Assistant Underwriter, Property

**Job Description**:
**Assistant Underwriter - Property**

**XLICSE, India Reinsurance Branch**

Mumbai, India

XLICSE is an Ireland domiciled insurer with branches throughout the EU, as well as Australia, Hong Kong, Singapore, Malaysia and India. It primarily writes property, engineering, financial lines, casualty and specialty insurance and facultative reinsurance for large national and multinational corporations and leading insurance companies. XLICSE is part of AXA XL (a division of AXA group) which also operates in several jurisdictions worldwide.

Having obtained the certificate of registration from IRDAI to operate as a reinsurance branch located in Mumbai in 2017, the branch is well positioned to effectively develop and service clients of AXA XL in India.

As a Facultative Underwriter of the India Reinsurance branch for Property LOB, you will help deliver a profitable ‘Underwriting book while at the same time, showcase AXA XL expertise and establish it as a influential participant in Indian facultative market. Key tasks include:

- identify and develop new business opportunities by building and maintaining relationships with brokers and cedants, underwriting business within the agreed business plan, appetite and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income and portfolio health to ensure it remains aligned with company's objectives; maintaining awareness of all claims advised while supporting and providing input wherever needed; planning and executing the underwriting strategy on individual risks and/or portfolio level.

**What you’ll be DOING**

What will your essential responsibilities include?
- Reviewing complex submissions related to Property LOB from various aspects including but not limited to associated exposure, coverage, policy wording & clauses, terms & conditions, risk management, loss trends, and financial metrics, all the while conducting appropriate research to determine what is in best interest of AXA XL.
- Ascertaining appropriate risk premium by considering the risk costs & exposures inherent to the respective industry as well as the Underwriting and general administration costs while ensuring profitability.
- Proactively having regular dialogue with brokers / cedants to spot for potential opportunities, carrying out negotiations, advising AXA XL position as per underwriting appetite and contribute towards building a sustainable Property LOB underwriting book, prepare and manage documentation as per internal guidelines, following up and servicing clients on reinsurance and risk management matters to ensure satisfaction and fulfillment of their reinsurance requirements.
- Effective relationship management to tap new opportunities and simultaneously ensuring account retention.
- Good understanding of industry, market needs and best practices which helps in showcasing the technical proficiency of the company and contributes towards positioning AXA XL as reliable & reputable go to market.
- Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income and portfolio health to ensure it remains aligned with company’s objectives
- Maintain awareness of all claims advised while supporting and providing inputs, wherever needed
- Working collaboratively in a team environment - assisting underwriters of Property & Energy LOB, underwriting assistants, Actuarial, Risk engineering, Operations, claims and management team.
- Ensure all underwriting activities/ decisions comply with internal guidelines, industry standards, and regulatory requirements.

You will report to the Underwriting Manager.

**What you will BRING**

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

- Bachelor’s Degree preferred and equivalent experience in the relevant class of business is essential. Any other relevant professional qualification will be an added advantage.
- Possess an extensive level of functional & technical knowledge and skills in Property underwriting.
- Ability to work independently.
- Ability to respond to a changing environment with flexibility and innovation.
- Marketing - Effectively plan for business development. Integrating the use of various techniques, tools, and information to support profitable business growth over a defined period.
- Negotiation & communication - Plan, structure and conduct negotiations with brokers and/or cedants and effectively back them with excellent communication skills to reach outcomes that gain the support and acceptance of all parties.
- Analytical Skills - Visualize, gather information, articulate, analyze and solve complex problems in order to make key business decisions.
- Interpersonal Savvy - Build excellent interpersonal relationships with brokers, cedants & colleagues with the intention of improving personal profile and reputation within AXA XL and at broader market leve