Assistant Underwriter, Specialty

Axa Xl

1 - 5 years

10 - 14 Lacs

mumbai

Posted:17 hours ago| Platform:

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Skills Required

marketing insurance risk management administration business development business planning reinsurance analytical skills research underwriting relationship management business growth communication skills

Work Mode

Work from Office

Job Type

Full Time

Job Description

What youll be DOING

What will your essential responsibilities include?

Reviewing facultative submissions related to Specialty LOB namely Fine Arts, Specie, Terrorism & Political Violence, Event Cancellation from various aspects including but not limited to associated exposure, coverage, policy wording & clauses, terms & conditions, risk management, loss trends, and financial metrics, all the while conducting appropriate research to determine what is in best interest of AXA XL.
Ascertaining appropriate risk premium by considering the risk costs & exposures inherent to the respective line of business and client profile, as well as the Underwriting and general administration costs while ensuring profitability.
Proactively having regular dialogue with brokers cedants to spot for potential opportunities, carrying out negotiations, advising AXA XL position as per underwriting appetite and contribute towards building a sustainable Specialty LOB underwriting book, prepare and manage documentation as per internal guidelines, following up and servicing clients on reinsurance and risk management matters to ensure satisfaction and fulfillment of their reinsurance requirements.
Effective relationship management to tap new opportunities and simultaneously ensuring account retention.
Good understanding of industry, market needs and best practices which helps in showcasing the technical proficiency of the company and contributes towards positioning AXA XL as reliable & reputable go to market.
Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income and portfolio health to ensure it remains aligned with companys objectives
Maintain awareness of all claims advised while supporting and providing inputs, wherever needed
Working collaboratively in a team environment assisting underwriters Specialty LOB, underwriting assistants, Actuarial, Risk engineering, Operations, claims and management team.
Ensure all underwriting activities/ decisions comply with internal guidelines, industry standards, and regulatory requirements.

You will report to the Underwriting Manager.

What you will BRING

Were looking for someone who has these abilities and skills:

Bachelors Degree preferred and equivalent experience in the relevant class of business is essential. Any other relevant professional qualification will be an added advantage.
Possess an considerable level of functional & technical knowledge and skills in Specialty underwriting namely Fine Arts, Specie, Terrorism & Political Violence, Event Cancellation. Knowledge of Marine & Aviation would be added advantage.
Ability to work independently.
Ability to respond to a changing environment with flexibility and innovation.
Marketing - Effectively plan for business development. Integrating the use of various techniques, tools, and information to support profitable business growth over a defined period.
Negotiation & communication - Plan, structure and conduct negotiations with brokers and/or cedants and effectively back them with excellent communication skills to reach outcomes that gain the support and acceptance of all parties.
Analytical Skills Visualize, gather information, articulate, analyze and solve complex problems in order to make key business decisions.
Interpersonal Savvy Build excellent interpersonal relationships with brokers, cedants & colleagues with the intention of improving personal profile and reputation within AXA XL and at broader market level.
Industry Knowledge - Understanding of the insurance industry and trends which have potential to positively negatively impact the Line of business

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