Senior Underwriter

Axis Capital
Princeton, NJ Full Time
POSTED ON 10/13/2024 CLOSED ON 10/30/2024

What are the responsibilities and job description for the Senior Underwriter position at Axis Capital?

This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

SVP/Senior Underwriter & Business Development, ReinsuranceJob Family Grouping: Underwriters

How does this role contribute to our collective success?

AXIS Re is looking for an A&H Senior Underwriter who will be responsible for the evaluation, development and underwriting of Accident & Health reinsurance business in our United States division. It is expected that the individual in this role will independently develop new sources of reinsurance business flow and oversee the underwriting and installation of both program and excess of loss opportunities. As a senior underwriter they will also be responsible for the ongoing management, monitoring and profitability of this business.

What will you do in this role?

  • Develop and execute of strategies for generating reinsurance opportunities.
  • Establish or expand relationships with ceding carriers.
  • Actively manage relationships with reinsurance intermediaries and other production sources.
  • Actively participate in strategy and business planning activities.
  • Participate in the development and execution of strategies to expand into new market segments or products as necessary.
  • Play a lead role in the underwriting and pricing of new and renewal business to ensure it matches the satisfactory profitability expectations in that specific class.
  • Lead Peer Review sessions to educate and develop the required consensus for large or unique opportunities.
  • Liaison with Reinsurance Actuarial staff and Chief Actuary in periodic monitoring and reserving of assigned business.
  • Oversee the management of assigned business as per established guidelines including periodic program management meetings, required data flow and audits.
  • Insert Axis claim expertise and an expanded value added Managed Care offering where / if possible.
  • Assume staff management responsibilities as necessary.

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You:

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have:
  • A Bachelor's degree, preferably concentrated in a technical or insurance related business field
  • Typically requires a minimum of 12 years of experience in the A&H Insurance or Reinsurance industry
  • Advanced knowledge of actuarial and pricing concepts used in the evaluation of A&H risks.
  • Strong industry relationships and well respected by reinsurance brokers and insurers
  • A strong grasp of policy forms, contract wording and an understanding of the impact of claims, actuarial, accounting, and finance in the underwriting process

What we prefer you to have:
  • Proficiency in Microsoft Office suite applications (Outlook, Word, Excel, and PowerPoint)
  • Excellent presentation and interpersonal communication skills
  • Strong interpersonal and technical skills; Preferred some level of actuarial training
  • Ability to manage multiple projects/programs successfully, simultaneously
  • Strong focus on identifying client needs and flexibility in developing solutions
  • Highly collaborative and versatile; with the ability to work effectively both independently and as part of a team.

Role Factors:

Be in the office 3 days per week

What we offer:

For this position, we currently expect to offer a base salary in the range of $250,000 to $290,000 (NY and NJ), $230,000 to $270,000 (IL and CT). Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.

In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

Where this role is based in the United States of America, this role is Exempt for FLSA purposes.

 

Salary : $230,000 - $270,000

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