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AXA XL · 1 week ago

Underwriting Development Program- Associate Underwriter; Wholesale

New York, United States

Full-time

Onsite

New Grad, Entry Level

$67K/yr - $105K/yr

AXA XL is a leading provider of specialty risk and insurance solutions. They are seeking an Associate Underwriter to participate in a comprehensive Underwriting Development Program that will build expertise in the insurance field through hands-on experience, training, and mentorship. The role involves supporting the Underwriting team, managing accounts, and collaborating with various stakeholders to ensure effective risk analysis and policy issuance.

ConsultingCustomer ServiceFinanceInsurance

Comp. & Benefits

No H1B

Responsibilities

Pre-underwrites, evaluates risk, and assesses completeness of the underwriting package before underwriter is required to review. Communicate directly with Brokers on behalf of the Underwriters to collect account and insured information necessary for risk analysis

Perform and apply knowledge of line of business specific product underwriting rules and/or guidelines for pre-analysis support of submission in preparation of further analysis for quoting stage

Develop initial pricing, basic coverage structuring, quotation, and binder packages of the risk on behalf of the Underwriter

Collaborate effectively with Underwriters, Brokers, Reinsurers, and internal units within AXA XL to manage the status and workflow of multiple tasks and accounts

Communicate account status to ensure completion of outstanding subjectivities needed to execute policy issuance and premium collection as part of bound accounts

Develops initial pricing, basic coverage structuring, quotation, and binder packages of the risk on behalf of the underwriter. Calculate base rating and apply experience modifications as part of underwriting package completed by Underwriting Support Unit for Underwriter review

Manage the workflow of multiple tasks and maintain a detailed understanding of the status of various tasks owned by Underwriters, Brokers, Reinsurers, and AXA XL internal network

Communicate account status to ensure completion of all tasks including premium collection as part of bound accounts

Collaborate and correspond verbally and in written format with internal and external contacts across the country, keeping in mind differences in time zones, to achieve a high level of service and meet client expectations

Qualification

Risk analysisUnderwriting rules knowledgePricingCoverage structuringMathematical calculationsInterpersonal skillsPresentation skillsWritten communicationVerbal communicationCritical thinkingProblem-solvingTime managementCollaboration skills