Job Description
Job Description:
Financial Lines Underwriter, Brooklyn
Sydney, New South Wales
With offices located throughout Australia, Brooklyn Underwriting is a highly accomplished underwriting operation that has been operating for over two decades. Brooklyn’s insurance products are customised, market-specific solutions that are supported by specialist underwriting teams with recognised experience in Property, Casualty, Financial Lines, Marine and Specialty. Brooklyn is an award-winning insurance operation aiming to deliver only the best to our ever-growing customer base. The team provides a diverse and inclusive learning culture with excellent opportunities for growth.
We are looking for an experienced Financial Lines Underwriter with market-facing experience to complement our dynamic team of Underwriters in all tasks related to underwriting, administration and managing the online portal referrals.
This role involves daily collaboration with brokers to manage renewals, maintain account information, and support the use of models and systems. It includes analyzing data, monitoring performance, making routine underwriting decisions, and handling account queries. The role also involves proactively engaging with brokers to develop and strengthen relationships, identify new business opportunities, and support portfolio growth, while continuously improving underwriting processes and ensuring data quality to support efficient and effective business operations.
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
What you’ll be DOING
What will your essential responsibilities include?
Reviewing submissions including applications, policy wording, loss runs and financial reports while conducting appropriate research to determine degree of risk for each account.
Calculating appropriate risk premium by considering the risk costs inherent to the relevant sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
Controlling timely implementation of new and renewed accounts according to quality standards.
Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.
Working collaboratively in a team environment, assisting other underwriters, underwriting assistants and management team.
You will report to the Northern Region Underwriting Manager– Financial Lines.
What you will BRING
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
Bachelor’s Degree preferred, with equivalent experience in Financial Lines underwriting, demonstrating functional knowledge and skills indicative of a fully capable practitioner.
Execute underwriting tasks in accordance with established procedures, with some discretion in decision-making.
Marketing:
Effectively planned sales and business development initiatives within the Financial Lines sector.
Integrate various techniques, tools, and information to support profitable growth over a defined period.
Negotiation/Sales:
Prepare, structure, and lead negotiations with brokers and/or clients on Financial Lines policies.
Achieve outcomes that garner support and acceptance from all parties involved.
Analytical Skills:
Visualize and gather relevant data related to Financial Lines risks.
Articulate insights, analyze complex risk profiles, and resolve issues to inform key underwriting decisions.
Interpersonal Savvy:
Build strong relationships with brokers, clients, and colleagues in the Financial Lines market.
Enhance personal profile and reputation within AXA XL and the wider Financial Lines community.
Strategy and Planning:
Make underwriting decisions aligned with the strategic goals of the Financial Lines division.
Understand financial targets and leverage factors to meet departmental objectives.
Industry Knowledge:
Possess a thorough understanding of the Financial Lines insurance industry and specific product portfolios.
Use this expertise to positively influence underwriting outcomes and support profitable growth.
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
What we OFFER
Inclusion
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, ****** orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and 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.
Financial Lines Underwriter, Brooklyn
Sydney, New South Wales
With offices located throughout Australia, Brooklyn Underwriting is a highly accomplished underwriting operation that has been operating for over two decades. Brooklyn’s insurance products are customised, market-specific solutions that are supported by specialist underwriting teams with recognised experience in Property, Casualty, Financial Lines, Marine and Specialty. Brooklyn is an award-winning insurance operation aiming to deliver only the best to our ever-growing customer base. The team provides a diverse and inclusive learning culture with excellent opportunities for growth.
We are looking for an experienced Financial Lines Underwriter with market-facing experience to complement our dynamic team of Underwriters in all tasks related to underwriting, administration and managing the online portal referrals.
This role involves daily collaboration with brokers to manage renewals, maintain account information, and support the use of models and systems. It includes analyzing data, monitoring performance, making routine underwriting decisions, and handling account queries. The role also involves proactively engaging with brokers to develop and strengthen relationships, identify new business opportunities, and support portfolio growth, while continuously improving underwriting processes and ensuring data quality to support efficient and effective business operations.
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
What you’ll be DOING
What will your essential responsibilities include?
Reviewing submissions including applications, policy wording, loss runs and financial reports while conducting appropriate research to determine degree of risk for each account.
Calculating appropriate risk premium by considering the risk costs inherent to the relevant sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
Controlling timely implementation of new and renewed accounts according to quality standards.
Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.
Working collaboratively in a team environment, assisting other underwriters, underwriting assistants and management team.
You will report to the Northern Region Underwriting Manager– Financial Lines.
What you will BRING
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
Bachelor’s Degree preferred, with equivalent experience in Financial Lines underwriting, demonstrating functional knowledge and skills indicative of a fully capable practitioner.
Execute underwriting tasks in accordance with established procedures, with some discretion in decision-making.
Marketing:
Effectively planned sales and business development initiatives within the Financial Lines sector.
Integrate various techniques, tools, and information to support profitable growth over a defined period.
Negotiation/Sales:
Prepare, structure, and lead negotiations with brokers and/or clients on Financial Lines policies.
Achieve outcomes that garner support and acceptance from all parties involved.
Analytical Skills:
Visualize and gather relevant data related to Financial Lines risks.
Articulate insights, analyze complex risk profiles, and resolve issues to inform key underwriting decisions.
Interpersonal Savvy:
Build strong relationships with brokers, clients, and colleagues in the Financial Lines market.
Enhance personal profile and reputation within AXA XL and the wider Financial Lines community.
Strategy and Planning:
Make underwriting decisions aligned with the strategic goals of the Financial Lines division.
Understand financial targets and leverage factors to meet departmental objectives.
Industry Knowledge:
Possess a thorough understanding of the Financial Lines insurance industry and specific product portfolios.
Use this expertise to positively influence underwriting outcomes and support profitable growth.
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
What we OFFER
Inclusion
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, ****** orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and 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.
💡 Quick Summary
Seeking a career-building opportunity? The Financial Lines Underwriter, Brooklyn position is now open for candidates interested in the Finance sector. This role in Sydney offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Finance is a plus.
