Underwriting Manager, Cargo - AXA Group : Job Details

Underwriting Manager, Cargo

AXA Group

Job Location : New York,NY, USA

Posted on : 2024-09-28T06:50:23Z

Job Description :
Underwriting Manager, Cargo New York, NY I USA This Americas regional Leadership position will manage all aspects of the Ocean Cargo Product Line. AXA XL offers property, casualty, financial lines and specialty insurance and reinsurance solutions for mid-sized companies through to large multinationals globally. We blend underwriting discipline, analytic excellence, and a robust market focus to create stellar partnerships with clients and brokers. We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients' potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. AXA XL's Ocean Marine team offers intelligent solutions that meet the individual needs of our clients. We focus on providing value to our policyholders with robust underwriting, risk engineering, multinational solutions, and global claims capabilities. Businesses that are moving the world forward choose AXA XL as their partner because of our responsive and experienced underwriters. DISCOVER your opportunity What will your essential responsibilities include? As a key member of the Americas Ocean Marine Underwriting team this role consists of three core deliverables. Leading the Ocean Cargo product line in the United States and Canada is the primary responsibility. In conjunction with the Ocean Marine Americas Leadership team you:
  • Implement and maintain Global Product Line strategy, rules and guidelines in the Americas region.
  • Outline financial goals by setting a strategic direction, complete annual operating plans, and develop initiatives to be successful.
  • Are responsible for new business growth by creating a quality volume of new business submissions through interaction with the underwriting team and brokers.
  • Ensure profitability, resiliency, and ROE in any market environment via superior risk selection and balance to overall portfolio.
  • Measure portfolio performance and manage results through action-oriented behaviors to meet or exceed plan.
  • Lead team to comply with pricing metrics, legal and compliance guidelines, quality standards and effectively exhibiting appropriate judgment.
  • Provide monthly and quarterly feedback on performance indicators to management and team for planning and forecasting.
  • Review and approve proprietary and manuscript coverage forms in conjunction with legal, compliance and regulatory teams.
  • Build outstanding working relationships with functional partners including Claims, Finance, Actuarial, IT, HR, Legal and Marketing, Sales & Distribution.
  • Matrixed reporting and coordination to Global Cargo Product Line Management.
  • Coordination amongst Americas Ocean Marine Leaders for Hull & Machinery and Marine Liabilities as well as Multinational Incoming Team.
  • Partner with Americas Sales & Distribution zonal teams as well as Specialty managers as required.
  • Assist the Global Marine Chief Underwriting Office team on project work to expand the appetite and product offerings of the global marine unit.
Secondly, Manage a team of Ocean Cargo Underwriters by:
  • Setting clear objectives and goals; implement, coach, give appropriate feedback on progress and/or development needs.
  • Developing top talent for succession planning. This includes recruiting and selection, compensation management, performance management, training and development and employee relations.
  • Being accountable for successful execution marketing production plans.
  • Building a culture aligned with AXA XL's Core Principles.
Thirdly, you will manage an individual portfolio as Underwriter of new and renewal business including:
  • Production Underwriting in the Americas to win new business.
  • Servicing an existing book by providing leading-edge client focused solutions.
  • Handle multinational placements.
  • Manage net lines at a policy level with a combination of line size and reinsurance solutions.
  • Engage clients with AXA XL's Digital Commercial Platform, Ecosystem, and Innovation offerings which allow for tailor-made solutions.
  • Execute strategic operating and marketing plans.
  • Underwrite to a profitable financial performance.
The role reports to the Head of Marine, Americas. SHARE your talent SHARE your talent We're looking for someone who has these abilities and skills:
  • A bachelor's degree is required for this role.
  • Extensive ocean cargo insurance underwriting experience.
  • A demonstrated understanding and tenured experience with Multinational Underwriting; familiarity with Captives.
  • Experience with Delegated Underwriting Authority management, governance, and administration.
  • Professional designations, certificates, or other insurance classes are highly desired.
  • Recognized expert and specialist in the ocean marine insurance industry regionally or nationally
  • Business development oriented with a successful track record driving profitable growth.
  • Excellent analytical and decision-making skills
  • Excellent communication, networking, marketing, collaboration skills evidencing public speaking and presentation experience.
  • Ability to develop and maintain relationships with customers, producers and trading partners.
  • Excellent technical skills with Microsoft Office and other relevant systems. Travel of up to 20% of the time is anticipated.
FIND your future 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 Inclusion & Diversity 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 and a diverse workforce enable business growth and are critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can 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. 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 Sustainability at AXA XL . The U.S. pay range for this position is USD 155,500 - 233,000. 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. Wealsobelieve in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details aboutAXA XL's benefits offerings, please visit US-Benefits-at-a-Glance_2023_US.pdf (myaxaxlbenefits.com) .
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