Senior Underwriter, Financial Lines

Salary: 100.00 -  125.00
Posted: 28-02-2025
Category: Banking Lending
City of Brisbane, 

Job Description

Job Description - Senior Underwriter, Financial Lines (11005326D20241223) DISCOVER your opportunity Responsible for working within authority limits on assignments reflecting the expert degree of technical complexity and coordination under broad management direction. 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; 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. Essential Responsibilities Underwrite, manage and service a renewal book and produce new business in accordance with 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. 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. 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. You will report to the Head of International Financial Lines - Australia. Required Skills and Qualifications Bachelor’s degree preferred and a minimum five years underwriting experience in the relevant classes of business. Possess a high and extensive level of technical knowledge and skills including product & industry. Ability to work independently. Ability to respond to a changing environment with flexibility and innovation. Effectively plan for sales and business development, integrating the use of various techniques, tools, and information to support profitable business growth over a defined period. Plan, structure and conduct negotiations with brokers and/or clients to reach outcomes that gain the support and acceptance of all parties. Build excellent interpersonal relationships with brokers, clients & colleagues to improve personal profile and reputation within AXA XL and the broader market. Understanding of the insurance industry and specific product portfolios to positively impact the underwriting business. Make underwriting decisions to fulfill the business strategic plan and deliver results, with knowledge of the financial targets and levers to deliver on departmental business plan. Visualize, gather information, articulate, analyze and solve complex problems in order to make key business decisions. 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 strong 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 Inclusion & Diversity We know that a diverse workforce and inclusive culture enable business growth and are critical to our success. That’s why we have made a strategic commitment to attracting and retaining the most diverse workforce possible, while creating a strong, inclusive culture where everyone is welcome and can contribute and reach their highest potential. AXA XL is an Equal Opportunity Employer. Location AU-QLD-Brisbane Work Locations AU QLD Brisbane Central Plaza Two 66 Eagle Street Level 17 / Suite 17.03 Brisbane 4000 Schedule Full-time Job Type Standard #J-18808-Ljbffr

Job Details

Salary: 100.00 -  125.00
Posted: 28-02-2025
Category: Banking Lending
City of Brisbane, 

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