Aerospace Jobs in Chicago, IL

Global Head of Underwriting Management (Aerospace & PRCB)

United States | United Kingdom | France | Switzerland | Germany

As the Aerospace and PRCB Global Head of Underwriting Management, you will play a pivotal role in shaping and implementing underwriting strategies and operational effectiveness for all aerospace products within AXA XL. This role offers a unique opportunity to drive strategic initiatives, foster innovation, and contribute to the profitable growth of our business.

What You'll Be Doing

What will your essential responsibilities include?

• Build the Technical Underwriting Strategy development and Products Future Focus, in conjunction with Product GCUOs.
• Coordinate and support developments and delivery of operational and strategic initiatives in coordination with GCUOs.
• Project Lead for Underwriting strategy development, communicating, executing and monitoring global product strategies (Product Unit Strategy Documents) (with GCUO).
• Support RCUO with the implementation of 1st line of defense (pre and post bind reviews).
• Review and assess post Bind reviews (1st Line), Independent reviews (1.b. line), internal audit reports to 'continually improve' the Underwriting Product Technical strategy and associated 1st Line of defense framework, in conjunction with the CUO.
• Support the GCUO in driving insights into the global portfolios and assist in efficient and effective reinsurance structures to manage our net position.
• Support the reinsurance treaty renewal process, helping project manage renewal submission process in conjunction with GUMs.
• Work with GCUOs and the product leadership team to maintain robust strategic relationships with the broker network and co-ordinate with other lines of business and country managers.
• Drive insights into the global portfolio to help improve profitability for the Global Product, supporting the CUO and Practice Leader in deciding where they should expand and contract using the PMP Data.
• Support the GCUO and RCUOs in handling the PAP process and encourage profitable product innovation, as required.
• Support the GCUO in the development and effectiveness of an Expert Network strategy to ensure best practice is driven through the entire Product globally and drive best practice.
• Identification of Emerging Risks and formulating and Development of necessary responses.
• Referrals flow through from BU Underwriting Leaders to GCUO, to ensure that product specialists are most involved in approving use of AXA XL capital in unusual situation.
• Help coordinate yearly planning process with Finance partners and identify avenues for potential expense optimization.
• In coordination with GCUO and Global Head of Risk (GHR), liaise with GRM/FRM/ERM on information and data requests as they may arise, including updates to Committees and Task Forces.
• Continuously improve LOB Governance, maintain evolution and streamlining of R&Gs, ensure compliance with Division and Group directives
• Support development of Climate and Energy Transition strategy in coordination with GCUOs and GHR
• Manage GUM and support their professional development.

You will report to the Global Chief Underwriting Officer, Aerospace.

What You'll Bring

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

• Outstanding leadership and strategic thinking skills with the ability to drive initiatives forward.
• Excellent communication skills, both verbal and written, to effectively collaborate with stakeholders at all levels.
• Proven ability to manage projects, meet deadlines, and adapt to changing priorities in a dynamic environment.
• Analytical mindset with the capability to evaluate complex data and make informed decisions.
• Keen understanding of underwriting principles and practices within the aerospace industry.
• Ability to foster proactively a culture of innovation and continuous improvement.
• Demonstrated proficiency in building and maintaining strategic relationships with internal and external partners.
• Commitment to excellence and a proactive approach to problem-solving.

What We Offer

Inclusion

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture enables business growth and is critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential. It's about helping one another and our business to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
• Robust support for Flexible Working Arrangements
• Enhanced family-friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

Learn more at axaxl.com/about-us/inclusion-and-diversity . AXA XL is an Equal Opportunity Employer.

Total Rewards

AXA XL's Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.

We're committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called "Roots of resilience", focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society are essential to our future. We're committed to protecting and restoring nature from mangrove forests to the bees in our backyard by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We're training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL's "Hearts in Action" programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day the Global Day of Giving.

For more information, please see axaxl.com/sustainability.

Who We Are

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

The U.S. base salary range for this position is $175,000 to $240,500 USD.

AXA XL is a global Company. The salary range noted above is applicable only for US applicants. Actual pay will be determined based upon the individual's skills, experience and location. We strive for market alignment and internal equity with our colleagues' pay.

At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range