Underwriter II, Specialty, Political Risk and Credit

AXA•Washington, DC

About The Position

The Underwriter II is responsible for delivering profitable underwriting service to clients in Political Risk and Credit (PRC). The role reviews submissions—including applications, financial statements, credit memos, technical reports, and legal due diligence reports—to determine whether transactions meet risk appetite standards, with a strategic focus on medium- to long-term transactions. It supports business planning and forecasting, monitors financial exposure and premium income within established limits, and works within agreed business plans and individual authority. The position negotiates bespoke policy wordings, calculates risk premiums that account for political or credit risks, reinsurance cessions, and underwriting and administrative costs, and helps design and structure risks. It proactively advises and services clients on insurance and risk management matters, builds relationships with brokers and clients to grow PRC transaction flow and identify cross-selling opportunities, and ensures timely implementation of new and renewed accounts. The underwriter remains aware of claims and provides input on settlements, while collaborating with underwriters, underwriting assistants, and management. The position reports to a Senior or Executive Underwriter.

Requirements

Moderate to extensive experience in the credit or political risk insurance business.
Demonstrated technical knowledge and skills in the product and industry, reflecting successful progression through job family levels.
Advanced analytical, negotiation, and sales/marketing skills.
Excellent written and oral communication skills.
Ability to build and maintain robust insured and broker contacts.
Ability to develop and understand business processes, strategy, and planning.
Collaborative team player who provides creative solutions and ideas for resolution.
Ability to work under technical direction within significant limits and authority on assignments of higher technical complexity and coordination.

Nice To Haves

Master’s degree in business, economics, insurance, international affairs, or a related field.

Responsibilities

Review submissions, including applications, financial statements, credit memos, technical reports, and legal due diligence reports, to assess transactions against Political Risk and Credit risk appetite standards.
Focus underwriting on medium- to long-term transactions.
Negotiate bespoke policy wordings.
Calculate appropriate risk premiums, accounting for political or credit risks, reinsurance cessions, and underwriting and general administration costs while ensuring profitability.
Advise, assist, service, and follow up with clients on insurance and risk management matters.
Build and manage relationships with brokers and clients to increase PRC transaction flow and identify cross-selling opportunities for other AXA XL products.
Ensure timely implementation of new and renewed accounts according to quality standards.
Support business planning and forecasting.
Monitor financial exposure and premium income within established limits.
Maintain awareness of advised claims and support or provide input on claims settlements.
Ensure adequate reinsurance covers specific risks.
Support the design and structure of risks.
Collaborate with underwriters, underwriting assistants, and the management team.