Underwriter II - Ocean Marine

AXA•New York, NY

About The Position

The Underwriter II delivers a profitable underwriting service to Ocean Marine clients. The role underwrites business within the agreed business plan and individual authority, supports business planning and forecasting, monitors financial exposure and premium income within established limits, and helps ensure adequate reinsurance coverage for specific risks. It builds and maintains broker and client relationships and supports the design and structure of risks. The position reviews submissions and related materials to assess account risk, calculates appropriate premiums while accounting for risk costs, reinsurance cessions, and underwriting and administrative expenses, and advises and services clients on insurance and risk management matters. It manages account implementation and retention, works with internal teams on reinsurance placements, reviews loss-control reports and endorsement requests, and remains aware of claims while contributing to settlement discussions. The role reports to the Underwriting Manager, Ocean Marine.

Requirements

Bachelor’s degree or equivalent.
Some to moderate marine insurance experience, with functional knowledge and skills reflective of a fully competent practitioner.
Robust industry knowledge and commercial/business acumen.
Analytical, negotiation, and sales/marketing skills.
Excellent written and oral communication skills.
Strong customer service focus.
Demonstrated ability to build and maintain excellent 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.

Responsibilities

Underwrite business within the agreed business plan and individual authority.
Support business planning and forecasting.
Monitor financial exposure and premium income within outlined limits.
Review submissions, including applications, policy wording, inspection reports, loss runs, and financial reports, and conduct research to assess account risk.
Calculate appropriate risk premiums, accounting for Ocean Marine risk costs, 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.
Manage relationships to identify cross-selling opportunities and support account retention.
Ensure timely implementation of new and renewed accounts according to quality standards.
Coordinate with internal teams to determine appropriate reinsurance for excess-of-loss and quota-share risk placements.
Review loss-control reports and manage policy endorsement requests to process necessary policy changes.
Maintain awareness of claims and support and provide input on claim settlements.
Build and maintain relationships with brokers and clients.
Support the design and structure of risks.
Ensure adequate reinsurance is acquired to cover specific risks.