Underwriter, Marine

Sydney / Brisbane, Australia

Represent Company’s brand in the market, contribute to developing the Company in the Region and preserve Company’s excellent reputation as a business partner and employer. Responsible for underwriting a profitable book of business for the Marine Class(es) of Business in Australia, including Marine Cargo and Marine Hull.

DISCOVER your opportunity

What will your essential responsibilities include?

Plan/Strategy

• Contribute to the direction of the portfolio with the aim to achieve the business plan targets and other goals.
• A particular attention will be kept on targeted loss ratios as well as providing input relevant to proactive cycle management.
• Be aware of periodic actuarial model changes, understanding where the assumptions are driven from and impact on rating for your class of business. Continuous monitoring for model consistency, escalating for further review where necessary.

Business Focus

• Proactive in marketing Company’s appetite and presence.
• Pursue new business opportunities; implement leading edge products and solutions.
• Take part in marketing initiatives with other functions and lines of business.
• Awareness to financial results and performance metrics and escalate issues as required.

Leadership and Management

• Provide training and development to the assistant pool.
• Ensure regular internal reporting on important market, client and product related developments.

Distribution

• Build strong trading relationships with all key brokers and clients.
• Regular formal and informal meetings with minutes distributed accordingly as applicable

Regulatory

• Follow relevant procedures and guidelines and ensure compliance with Group and Regional Underwriting Guidelines and appropriate local requirements as well as with other external legal and regulatory requirements

Reporting / Aggregate Management

• Business reporting according to requirements (portfolio and risk analysis, benchmarking information).
• Proactively communicate market intelligence

Guidelines

• Ascertain top quality and best practice underwriting according to Company’s standards and guidelines. In particular, ensure that:
• all risks written by the team are within the normal AXA XL underwriting criteria and maximum line allowable under the underwriting authorities (UWA);
• aggregate exposure is recorded and within limits prescribed in personal and office UWA.

Peer Review

• Take active role in the peer review process

Claims

• Prompt handover to claims team of all claims advised, supporting and providing input on settlement of claims, as required.
• Be aware of the guidelines in place and reporting protocols to follow. In the event of a Nat Cat event or large loss, assessment and reporting is performed as per up to date guideline (as maintained by actuarial team).

RI

• Identify and escalate potential need for RI.

Group and Regional Strategic Initiatives

• Assist and help as required in the Regional Strategic Initiatives

AXA XL Group policies and procedures

Adhesion to AXA XL policies and procedures as detailed in the latest available Employee Handbook and Group policies. This also includes the prompt notification to the Principal Officer and/or CFO of any change in circumstances including, but not limited to, personal financial irregularities, criminal convictions, fitness and propriety for the role.

You will report to the Head of Marine, Australia.

SHARE your talent

We’re looking for someone who has these abilities and skills:

• Extensive experience across the Marine Insurance industry preferred
• Legal & Regulatory Knowledge: Strong knowledge of multi-jurisdictional insurance coverage law and claim regulations in Asia Pacific.
• Strong Collaborator: Develop and maintain productive working relationships with insured, brokers, claim handlers, and legal counsel. Provide guidance and seek input from others as needed to achieve the best result possible.
• Strong Communicator: Proven verbal and written communication, collaboration, presentation and influencing skills. Able to communicate effectively with internal and external stakeholders across cultures.
• Results Oriented: Approach tasks proactively, prioritize. Strong analytical and sound judgment skills with the ability to take initiative and to work independently.
• Continuous Improvement Focused: Willing to ask questions and explore new ideas. Eager to learn and focused on continuously improving technical skills and AXA XL claims capabilities.
• Ability to travel as required by the business.
• Customer Service: High dedication to client, team and vendor relations evidencing professionalism and diplomacy in all situations.
• Ethical approach: Have an impeccable reputation for ethics, integrity and the highest standards of professionalism.
• Education: Bachelor’s degree or equivalent desired.

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.

Learn more at axaxl.com

Inclusion & Diversity

AXA 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 Charter

Learn 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 axaxl.com/sustainability