Underwriter, Property

Job Description - Underwriter, Property (13003920D20241203)

Job Number:

Underwriter, Property (13003920D20241203)

DISCOVER your opportunity

AXA XL is actively seeking a motivated, enthusiastic and globally inquisitive Underwriter to join our Property team in Singapore.

Key tasks include:

1. Underwriting business within the agreed business plan and individual authority;
2. Supporting the business planning and forecasting process;
3. Monitoring financial exposure within outlined limits;
4. Monitoring premium income to ensure it remains within set limits;
5. Maintaining awareness of all claims advised while supporting and providing input on settlement of claims;
6. Ensuring adequate reinsurance acquired to cover specific risks;
7. Building and maintaining relationships with brokers and clients;
8. Supporting the design and structure of risks.

This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.

Essential Responsibilities

1. Reviewing submissions including applications, policy wording, due diligence reports, financial models and legal documentation while conducting appropriate research and risk analysis to determine degree of risk for each transaction.
2. Calculating appropriate risk premium by considering the risk costs inherent to the relevant sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
3. Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
4. Effective marketing and relationship management to initiate opportunities for cross-selling offered products.
5. Maintaining awareness of all claims advised and supporting recovery processes.
6. Working collaboratively in a team environment, assisting underwriters, underwriting assistants and the management team.

You will report to the Underwriting Manager.

Qualifications

1. Bachelor’s Degree preferred and equivalent experience in the relevant class of business, possessing functional knowledge and skills reflective of a fully competent practitioner.
2. Perform tasks according to established procedures, with some ability to exercise discretion.
3. Marketing - Effectively plan for sales and business development.
4. Negotiation/Sales - Plan, structure and conduct negotiations with brokers and/or clients.
5. Analytical Skills - Visualize, gather information, articulate, analyze and solve complex problems.
6. Interpersonal Savvy - Build excellent interpersonal relationships with brokers, clients & colleagues.
7. Strategy and Planning - Make underwriting decisions to fulfill business strategic plan.
8. Industry Knowledge - Understanding of the insurance industry and specific product portfolios.

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 strong and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace.

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.

Location

Location: SG-SG-Singapore

Work Locations: SG Singapore 138 Market St 138 Market St #10-01 & 03-02 (Lloyd's) CapitaGreen Singapore 048946

Job Schedule

Schedule: Full-time

Job Type

Job Type: Standard

AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.