Assistant Underwriter - Downstream Energy

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Assistant Underwriter - Downstream Energy

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Job Description

Assistant Underwriter - Energy Downstream

London, UK

This opportunity is within the Downstream Energy team within the AXA XL London Energy unit.  As an Assistant Underwriter you will support the Underwriters in 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 a strong team player you will assist the team in data quality assurance and continuous development of best practice in Business Services. You will utilize strong 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. 

What you’ll be doing

What will your essential responsibilities include?

• 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 in to the underwriting systems.
• Developing an internal network for facilitating the transfer of information and data between functions and departments in order to service 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 AXAXL 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.

What you’ll bring

We’re looking for someone who has these abilities and skills:

Required Skills and Abilities:

• Able to perform tasks according to established procedures, with some ability to exercise discretion
• Uses judgment to identify and solve day to day problems in straightforward situations
• Strong analytical skills with the ability to think quickly and innovatively working at all times in a disciplined manner.

• You will be confident and comfortable to take personal responsibility for your work but will also be a strong team player.

• Ability to adapt quickly and easily to new conditions and requirements, externally in the market or internally within a changing Organization. 

• You will have good interpersonal skills and an interest in business development

• Able to work efficiently and have good organisational skills

Desired Skills and Abilities:

• Ideal candidates will have relevant experience within insurance demonstrating growing proficiency
• 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 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

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