Senior Underwriter - Delegated Wholesale Property

Posted 5 hours 24 minutes ago by XL CATLIN

Permanent
Full Time
Other
London, United Kingdom
Job Description

Job Description - Senior Underwriter - Delegated Wholesale Property ()

Job Number:

Senior Underwriter - Delegated Authority

London, UK

We are seeking a Delegated Underwriter to specialize in North American business within the Lloyd's market. As a Delegated Underwriter, you will be responsible for underwriting and managing a portfolio of North American business in accordance with the Lloyd's market standards and regulations. Your primary focus will be on building and maintaining relationships with coverholders, brokers, and clients, and ensuring profitable underwriting results.

As an experienced Underwriter you will be responsible for working within authority limits on assignments reflecting the expert degree of technical complexity and coordination under broad management direction. This position is typically an individual contributor and your key responsibilities will involve:

  1. Underwriting business in line with the business plan.
  2. Assisting the planning and forecasting process.
  3. Monitoring aggregate exposure within agreed limits.
  4. Monitoring premium income to ensure it remains within agreed limits.
  5. Ensuring all risks written are within the agreed maximum.
  6. Maintaining awareness of all claims advised.
  7. Supporting and providing input on settlement of claims advised.
  8. Building and maintaining relationships with brokers and clients.
  9. Supporting the design and structure of risks.
  10. Identifying and driving new product development opportunities.

This is a regulated role under the Central Bank of Ireland's Fitness and Probity regime.

Essential Responsibilities
  1. Underwrite, manage and service a renewal book and produce new business in accordance with business unit goals.
  2. Provide expertise and guidance on North American business to internal teams and external partners.
  3. Assess and analyze risks associated with North American business and determine appropriate underwriting strategies.
  4. Collaborate with internal and external stakeholders to support the successful placement and management of North American business.
  5. Exercise discretion and independent judgment in the analysis and evaluation of risk.
  6. Participate in roundtable discussions on risk assessment and provide mentorship and leadership to peers.
  7. Negotiate with producers within the limits of delegated authority and in accordance with established underwriting standards to achieve profit objectives.
  8. Build and enhance relationships with brokers and clients and identify and establish new distribution relationships.
  9. Maintain expertise with the products, services, priorities and target markets to more effectively enable clients to uncover hidden risks.
  10. 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.
  11. Maintain compliance with all internal and external underwriting guidelines and legal requirements.
  12. Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
  13. Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
  14. Identify and drive new product development opportunities.
  15. Under broad management direction, work at the highest authority limits on assignments reflecting the expert degree of technical complexity and coordination.

You will report to Underwriting Manager.

Qualifications
  1. Proven experience in underwriting North American business within the Lloyd's market.
  2. Excellent understanding of Lloyd's market standards, regulations, and processes.
  3. Excellent analytical and decision-making skills.
  4. Effective communication and interpersonal abilities to build and maintain relationships.
  5. Ability to work collaboratively with internal and external stakeholders to achieve business objectives.
  6. Strong analytical and problem-solving skills as well as sales and marketing abilities.
  7. Excellent organizational, time-management and multi-tasking skills combined with a great work ethic.
  8. Ability to develop and understand business processes, strategy and planning.
  9. Knowledge of functionality of systems.
  10. Ability to work independently.
  11. Ability to respond to a changing environment with flexibility and innovation.
  12. Good customer service and negotiation skills, with a proven track record in development of business relationships with brokers and insureds.
  13. Ability to lead in accordance with AXA XL Core Values and Culture.

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.

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.

AXA XL is an Equal Opportunity Employer.

Location

London, UK

Schedule

Full-time

Job Type

Standard