Senior Underwriter
at AXA XL
Brisbane, Queensland, Australia -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 03 Jun, 2024 | Not Specified | 03 Mar, 2024 | N/A | Discretion,Interpersonal Relationships,Ethnicity,It | No | No |
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Description:
SENIOR UNDERWRITER
Brisbane, QLD - Australia
AXA XL is a market leading, global insurer and reinsurer with an innovative approach to solving complex risks, combined with industry knowledge and experience. AXA XL, the Property & Casualty risk division of AXA, focuses on global and corporate sectors worldwide, supporting local Australian clients and those with a global footprint.
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.
SHARE YOUR TALENT
We’re looking for someone who has these abilities and skills:
- Bachelor’s Degree preferred and equivalent experience in the relevant class of business.
- Perform tasks according to established procedures, with ability to exercise discretion.
- Use judgment to identify and solve day to day problems in straightforward situations.
- 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 by improving personal technical & functional knowledge.
Responsibilities:
- Reviewing complex 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 respective 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.
- In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.
- Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
- Maintain 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
REQUIREMENT SUMMARY
Min:N/AMax:5.0 year(s)
Insurance
Banking / Insurance
Insurance
Graduate
Proficient
1
Brisbane QLD, Australia