Underwriting Manager - Wholesale Excess
Publication date:
21 November 2024Workload:
100%Contract type:
Permanent position- Place of work:CHICAGO
Underwriter Manager – Wholesale Excess
Chicago, IL I Scottsdale City, AZ I Exton, PA I USA
The Underwriter Manager plays an important part in helping AXA XL Wholesale division the North Central Region achieve its underwriting objectives and deliver the service and support that supports the positive image of the AXA XL brand. Therefore, the role requires a significant amount of interaction with a team of Underwriters, Clients, Brokers and internal stakeholders. As the Manager of the region North Central Underwriting Team the role will be focused on managing a sizable renewal portfolio while securing new business opportunities by providing leading edge solutions for client needs.
DISCOVER your opportunity
What will your essential responsibilities include?
- Developing and managing a team of underwriters to win new business and retain existing customers
- Oversee referrals and the health of the portfolio by monitoring losses, retention and pipeline management
- Evaluating appropriate risk premium based on rules and guidelines and appetite to ensure a diverse portfolio that strive to deliver profitability. by considering the risk costs inherent to the Property Sector, reinsurance cessions as well as the underwriting and general administration costs to ensure profitability
- Initiate opportunities for cross-selling working alongside peer products and other AXA products with a client first mindset
- Control timely implementation of New and Renewal accounts according to quality standards (including policy- audits and invoice issuance)
- Monitor premium collection according to standards and take actions
- Help support and develop new product expansion as needed working alongside their peer leaders and Head of Wholesale Excess
- 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
- Ensure timely implementation of Policy endorsements and ensure proper hand-over for implementation
- The underwriting manager will have responsibility for the development of skills, knowledge and competencies of less experienced colleagues
- Travel Requirements would be estimated to be 15-200 – 15%. Travel typically will be within the Region
You will report directly to the Head of Zonal Property Manager Wholesale Excess.
SHARE your talent
The ideal candidate would have the following abilities and skills:
- Extensive Underwriting and / or equivalent Broker experience with thorough knowledge of underwriting, rating methodologies, forms and business processes.
- Previous underwriting management experience is preferred, but not required.
- Must have a good understanding of the Wholesale Excess Market global and domestic property underwriting. Large account experience and HPR background is a plus.
- Underwriting or loss control experience within the property, marine, construction disciplines
- Experience with Aon, Marsh, Willis, Lockton, AJ Gallagher within the North Central region Wholesale Broker Networks
- Bachelor’s Degree preferred; professional designations CPCU, ARM a plus.
- Excellent analytical skills
- Excellent communication skills
- Excellent marketing, presentation and negotiation skills
- Ability to develop and maintain relationships with customers, producers and trading partners and inspire the UW community
- Solid personal direction and time management skills.
- Excellent decision-making skills
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 Sustainability at AXA XL.
The U.S. pay range for this position is USD$170,000 - $200,000. 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.
At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details about AXA XL’s benefits offerings, please visit US Benefits at a Glance 2024.