to work as part of a productive and high-achieving team Excellent analytical and problem-solving skills, and ability to use reasoning to work through information and reach a reasoned conclusion Desire to learn, build skills and learn how to manage the underwriting process Bachelor's degree preferred and experience in insurance with a focus on Property insurance Ideally, you will understand the fundamentals of the Insurance industry, and/or have experience conducting detailed due diligence and operational set-ups within an insurance context Basic understanding of regulatory requirements and compliance, for example Lloyd's and the FCA Customer first approach with experience in improving customer journeys, particularly within a governance or control environment

What

we

offer

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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 and 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.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called "Roots of resilience", focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.



Our Pillars:

Valuing nature:

How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We're committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.

Addressing climate change:

The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.

Integrating ESG:

All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We're training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.

AXA Hearts in Action

: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL's "Hearts in Action" programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving.


For more information, please see axaxl.com/sustainability.

Who

we

are

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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.



Learn more at axaxl.com