Senior Underwriter - Inland Marine

Senior Underwriter- Inland Marine

Chicago, IL | New York, NY I Boston, MA | USA

As a Senior Underwriter, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. Your key tasks include: underwriting business within the agreed business plan and individual authority;supporting the business planning and forecasting process; monitoring financial exposurewithin 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.

DISCOVER your opportunity

What will your essential responsibilities include?

• Reviewing submissions including, specifications, 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 … sector, loss experience, 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.
• Controlling timely implementation of new and renewed accounts according to quality standards.
• In coordination with other internal teams, determining appropriate reinsurance for risk placements on an excess of loss basis.
• Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
• 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.
• Work with other business units on cross sell opportunities

You will report to Head of Inland Marine.

SHARE your talent

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

Required Skills and Abilities:

• Bachelor’s Degree (or equivalent)
• The successful candidate will have some experience in Marine Insurance.

Desired Skills and Abilities:

• Under technical direction, works within significant limits on assignments of higher technical complexity and coordination.
• Possesses demonstrated technical knowledge and skills, including product and industry, reflective of successful progression through various job family levels.
• Advanced analytical, negotiation and sales/marketing skills.
• Excellent written and oral communication skills.
• Interpersonal Savvy - Demonstrated ability to build and maintain outstanding 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

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.

Inclusion & Diversity