Underwriter
4 weeks ago
**Flexible Work Eligible**: None
**DISCOVER your opportunity**
**Underwriter, Marine**
Melbourne, Australia
Represent Company’s brand in the market, contribute to developing the Company in the Region and preserve Company’s excellent reputation as a business partner and employer. Responsible for underwriting a profitable book of business for the Marine Class(es) of Business in Australia, including Marine Cargo and Marine Hull.
**DISCOVER** **your opportunity**
What will your essential responsibilities include?
- Plan/Strategy
- Contribute to the direction of the portfolio with the aim to achieve the business plan targets and other goals.
- A particular attention will be kept on targeted loss ratios as well as providing input relevant to proactive cycle management.
- Be aware of periodic actuarial model changes, understanding where the assumptions are driven from and impact on rating for your class of business. Continuous monitoring for model consistency, escalating for further review where necessary.
Business Focus
- Proactive in marketing Company’s appetite and presence.
- Pursue new business opportunities; implement leading edge products and solutions.
- Take part in marketing initiatives with other functions and lines of business.
- Awareness to financial results and performance metrics and escalate issues as required.
Leadership and Management
- Provide training and development to the assistant pool.
- Ensure regular internal reporting on important market, client and product related developments.
Distribution
- Build strong trading relationships with all key brokers and clients.
- Regular formal and informal meetings with minutes distributed accordingly as applicable
Regulatory
- Follow relevant procedures and guidelines and ensure compliance with Group and Regional Underwriting Guidelines and appropriate local requirements as well as with other external legal and regulatory requirements.
Reporting / Aggregate Management
- Business reporting according to requirements (portfolio and risk analysis, benchmarking information).
- Proactively communicate market intelligence
Guidelines
- Ascertain top quality and best practice underwriting according to Company’s standards and guidelines. In particular, ensure that:
- all risks written by the team are within the normal AXA XL underwriting criteria and maximum line allowable under the underwriting authorities (UWA);
- aggregate exposure is recorded and within limits prescribed in personal and office UWA.
Peer Review
- Take active role in the peer review process
Claims
- Prompt handover to claims team of all claims advised, supporting and providing input on settlement of claims, as required.
- Be aware of the guidelines in place and reporting protocols to follow. In the event of a Nat Cat event or large loss, assessment and reporting is performed as per up to date guideline (as maintained by actuarial team).
RI
- Identify and escalate potential need for RI.
Group and Regional Strategic Initiatives
- Assist and help as required in the Regional Strategic Initiatives
AXA XL Group policies and procedures
- Adhesion to AXA XL policies and procedures as detailed in the latest available Employee Handbook and Group policies. This also includes the prompt notification to the Principal Officer and/or CFO of any change in circumstances including, but not limited to, personal financial irregularities, criminal convictions, fitness and propriety for the role.
You will report to the Head of Marine, Australia.
**SHARE your talent**
**SHARE your talent**
We’re looking for someone who has these abilities and skills:
- Underwriting: Minimum 10 years + portfolio management
- Legal & Regulatory Knowledge: Strong knowledge of multi-jurisdictional insurance coverage law and claim regulations in Asia Pacific.
- Strong Collaborator: Develop and maintain productive working relationships with insured, brokers, claim handlers, and legal counsel. Provide guidance and seek input from others as needed to achieve the best result possible.
- Strong Communicator: Proven verbal and written communication, collaboration, presentation and influencing skills. Able to communicate effectively with internal and external stakeholders across cultures.
- Results Oriented: Approach tasks proactively, prioritize. Strong analytical and sound judgment skills with the ability to take initiative and to work independently.
- Continuous Improvement Focused: Willing to ask questions and explore new ideas. Eager to learn and focused on continuously improving technical skills and AXA XL claims capabilities.
- Ability to travel as required by the business.
- Customer Service: High dedication to client, team and vendor relations evidencing professionalism and diplomacy in all situations.
- Ethical approach: Have an impeccable reputation for ethics, integrity and the highest standards of professionalism.
- Education: Bachelor’s degree or equivalent desired.
**FIND your future**
AXA XL
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