Senior Underwriter – Downstream Energy
London, UK
AXA XL’s Downstream portfolio seen as a strategic enabler of the wider Energy book – continuing to be a key component of our energy strategy as we work with client across all facets of the Energy industry.
This opportunity is targeted towards a Senior Underwriter with depth of industry knowledge to ensure objectives of growth and performance are aligned to the wider energy portfolio; executing on client and industry strategy as a long-term risk partner.
This position is typically an individual contributor and your key responsibilities will involve underwriting business in line with the business plan; assisting the planning and forecasting process; monitoring aggregate exposure within agreed limits; monitoring premium income to ensure it remains within agreed limits; ensuring all risks written, are within the agreed maximum; maintaining awareness of all claims advised; supporting and providing input on settlement of claims advised; building and maintaining relationships with brokers and clients; supporting the design and structure of risks; identifying and driving new product development opportunities.
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
What you’ll be doing
What will your essential responsibilities include?
- Underwrite, manage and service a renewal book and produce new business in accordance with Energy business unit goals. Develop and manage underwriting strategies for both renewals and targets within your portfolio of accounts, including knowledge of the current penetration by product, cross marketing penetration and specific plans to increase company share.
- Exercise discretion and independent judgment in the analysis and evaluation of risk.
- Participate in roundtable discussions on risk assessment and provide mentorship and leadership to peers.
- Negotiate with producers within the limits of delegated authority and in accordance with established underwriting standards to achieve profit objectives.
- Build and enhance relationships with brokers and clients and identify and establish new distribution relationships.
- Maintain expertise with the products, services, priorities and target markets to more effectively enable clients to uncover hidden risks.
- Promote the company’s expertise by participating in industry conferences and events while regularly conducting and taking leadership roles in client and broker meetings to educate on risk.
- Maintain compliance with all internal and external underwriting guidelines and legal requirements.
- Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
- Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
- Identify and drive new product development opportunities. Effectively cross-market with other AXA XL lines; meet with brokers and insureds as required. Cultivate key broker relationships in the region to maintain a steady stream of business within our underwriting appetite.
- Under broad management direction, work at the highest authority limits on assignments reflecting the expert degree of technical complexity and coordination.
- Possess an expert level of technical
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