Underwriter, Political Risk, Credit & Bond
Singapore
Delivering a profitable Underwriting service to your clients. Key tasks include: underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; ensuring adequate reinsurance acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.
This is a regulated role under the Central Bank of Irelands Fitness and Probity regime.
DISCOVER your opportunity
What will your essential responsibilities include?
\xc2\xb7 Reviewing complex submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
\xc2\xb7 Determining and negotiating appropriate risk premium by considering the risk costs inherent to the respective sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
\xc2\xb7 Make informed underwriting decisions based on sound risk analysis and due diligence, negotiating policy terms and closing transactions that fall within target risk appetite.
\xc2\xb7 Build and manage effective relationships with customers and brokers across the Asia region, maintaining regular contact and providing high levels of customer service to develop new business opportunities.
\xc2\xb7 Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
\xc2\xb7 Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
\xc2\xb7 Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
\xc2\xb7 Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
\xc2\xb7 Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.
You will report to the Underwriting Manager.
Qualifications
SHARE your talent
Were looking for someone who has these abilities and skills:
\xc2\xb7 Bachelors Degree preferred and equivalent experience in the relevant class of business.
\xc2\xb7 Perform tasks according to established procedures, with ability to exercise discretion.
\xc2\xb7 Use judgment to identify and solve day to day problems in straightforward situations.
\xc2\xb7 Marketing - Effectively plan for sales and business development. Integrating the use of various techniques, tools, and information to support profitable business growth over a defined period.
\xc2\xb7 Negotiation/Sales - Plan, structure and conduct negotiations with brokers and/or clients to reach outcomes that gain the support and acceptance of all parties.
\xc2\xb7 Analytical Skills - Visualize, gather information, articulate, analyze and solve complex problems in order to make key business decisions.
\xc2\xb7 Interpersonal Savvy - Build excellent interpersonal relationships with brokers, clients & colleagues with the intention of improving personal profile and reputation within AXA XL and the broader market.
\xc2\xb7 Strategy and Planning - Make underwriting decisions to fulfill business strategic plan and deliver results. Has knowledge of financial targets and levers in order to deliver on departmental business plan.
\xc2\xb7 Industry Knowledge - Understanding of the insurance industry and specific product portfolios to positively impact the underwriting business by improving personal technical & functional knowledge.
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 dont 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 \xe2\x88\x92 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
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. Thats 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. Its about helping one another and our business to move forward and succeed.
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