Underwriter, Political Risk, Credit & Bond

Job Description

Job Description - Underwriter, Political Risk, Credit & Bond (25AEES01D20250128) Job Number: 25AEES01D20250128 Location: Sydney, NSW This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime. Delivering a profitable ‘Underwriting’ service to your clients. Key tasks include: Underwriting business within the agreed business plan and individual authority. Supporting the business planning and forecasting process. Monitoring financial exposure within 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. What will your essential responsibilities include? Reviewing complex submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account. Determining and negotiating appropriate risk premium by considering the risk costs inherent to the respective sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability. Making informed underwriting decisions based on sound risk analysis and due diligence, negotiating policy terms and closing transactions that fall within target risk appetite. Building and managing effective relationships with customers and brokers across the Australia and Asia regions, maintaining regular contact and providing high levels of customer service to develop new business opportunities. 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. Supporting the business planning and forecasting process; monitoring financial exposure within 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. Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team. This role reports to the Senior Underwriter - Political Risk, Credit & Bond. We’re looking for someone who has these abilities and skills: Bachelor’s Degree preferred and equivalent experience in the relevant class of business; ideally some knowledge of trade finance and structured banking products. Ability to read and analyze financial statements (balance sheet, profit and loss and cashflow statements). Use judgment to identify and solve day to day problems in straightforward situations. Marketing - Effectively plan for sales and business development. Negotiation/Sales - Plan, structure and conduct negotiations with brokers and/or clients. Analytical Skills – Visualize, gather information, articulate, analyze and solve complex problems. Interpersonal Savvy – Build excellent interpersonal relationships with brokers, clients & colleagues. Strategy and Planning - Make underwriting decisions to fulfill business strategic plan and deliver results. Industry Knowledge - Understanding of the insurance industry and specific product portfolios. AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. Location: AU-NSW-Sydney Work Locations: AU NSW Sydney 123 Pitt Street, Angel Place Level 28 Sydney 2000 Schedule: Full-time Job Type: Standard AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law. #J-18808-Ljbffr