Job Description - Underwriter, Casualty (78103394 D20240827) Underwriter, Casualty ( Job Number: 78103394 D20240827 )DISCOVER your opportunity This is a regulated role under the Central Bank of Ireland's Fitness and Probity regime.
Delivering a profitable 'Underwriting' service to your clients.
Key tasks include: underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; ensuring adequate reinsurance acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.
What will your essential responsibilities include?
Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
Calculating appropriate risk premium by considering the risk costs inherent to the relevant sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
Controlling timely implementation of new and renewed accounts according to quality standards.
In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.
Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.
Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.
You will report to the Underwriting Manager, Casualty.
We're looking for someone who has these abilities and skills: Bachelor's Degree preferred and equivalent experience in the relevant class of business, possessing functional knowledge and skills reflective of a fully competent practitioner.
Perform tasks according to established procedures, with some ability to exercise discretion.
Marketing - Effectively plan for sales and business development.
Integrating the use of various techniques, tools, and information to support profitable business growth over a defined period.
Negotiation/Sales - Plan, structure and conduct negotiations with brokers and/or clients to reach outcomes that gain the support and acceptance of all parties.
Analytical Skills - Visualize, gather information, articulate, analyze and solve complex problems in order to make key business decisions.
Interpersonal Savvy - Build excellent interpersonal relationships with brokers, clients & colleagues with the intention of improving personal profile and reputation within AXA XL and the broader market.
Strategy and Planning - Make underwriting decisions to fulfill business strategic plan and deliver results.
Has knowledge of financial targets and levers in order to deliver on departmental business plan.
Industry Knowledge - Understanding of the insurance industry and specific product portfolios to positively impact the underwriting business.
FIND your future 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.
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 a diverse workforce enable business growth and are critical to our success.
That's why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential.
Location AU-VIC-Melbourne Work Locations AU VIC Melbourne 525 Collins St Rialto Towers (South Tower) Suite 2, Level 30525 Collins Street Melbourne 3000 Schedule Full-time Job Type Standard AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.
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