Senior Underwriter, Engineering & Construction Reinsurance

Overview

As a Senior Reinsurance Underwriter for Engineering, you will, under direction of the Manager and in accordance with established procedures and underwriting authority : underwrite and maintain / service profitable new and renewal business exercising self-supported judgment based on comprehensive analysis of reinsurance submissions including terms, conditions and coverage intent; increase our visibility and market share in the Engineering arena via targeted marketing activities; be dedicated to maximizing the efficiency of the group and providing quality service to internal and external customers.

Responsibilities

• Underwrite terms and conditions of new and renewal engineering accounts by collecting, reviewing, and analyzing account information in line with risk appetite and technical assessment standards.
• Gain proficiency with internal pricing and modeling tools to establish appropriate pricing options for accounts across various structures within the engineering line of business.
• Negotiate competently with brokers and clients, providing constructive feedback and offering alternative risk solutions as needed.
• Make presentations to senior management on larger or exceptional accounts, clearly articulating and supporting underwriting rationale and recommendations.
• Execute strategic underwriting plans aligned with premium, profitability, and service excellence objectives for the engineering portfolio.
• Effectively communicate with Underwriting, Actuarial, Legal, Accounting, and Underwriting Service Departments on issues such as pricing, contract wording, premium and loss bookings, and claims to ensure account profitability and compliance with corporate guidelines.
• Develop, maintain, and service a profitable engineering reinsurance book of business; participate in customer account renewal meetings, underwriting audits, and provide top-quality customer service to brokers and cedants.
• Analyze and assess facultative and facility engineering business submissions, including technical risk assessment, policy wording review, and negotiation with clients.
• Self-Supported analyze engineering treaty submissions, understand structures and exposures, formulate quotations and pricing, prepare underwriting approval documents, and ensure timely processing of slips and wordings.

Business Development

Collaboration

Risk Analysis & Reporting

You will report directly to the Head of Property Facultative Reinsurance.

What we offer

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

What you’ll bring

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.

Learn more at Inclusion & Diversity at AXA XL | AXA XL. 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. 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

The U.S. base salary range for this position is USD 106,200 - 186,500. Actual pay will be determined based upon the individual’s skills, experience and location. We strive for market alignment and internal equity with our colleagues’ pay.

For more information, please see Sustainability at AXA XL.

The rest of the page includes standard job postings and unrelated postings which have been omitted to maintain focus on this role.

Note

Seniority level : Not Applicable | Employment type : Full-time | Job function : Finance and Sales | Industries : Insurance

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