Underwriting Assistant - Excess Casualty

Underwriting Assistant – Excess Casualty

Hamilton Bermuda

We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients’ potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters.

DISCOVER your opportunity

As an Underwriting Assistant, you will play a critical role within the team directly supporting the Underwriters. You will perform underwriting support activities associated with information gathering and rating for new business, renewals, and midterm changes. You will also prepare electronic files on behalf of the Underwriter regarding basic deal structuring, risk analysis, and quoting related to underwriting transactions (renewals, non-premium bearing midterm changes, etc.). You will utilize your outstanding communication and relationship building skills as you work closely with colleagues across regional offices and interact directly with various business partners, including but not limited to, brokers, clients, finance, legal, claims, and others in our AXA XL global network.

What will your essential responsibilities include?

· Administration of assigned accounts throughout the lifecycle.

· Collecting account and insured information for risk analysis by communicating directly with Brokers on behalf of the Underwriters.

· Liaising with Underwriters, Brokers and Reinsurers on behalf of the Underwriting Support Unit as needed to communicate account status and complete outstanding subjectivities.

· Liaising with Underwriters to confirm policy issuance instructions for proprietary and manuscript policies, endorsements, forms, notices, etc. and effectively communicate to the Coding and Issuance Unit.

· Performing pre-analysis support for new submissions, renewals, endorsements, and other incoming documents based upon predefined underwriting rules and/or guidelines.

· Analyzing informational reports to glean anecdotal information for underwriting as part of the underwriting package (e.g., summarize loss runs, financials of proposed insured).

· Ensuring completeness of contents of underwriting package prior to handover to the Underwriter for risk analysis/risk selection process.

· Analyzing the needs of the client and translating appropriately into the final specifications that serves as a basis for the policy.

· Effectively dealing with accounts having a variety of intricate parts to ensure policies are complete and all aspects of the broker communication is seamless.

· Completing quality control on the rating output to ensure accuracy of work (e.g. exposure bases, limits, coverage extensions, modifications, etc.).

· Rating premium changes for premium bearing midterm change requests.

· Assisting with Account Receivable collections when required.

· Maintaining an electronic file for accounts as required for Sarbanes Oxley and Internal Audit Guidelines.

· Ensuring timely, accurate completion of all assigned tasks.

· Accurately compiling supporting account detail in electronic format using PDF conversion tools.

· Generating Broker and Reinsurer correspondence in electronic format (i.e., e-mail, eFax) related to transaction processing and informational follow up requests using free-form letters, predefined or approved templates.

· Collaborating and corresponding verbally and in writing with Underwriting Support Unit team members and others in Operational Support Units as needed to perform tasks.

You will report the Assistant Operations Manager.

SHARE your talent

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

· Minimal insurance experience.

· Outstanding interpersonal skills and ability to establish and maintain effective working relations with internal and external colleagues.

· Outstanding analytical and organizational skills.

· Client service experience and focus.

· Excellent written and oral communication skills.

· Outstanding competency in MS Office applications: MS Outlook, MS Word and Excel required.

· Basic competency in PDF conversion tool.

· Proven organizational and problem-solving skills.

· Proven prioritization and time management skills with accurate results.

· College degree or experience/education equivalent.

· Knowledge of commercial liability principles and practices preferred, but not required.

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.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Learn more at axaxl.com

Inclusion & Diversity

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. 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.

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 Sustainability at AXA XL.