Job Description
Senior Underwriter Political Risks & Credit Bonds
Madrid, Espana
Our Underwriting PRCB team is looking for an experienced underwriter join this successful team and support the expansion of the business.
As a Senior Underwriter for AXA XL’s Political Risk, Credit & Bond team you will be responsible for delivering a profitable ‘Underwriting’ service to your clients.Your 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; building and maintaining relationships with brokers and clients; supporting the design and structure of risk.
You will work as part of an experienced, global underwriting team to originate and underwrite political and credit risks across Europe region. You will be part of one of AXA XL’s key Specialty Lines insurance businesses and a member of a market leading team recognized globally for its excellence in the industry.
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
What you’ll be DOING
What will your essential responsibilities include?
- Exercise discretion and independent judgment in the analysis and evaluation of risk by reference to business strategy and risk appetite.
- Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.
- Analyze performance of portfolio as well as individual account performance and develop appropriate action to drive profitable growth based upon the analysis.
- Maintain compliance with all internal and external underwriting guidelines and legal requirements
- Understand the strategy and targets of AXA XL including financial measures.
- Plan, develop and integrate distribuion & marketing plans to achieve top and bottom line objectives.
- Develop and maintain long-term business relationships with key groups and individuals within the London market.
- Promote the company's expertise by participating in industry conferences and events while regularly conducting and taking leadership roles in client and broker meetings.
- Negotiate with brokers to win targeted business at the right price, while declining business that is not in line with strategy or pricing.
- Operate at all times within defined authority level and in line with AXA XL’s underwriting policies, rules and guidelines, and referral requirements.
- Develop and drive customer service performance to established standards.
- Deliver service excellence through effective collaboration including contribution to the recording and maintenance of high quality data in underwriting systems.
- Support the business planning and forecasting process.
- Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
- Possess an expert level of technical knowledge and skills including product and industry.
You will report to Underwriting Manager – Political Risk, Credit & Bond, Iberia based in Madrid.
What you will BRING
We’re looking for someone who has these abilities and skills:
- Relevant experience in the banking or insurance sector (or other financial institution) with a focus on credit and/or political risk analysis.
- Proven experience in PRCB Underwriting activities and best practice will be highly considered. Specific expertise in trade and export finance, project finance or structured credit are also preferred.
- Credit analytical skills with a deep interest in global economic and political affairs.
- Ability to respond to changing market conditions and have initiative to capture business opportunities as they arise, and to construct innovative solutions for customers.
- Business developing skills, enjoying being out in the market, with highly developed influencing and negotiation skills and a keen appetite for closing the deal;
- Proficiency in English and Spanish is required, other languages are a plus.
- Work in team with colleagues of different seniority and expertise to achieve collective goals.
- Proven organizational, time-management skills ; Ability to respond to a changing environment with flexibility and 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 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