Marine Cargo Underwriter (Global Programmes & Multinationals)

Job Description - Marine Cargo Underwriter (Global Programmes & Multinationals)

R1D

Location: London

As an Underwriter in our established marine cargo team, you will be responsible for delivering a profitable 'Underwriting' service to your clients. Your key tasks include:

1. Underwriting business across our multiple pillars of offering: Multinational Solutions, Lloyd's, IUA and Regional/Mid-market portfolios, within the agreed business plan and individual authority.
2. Supporting the business planning and forecasting process.
3. Monitoring financial exposure within outlined limits.
4. Monitoring premium income to ensure it remains within set limits.
5. Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.
6. Ensuring adequate reinsurance acquired to cover specific risks.
7. Building and maintaining relationships with brokers and clients.
8. Supporting the design and structure of risks.

What will your essential responsibilities include?

1. Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine the degree of risk for each account.
2. Calculating appropriate risk premium by considering the risk costs inherent to the Marine Cargo sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
3. Proactively advising, assisting, servicing, and following up with clients on insurance and risk management matters to ensure satisfaction and fulfilment of their insurance requirements.
4. Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
5. Controlling timely implementation of new and renewed accounts according to quality standards.
6. In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.
7. Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
8. Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.

You will report to the Underwriting Manager, Marine Cargo.

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

• Good technical experience in Marine Cargo underwriting (specifically Multinational Solutions).
• Marine Insurance Industry Knowledge and Commercial/Business Acumen, preferably with experience of / exposure to Lloyd's & Global markets.
• Analytical, negotiation and sales/marketing skills.
• Excellent written and oral communication skills.
• Interpersonal Savvy - Demonstrated ability to build and maintain insured and broker contacts.
• Ability to develop and understand business processes, strategy and planning.
• Collaborative team player who provides creative solutions and ideas for resolution.

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.

Location: GB-GB-London

Schedule: Full-time

Job Type: Standard