Senior Underwriter

New York, NY I USAJoin us at AXA XL’s Global Risk management group for an exciting and newly created opportunity in our Group Captives business unit. As a Senior Underwriter, you will be a key member of our group captive team.  This role is for someone with vast experience in all aspects of group captives. You will be an individual contributor in a new a growing area of Primary Casualty. 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; 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.DISCOVER your opportunity In Global Risk Management in North America, one of our goals is to establish and provide the best-in-class Group Captive Programs in the marketplace. While we have already begun to make headway in this strategic space, Global Risk Management plans to elevate our profile and to achieve this by writing qualified programs through a collaborative team of competent individuals with great underwriting expertise. Our focus is on the customer, profitability, and long-term viability.Our Group Captive unit is significantly   growing our portfolio of business. We seek a highly seasoned underwriting professional to help our team refine and execute the Group Captives business strategy to achieve all established production, loss ratio, rate, account retention and ROE goals.What will your essential responsibilities include?·        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.·        Develop, underwrite, manage and service a portfolio of Group Captive programs.·        Responsible for building the AXA XL reputation in North America within the Group Captive industry ·        Exercise discretion and independent judgement in the analysis and evaluation of risk.·        Participate in roundtable discussions on risk assessment and provide mentorship and leadership to peers.·        Negotiate with captive intermediaries and producers within the limits of delegated authority and in accordance with established underwriting standards to achieve profit objectives.·        Build and enhance relationships with captive intermediaries, producers and clients and identify and establish new distribution relationships.·        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 development of new product opportunities.  Effectively cross-market with other AXA XL lines; meet with captive intermediaries, producers and insureds as required.  Cultivate key intermediary relationships within the market and 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.·        Attend mandatory Group Captive board meetings as planned (two per year per captive)You will report to the Underwriting Manager.SHARE your talentWe’re looking for someone who has these abilities and skills:·         Extensive years of experience in the relevant class of business.·         Bachelor’s degree (or equivalent).·         Possess a high and extensive degree of technical knowledge and skills including product and industry.·         Able to apply business understanding and/or management experience to set direction within the segment or function.·         Possess effective analytical and problem-solving skills, as well as robust sales and marketing abilities.·         Advanced organizational, time-management and multi-tasking skills, combined with an outstanding work ethic.·         Ability to develop and understand business processes, strategy, and planning.·         Knowledge of functionality of systems.·         Ability to work independently.·         Ability to respond to a changing environment with flexibility and innovation.·         Advanced customer service and negotiation skills, and a proven track record in developing effective business relationships with brokers and insureds.·         Ability to lead in accordance with AXA XL Core Values and Culture.FIND your futureAXA 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.Learn more at axaxl.comInclusion & DiversityAXA 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. At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe Robust support for Flexible Working Arrangements Enhanced family friendly leave benefits Named to the Diversity Best Practices Index Signatory to the UK Women in Finance CharterLearn more at axaxl.com/about-us/inclusion-and-diversity.  AXA XL is an Equal Opportunity Employer.Sustainability At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience,” focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations. Our Pillars:Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.AXA Hearts in Action:  We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.For more information, please see Sustainability at AXA XL.The pay range for this position is $124,500– $ 186,500. Actual pay will be determined based upon the individual’s skills, experience and location. We strive for market alignment and internal equity with our colleagues’ pay.Job SummaryJob number: 11007750D20230619Date posted : 2023-06-23Profession: Property & Casualty InsuranceEmployment type: STANDARD