Underwriter Casualty
Underwriter Casualty
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Job Description
Casualty Underwriter
Melbourne VIC
This is a regulated role under the Central Bank of Irelands Fitness and Probity regime.
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 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 underwriting authority within the context of Company Rules and Guidelines;supporting the business planning and forecasting process by ensuring all data inputs are entered accurately first time and kept updated; monitoring cumulative financial exposure within outlined limits (limit management); maintaining awareness of all claims advised while supporting and providing input on settlement of claims; developing relationships with your allocated brokers and existing and/or new clients; understanding the Company rules and standards pertaining to facultative and treaty reinsurance including highlevel knowledge of Casualty treaty exclusions; supporting the design and structure of both standard and bespoke risk solutions in accordance with Company rules and guidelines within individual underwriting authority.
DISCOVERyour opportunity
What will youressential responsibilities include
- Reviewing renewal and new business submissions including interpretation of questionnaires policy wordings inspection reports loss runs and financial reports whilst conducting appropriate independent and collaborative research to determine the appropriate degree of risk for each account.
- Calculating appropriate risk premiums using recognized Company rating tools considering the risk costs inherent to the relevant sector as well as the Underwriting and general administration costs loadings to achieve profitability on every account.
- Proactively advising assisting servicing and following up with brokers on insurance and risk management matters to ensure onschedule fulfillment of their clients insurance requirements.
- Effective relationship management to initiate opportunities via identification analysis and progression of Casualty products (either crosssell or standalone Casualty) and ensuring account retention of allocated Casualty accounts within the Melbourne portfolio.
- Underwriting timely implementation of new and renewal accounts in accordance with personal authority and all Company protocols and standards.
- Maintaining awareness of all claims advised while supporting and providing input to both Casualty Underwriting Manager and Claims team on the settlement of claims.
- Working collaboratively and adaptively in a team environment; assisting underwriters underwriting assistants and management as needed and directed by Casualty Underwriting Manager.
- Consultation with Distribution team where required by and following consultation with Casualty Underwriting Manager.
- Required proficiency to be learned and executed at all times in all critical underwriting tools including raters workflow tools booking systems policy wordings internal training Rules and Guidelines.
You will report to the Casualty Underwriting Manager Melbourne.
SHARE your talent
Were looking for someone who has these abilities and skills:
- Bachelors Degree preferred and equivalent experience in the relevant class of business possessing functional knowledge and skills reflective of a fully competent and selfmotivated practitioner working collaboratively within a closeknit team environment.
- Perform tasks according to established procedures with some ability to exercise discretion and initiative within the Company underwriting rules and guidelines in full and timely consultation with Casualty Underwriting Manager instructions and directives at all times.
- Marketing Effectively plan for sales and business development by integrating the use of Company 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 in a professional and collaborative manner to reach outcomes that gain the support and acceptance of all parties and protect the Company reputation and brand within both informal and formal external and internal interactions.
- Analytical Skills Visualize gather information articulate analyze and solve complex problems in order to create workable business decision proposals.
- Interpersonal Savvy Build excellent interpersonal relationships with brokers clients and 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 Casualty products to positively impact the underwriting business.
FIND your future
AXA XL the P&C and specialty risk division of AXA is known for solving complex risks. For midsized companies multinationals and even some inspirational individuals we dont just provide re/insurance we reinvent it.
How By combining a comprehensive and efficient capital platform datadriven 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 ataxaxl
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. Thats 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.Its 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 ataxaxl/aboutus/inclusionanddiversity.AXA XL is an Equal Opportunity Employer.
Sustainability
At AXA XL Sustainability is integral to our business strategy. In an everchanging 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 202326 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. Were 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. Were building a net zero strategy developing insurance products and services and mobilizing to advance thought leadership and investment in societalled 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. Were 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 XLs 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/sustainability
Employment Type
Full-Time
