Underwriter II, Equipment Breakdown

Job Opportunity At AXA XL

What you'll be doing : Your essential responsibilities include developing and structuring tailor-made solutions through our risk transfer products, in accordance with the Equipment Breakdown Underwriting Guidelines and relevant best practices, to enhance our customer and broker experience. Procure new business opportunities through effective marketing strategies designed around supporting our key brokers, wholesalers and regional brokers, fostering new broker relationships, and meeting with prospective clients. Evaluate appropriate risk premium by considering the risk costs, inherent to the Equipment Breakdown sector, reinsurance cessions as well as the underwriting and general administration costs to ensure profitability. Utilize effective sales and negotiating skills to bring new business and renewal transactions to a successful close. Initiate and collaborate internally with other business units to uncover and pursue cross-sell opportunities. Manage timely implementation of new and renewal accounts, including but not limited to, referrals, quotes, binders, facultative reinsurance, policies, engineering services, premium collection in accordance with company standards. Advise, assist, and service clients on insurance and risk management matters to ensure clients satisfaction and respond to client and AXA XL queries in a timely manner. Develop best practices and the sharing of underwriting knowledge within the team. Proactively foster positive relationships with renewal clients including pre-renewal and stewardship engagement to get a mutual understanding of their needs. Ability to lean and / or assist in continuous improvement project to benefit Equipment Breakdown and in some cases, the broader organization. You will report to the Head of EB Technical + Product.

What you'll bring : Required Skills and Abilities : Solid technical knowledge of equipment exposures, mechanical and electrical systems, and the application of coverage forms to a wide variety of industries. The ability to determine appropriate rating, terms, and conditions in accordance with company guidelines and delegated underwriting authority. The ability to analyze inspection reports, engineering recommendations, and maintenance programs to identify potential loss drivers and mitigation opportunities. Manage an assigned book of business for profitability, rate adequacy and retention targets. Apply sound judgement in pricing, coverage, and risk selection consistent with portfolio objectives. Proficiency in rating tools, reinsurance structures and facultative procedures. Desired Skills and Abilities : Analytical thinking and sound judgment in balancing risk selection with business goals. Robust communication and negotiation skills with brokers and internal teams. Initiative and accountability in managing assigned underwriting authority. Team-oriented mindset with willingness to mentor junior underwriters. Detail-oriented, organized, and comfortable with deadline-driven work. Bachelor's Degree preferred, professional designations CPCU, ARM a plus.