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AXA XL · 1 week ago

Underwriter II, Equipment Breakdown

New York, United States

Full-time

Onsite

Mid Level

$85K/yr - $149K/yr

AXA XL is known for solving complex risks and is seeking an Underwriter II for Equipment Breakdown. The role involves developing tailored risk transfer solutions, procuring new business opportunities, and managing client relationships to ensure satisfaction and profitability.

ConsultingCustomer ServiceFinanceInsurance

Comp. & Benefits

Responsibilities

Develop and structure tailor-made solutions through our risk transfer products, in accordance with the Equipment Breakdown Underwriting Guidelines and relevant best practices, to enhance our customer and broker experience

Procure new business opportunities through effective marketing strategies designed around supporting our key brokers, wholesalers and regional brokers, fostering new broker relationships, and meeting with prospective clients

Evaluate appropriate risk premium by considering the risk costs, inherent to the Equipment Breakdown sector, reinsurance cessions as well as the underwriting and general administration costs to ensure profitability

Utilize effective sales and negotiating skills to bring new business and renewal transactions to a successful close

Initiate and collaborate internally with other business units to uncover and pursue cross-sell opportunities

Manage timely implementation of new and renewal accounts, including but not limited to, referrals, quotes, binders, facultative reinsurance, policies, engineering services, premium collection in accordance with company standards

Advise, assist, and service clients on insurance and risk management matters to ensure clients satisfaction and respond to client and AXA XL queries in a timely manner

Develop best practices and the sharing of underwriting knowledge within the team

Proactively foster positive relationships with renewal clients including pre-renewal and stewardship engagement to get a mutual understanding of their needs

Ability to lean and/or assist in continuous improvement project to benefit Equipment Breakdown and is some cases, the broader organization

Qualification

Equipment exposures knowledgeMechanical systems expertiseElectrical systems expertiseRating tools proficiencyReinsurance structures knowledgeAnalytical thinkingCPCU certificationARM certificationCommunication skillsNegotiation skillsTeam-oriented mindsetDetail-oriented

Required

Solid technical knowledge of equipment exposures, mechanical and electrical systems, and the application of coverage forms to a wide variety of industries

The ability to determine appropriate rating, terms, and conditions in accordance with company guidelines and delegated underwriting authority

The ability to analyze inspection reports, engineering recommendations, and maintenance programs to identify potential loss drivers and mitigation opportunities

Manage an assigned book of business for profitability, rate adequacy and retention targets

Apply sound judgement in pricing, coverage, and risk selection consistent with portfolio objectives

Proficiency in rating tools, reinsurance structures and facultative procedures

Preferred

Analytical thinking and sound judgment in balancing risk selection with business goals

Robust communication and negotiation skills with brokers and internal teams

Initiative and accountability in managing assigned underwriting authority

Team-oriented mindset with willingness to mentor junior underwriters

Detail-oriented, organized, and comfortable with deadline-driven work

Bachelor's Degree preferred, professional designations CPCU, ARM a plus

Benefits

Competitive retirement savings plan

Health and wellness programs

A wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers.