Underwriting Assistant Vacancy In Xl Catlin

Hiring Organization / Company: Xl Catlin
Basic Salary: To Be Discussed
Employement Type: Full-Time



Job Details:

Flexible Work Eligible: Flexible Work Schedule, None
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Since 2003, AXA XL has been underwriting Fine Art and Specie risks. Our established underwriting team consists of experienced underwriters with a strong understanding of the various markets they serve. Through our underwriting platform, we offer products that are designed to meet the specialized needs of our clients:

Museums
Armored Cars
Collectors
ATM’s
Gallery/Dealer
ERISA Bonds
Musical Instruments
Check Cashiers
Exhibitions
Jewelers Block

As an Underwriting Assistant (UA), a significant proportion of your responsibilities will be full underwriting support. As owner and principal facilitator of assigned accounts, the Underwriting Assistant will perform activities throughout the lifecycle of renewal and assist on prospect accounts from submission to expiration. These activities will be performed with guidance from the Underwriter. May make account decisions and/or resolve endorsements within assigned underwriting authority. You will have the opportunity to expand and grow your capabilities within Middle Office Operations and the Underwriting team.

What will your essential responsibilities include?

  • Actively learning about the market, underwriting and business plans, reinsurance, profit drivers.
  • Getting to know the key players in the market - both underwriters and brokers.
  • Actively learning about other products and departments.
  • Progressing through professional qualifications.
  • Gathering underwriting information on behalf of the underwriter and completing the underwriting quote and binder documents, ensuring timeliness and accuracy levels are met.
  • Upon demonstration of core competencies as a UA, the UA may be authorized to accept renewal risks with some financial and limit restrictions within agreed underwriting authority limits.
  • Where applicable, complete rating, experience modifications and policy issuance for automatic renewals, within assigned underwriting authority in a timely manner
  • Perform quote renewal preparation for underwriting review. May include review of the renewal file to ensure renewal information is current, may be asked to draft rating and make pricing recommendation for pre-analysis support.
  • Conducting routine data analysis and manipulation using spreadsheets and databases.
  • Assisting in compiling data into reports.
  • Interacting with and supporting underwriters on day-to-day business issues.
  • Help manage the day-to-day risk workflow: maintenance of electronic underwriting files through DIVA. Monitoring activities through Artist, the frontend system used for quoting, binding and policy issuance.
  • Corresponding through DIVA / Outlook / Artist to our onshore and offshore teams for policy, schedules, endorsements, and invoice issuance; and data entry through Genius, in a timely and accurate manner.
  • Assist in the implementation of all ERINs (regulatory changes and advisories), once implemented monitor for accuracy and compliance both internal and external operations.
  • Liaise with Premium Accounting team and Intermediaries in relation to premium collections, outstanding premiums, premium cancellations and cash allocations as well as assist in premium collection from brokers
  • Where applicable, manage bordereaux processing related to Managing General Agent (MGA) business
  • Some processing into financial systems where risks are urgent or complex.
  • Monitoring aged transactions to ensure outstanding items are collected or closed.
  • Quality Control of offshore data entry as well as broker issued policies
  • Demonstrating a proactive approach to suggesting approaches for improvement in work processes.
  • Exhibit a customer service mindset by proactively engaging with the Underwriter as well as internal and external contacts
  • Building effective internal relationships.

SHARE your talent


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

  • Previous experience working within the commercial and personal insurance environment and insurance underwriting process experience desirable.
  • College graduate preferred and/or three to five years prior experience within the insurance market.
  • Strong written and verbal communication skills.
  • Proven analytical, organizational and problem-solving skills.
  • Proven prioritization and time management skills with accurate results.
  • Solid technical skills with Microsoft Office (Excel, Outlook, Word required) and other IT systems.
  • Ability to work effectively in a team setting as well as to work independently in a fast-paced environment requiring good judgment.
  • Strong demonstration of initiative, interpersonal skills and a professional demeanor are critical.
  • Client service experience and focus.
  • A proven proactive approach to growing personal knowledge and skillset while supporting and improving the business through accurate and timely working habits.
  • General interest in Insurance industry.
  • Numeric skills essential.

AXA XL is an Equal Opportunity Employer.
Location:US-NY-New York

Work Locations: US NY New York 200 Liberty Street 200 Liberty Street One World Financial Center New York 10281
Job Field:Underwriting Support
Schedule:Full-time
Job Type:Standard



Job Location Information:
City: New York
State: Ny
Country: Us
Location: New York, Ny
Job Listing No# : 107122

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