Underwriting Assistant- Energy job vacancy in XL Catlin – Jobs in New York

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Job Details
Company Name : XL Catlin
Company Location : New York, NY
Job Position : Underwriting Assistant- Energy
Job Category : Jobs in New York

Job Description :
Flexible Work Eligible: None

DISCOVER your opportunity

The Underwriting Assistant will be a team player within the Underwriting Support Unit of the Insurance Platform Office (IPO) and will perform tasks that directly support the Underwriting team. As owner and principal facilitator of assigned accounts, the Underwriting Assistant will perform front-to-end activities throughout the life-cycle of renewal and prospect accounts from submission to expiration. These tasks will be performed with guidance from the Underwriter. The Underwriting Assistant will be engaged in ongoing development of his/her knowledge of commercial insurance related to the Energy line of business

Pre-underwrites, evaluates risk, and assesses completeness of the underwriting package before underwriter is required to review. Communicate directly with Brokers on behalf of the Underwriters to collect account and insured information necessary for risk analysis.
Perform and apply knowledge of line of business specific product underwriting rules and/or guidelines for pre-analysis support of submission in preparation of further analysis for quoting stage.
Develops initial pricing, basic coverage structuring, quotation, and binder packages of the risk on behalf of the underwriter. Calculate base rating and apply experience modifications as part of underwriting package completed by Underwriting Support Unit for Underwriter review.
Manage the workflow of multiple tasks and maintain a detailed understanding of the status of various tasks owned by Underwriters, Brokers, Reinsurers, XL internal network, and Fronting Partners around the world.
Communicate account status to ensure completion of outstanding subjectivities needed to execute policy issuance and premium collection as part of bound accounts.
Collaborate and correspond verbally and in written format with internal and external contacts across the world, keeping in mind differences in local language, time zones, good local standard, to achieve a high level of service and meet client expectations.
Exhibit a customer service mindset by proactively engaging with the UW and internal and external contacts, instructing and maintaining accounts to ensure implementation progress, such as promptly returning phone calls/emails.
Proactively problem-solve to balance and manage client/broker expectations with internal service standards.
Maintain a solid understanding of coverages and program structure, as well as internal policy coding systems to ensure completeness of contents of Coding/Issuance package prior to handover to the Coding/Issuance unit, resulting in a high quality policy product.
Execute the bound reinsurance placement by coordinating with credit control and the reinsurance team to ensure that premiums are invoiced, collected and ceded to the appropriate parties according to the agreed amounts and various time due dates.
Collaborate closely with Underwriters, Product Management, Legal and Regulatory as necessary to perform pre- bind activities and to confirm policy issuance instructions and manuscript wordings, regulatory notices, certificates, etc. to effectively instruct the Coding and Issuance Unit.
Request input from Risk Mitigation teams (Risk Control, GAPS, Cat modeling group, etc.) in anticipation of Underwriter’s needs for risk analysis/risk selection.
Understand reinsurance placement and provide assistance in putting the Underwriting Package together for the reinsurance provider at quoting so the Underwriting team can effectively negotiate terms and conditions.
Assess when it is necessary and perform quality control of rating, coding and issuance output to ensure accuracy of work (e.g. exposure bases, limits, coverage extensions, modifications, data entry).
Rate premium changes for premium bearing change requests and/or provide the proper instructions to India colleagues to do so
Create and maintain electronic file for accounts as required for Sarbanes Oxley and Internal Audit Guidelines.
Potentially participate in projects where the Unit may be requested to provide Subject Matter Experts related to the Underwriting Support Unit.
Meet regulatory filings and bureau correspondence due dates in line with regulatory and state guidelines.
Utilizing the IPO Workflow Management System, ensure accurate and timely input of information critical to the needs of IPO management for the purpose of work tracking, productivity and service delivery.

In this role, you will report directly to the Operations Manager.

SHARE your talent

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

Bachelor’s degree, 3 years of related insurance experience; or equivalent combination of education and experience.
Knowledge of commercial insurance policy forms and regulatory requirements
Experience with insurance software (e.g., Policy Decisions, Reference Connect (Sage), ISO Net) Client Service experience a plus.
Excellent written and oral communication skills.
Strong interpersonal skills in order to work effectively and professionally with diverse groups.
Proven organizational and problem solving skills.
Proven prioritization and time management skills with accurate results.
Basic competency in MS Office applications: Word, Outlook, Excel, Internet Explorer and Adobe Standard (or similar PDF conversion tool) required.
Experience with standard office practices (e.g., data entry, certified mail, task tracking, and documentation).
Ability to perform basic math (add, subtract, multiply, divide) in all units of measure, using whole numbers, common fractions and decimals.
Ability to compute rates, ratios and percentages.
Ability to interpret bar graphs and charts.

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 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 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 axaxl.com
Inclusion & Diversity
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s 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. It’s about helping one another — and our business — to move forward and succeed.
Our enterprise I&D mission is to become the most inspiring company to work for. We’re achieving this through our three areas of focus:

Drive an Inclusive Culture—create a global workplace that works for everyone, with a culture that values all individuals, backgrounds and ideas, and where every colleague feels safe, valued and respected.
Diversify Our Workforce—increase the representation of women in leadership, achieving 50% by 2023, and focus on underrepresented populations by region, positioning AXA XL as an employer of choice for all talent.
Support Our Marketplace & Communities—support our communities and visibly and thoughtfully champion equity around the globe.

Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
Corporate Responsibility
At AXA XL our approach to corporate responsibility (CR) is the same as our approach to business; constantly seeking to provide innovative solutions to the world’s most complex problems. From offering our expertise, products and services to help build more resilient communities, to advancing understanding and response to climate change, our strategy – Our Impact. Our Future. – aligns key issues that are pertinent to our business – climate, water and financial resilience – and contributes to AXA Group’s purpose to “Act for human progress by protecting what matters.”

Climate: We’re reducing our carbon footprint, protecting ecosystems and exploring how our business can help build a better world.
Water: We’re developing water resilience where it is — and will be — needed most.
Financial resilience: We’re helping create opportunities for the unemployed and underemployed, so they can be better prepared for unexpected changes.
Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as our “Hearts in Action” programs.

For more information, please see the Corporate Responsibility section on our website.

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