Assistant Underwriter, Energy Transition
London, UK
AXA XL is looking for an Assistant Underwriter with experience in Energy / Renewables LOB’s to support the Underwriting team in writing Renewable risks as part of an overall energy transition (ET) business portfolio.
The energy transition is integral to the drive towards a more sustainable global economy. Supporting the transition is a key part of our climate and sustainability strategy at AXA XL
AXA XL’s energy transition work begins, naturally, with the energy portfolio – but this is a drive that affects the entire economy. And to help enable this transition, there are, in effect, three pillars that our energy transition activities and ambitions must straddle; products and services; distribution; and capability and learning and development.
This is a difficult area for underwriting; it will require an agile mindset, balancing a portfolio approach with the fundamentals of underwriting – whilst maintaining a keen eye on profitability.The right candidate will be able to draw upon a solid background of technical underwriting in engineering / renewables / power, or a similarly complex line of business.
AXA XL has been underwriting coverage for renewable energy projects, particularly solar, wind and hydro-electric operations, for some years now. And we are actively working with clients to provide coverage for a wide range of renewable energy technologies and operations, from windfarms to hydrogen production, to bioenergy to carbon capture underground storage (CCUS) and many others.
The ET book will be the cornerstone to helping to meet AXA XL’s net-zero underwriting goals and a key contributor to its wider energy transition journey.It will be important to be visible and approachable to brokers and clients alike.Effective verbal and written communication skills, along with collaborative behaviour will be essential to the role.
DISCOVER your opportunity
What will your essential responsibilities include?
·Assisting Underwriters in recording risk details on underwriting system; building broker relationships as required; developing knowledge of the class of business and the accounts written, retrieving data for underwriters as requested.
·Liaise with underwriters to ensure correct interpretation of data for accuracy and completeness
·Maintain underwriting documentation/files, keeping all documentation in order
·Liaise with credit control team - answering queries, tracking, and monitoring premium using core underwriting systems. Oversee premium notice of cancellation process undertaken by credit control
·Liaise with Brokers regarding premium income monitoring, late premiums, and premium cancellations. Collate responses and manage queries
·Work with underwriting support functions to respond to regulatory control and exception reports and ensure adherence to common standards across the class
·Work with underwriting team to develop requirements for statistical and analytical reports for Underwriting function
·Monitor renewal lists and action renewals as required
·Work with underwriting support functions to resolve data entry queries
·Work closely with shared services as required to ensure accurate and timely service to underwriters and clients
·Potential for experience assisting with actuarial based account modelling
·Other ad-hoc duties and projects as required
You will report to the Underwriting Manager, Energy Transition.
SHARE your talent
We’re looking for someone who has these abilities and skills:
·Proven Underwriting Assistant / Assistant Underwriting experience supporting Energy / Renewables Underwriting teams.
·Some understanding of the Energy Transition and its impact on the economy and within insurance.
·General computer competency, including experience using Microsoft Outlook, Excel, Word, PowerPoint.
·Experience on insurance data entry systems and processes
·Have a logical approach to complex data, with excellent analytical and problem-solving skills
·Ability to communicate effectively
·Proactive organization skills and exceptional attention to detail
·Ability to get stuck in and be a team player for all business needs
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 comprehensive 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.
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