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Underwriter Financial Lines

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AXA

11d ago

  • Job
    Full-time
    Mid & Senior Level
  • Madrid

AI generated summary

  • You need underwriting experience in Financial Lines, bilingual in English and Spanish, strong negotiation skills, analytical thinking, teamwork ability, and creativity in proposing ideas.
  • You will assess risks, calculate premiums, manage client relationships, ensure timely account implementation, monitor financial exposure, and support claims settlement.

Requirements

  • Proven experience of underwriting, ideally with a proven track record of profitable underwriting in Financial Lines business
  • Good industry knowledge and awareness of factors affecting this market and new trends
  • Communicate and work in English and Spanish
  • Understands stakeholders’ needs and concerns and identifies points of agreement. Efficiently manages the interactions with other parties involved.
  • Know and use selling and negotiation techniques; adapt to the customer's situation, needs and behavior. Explores different alternatives and influence the other parties to reach an agreement with positive outcomes for all.
  • Analytical thinking, performing fact and data-based analyses of situations or issues. Make swift and efficient data-based decisions and keep the focus on goals over time.
  • Work in team with colleagues of different seniorities and expertise to achieve collective goals.
  • Appreciate and propose new and creative ideas, taking practical considerations into account.

Responsibilities

  • Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine the degree of risk for each account.
  • Calculating appropriate risk premium by considering the risk costs inherent to the sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
  • 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.
  • Controlling timely implementation of new and renewed accounts according to quality standards.
  • 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.

FAQs

What is the location of the Underwriter Financial Lines position?

The position is based in Madrid, Spain.

What qualifications are required for the Underwriter Financial Lines role?

The role requires proven experience in underwriting, ideally with a track record of profitable underwriting in Financial Lines business, as well as good industry knowledge.

Is proficiency in multiple languages necessary for this role?

Yes, candidates must be able to communicate and work in both English and Spanish.

What are the primary responsibilities of the Underwriter Financial Lines?

Responsibilities include reviewing submissions, calculating appropriate risk premiums, advising clients, managing relationships, and supporting business planning and forecasting.

Who will the Underwriter report to?

The Underwriter will report to the Underwriting Manager FL & Cyber, Iberia.

Does the company prioritize diversity and inclusion?

Yes, AXA XL is committed to equal employment opportunities and fostering an inclusive culture that values diversity.

What initiatives does AXA XL have for sustainability?

AXA XL’s sustainability strategy includes valuing nature, addressing climate change, integrating ESG considerations, and supporting charitable programs through AXA Hearts in Action.

Is this position regulated?

Yes, this role is regulated under the Central Bank of Ireland’s Fitness and Probity regime.

What kind of support does AXA XL offer for flexible working arrangements?

AXA XL provides robust support for flexible working arrangements.

Are there opportunities for career development within AXA XL?

Yes, AXA XL encourages the development, advancement, and retention of a diverse workforce, which includes opportunities for career growth.

What type of clients will the Underwriter be working with?

The Underwriter will work with a wide range of clients to provide innovative and bespoke underwriting services.

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AXA

Finance
Industry
10,001+
Employees
1816
Founded Year

Mission & Purpose

We always start with our customers. As one of the largest global insurers, our purpose is to act for human progress by protecting what matters. Protection has always been at the core of our business, helping individuals, businesses and societies to thrive. And AXA has always been a leader, an innovator, an entrepreneurial company, fostering progress in all its dimensions. Our purpose also links back to the Group's roots. From the outset, AXA has been committed to acting as a force for collective good. From solidarity-based actions with AXA Hearts In Action to work on prevention issues with the AXA Research Fund and the fight against climate change, AXA has always been attentive to its social environment and embraced its responsibility as an insurer: responsibility for taking action upstream in order to better understand risks, with one goal in mind: to ensure better protection.