This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance.  We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture.  As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. 

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

Financial Institutions Underwriter Job Description

New York

AXIS’ Retail Complex Risk Group is seeking a dynamic individual to join a strategic team of Financial Institutions Underwriters. The individual will act within established guidelines to actively market, analyze, review, and evaluate and monitor new and renewal accounts for highly complex policies for public & private banks, insurance companies, hedge funds, investment advisors, and other financial institutions

Candidate Profile

Underwriter, Financial Institutions will be a “hands-on” technical expert with a history of success within a top-tier Commercial Insurance Carrier focused on building a complex book of Financial Institutions Management and Professional Liability (E&O, D&O, EPLI, FLI and Crime) targeting public & private, accounts. 

Candidates will have deep contacts within Financial Institutions Retail broker channels and full life cycle exposure to portfolio management across; solicitation of submissions, underwriting analysis, preparing, and issuing indications/quotations/binders, and marketing. 

Additionally, the candidate must have an executive presence, demonstrating success in communicating, influencing, and building solid relationships that add value to the AXIS book of business and contribute to longer-term strategic initiatives.

Work Profile

In our New York City office, this position provides a hybrid work schedule, with 3 days required in the office. Additionally, regular travel is necessary to engage in face-to-face meetings with brokers and clients, as well as to participate in industry and company events.

Key Duties and Responsibilities

• Participate in prospecting through the identification of new business targets and opportunities, work closely with key Financial Institutions retail brokers to ensure the department receives opportunity to offer proposal. Make strategy recommendations to supervisor.
• Review and evaluate new and renewal business based upon company underwriting guidelines.  Develop strategy and make recommendations.
• Review coverage requests provided by agent and determine department’s position relating to such requests within individual authority granted. Present those outside authority to immediate supervisor for approval or guidance.
• Analyze and underwrite individual risks. Develop appropriate limit structure, retention, pricing and endorsements within authority granted.
• Manage personal book of business regarding new lines, renewals and cross marketing of product lines within the department.
• Meet all divisional servicing objectives including but not limited to quote turnaround, policy issuance, phone management, file maintenance and documentation, etc. Maintain data integrity for the underwriting system.
• Perform required marketing calls through regular broker visits on a timely and frequent basis. Solicit new accounts, gather market intelligence and provide up-to-date department information relating to products and services.
• Manage select agency relationships to ensure objectives are achieved.
• Perform all necessary travel as required for marketing calls as well as client meetings.
• Continue to develop and update product and underwriting knowledge.
• Maintain up-to-date familiarity with economic and legal factors comparing the department’s lines of business and the insurance industry.
• Participate in projects or perform other related work as required.
• Coordinate with branch marketing representatives and profit center representatives to allow for cross marketing.

Required Education/Training & Experience:

• Bachelor’s degree or higher
• Requires a minimum of 2 to 5 years of experience across Financial Institutions, executive liability underwriting.
• Advanced technical expertise, underwriting skills and knowledge of insurance and underwriting principles, practices and procedures. 
• Experience should include the ability to assess company financials, analyze stock metrics, manuscript forms and manage individual portfolios.

Other Desired Skills and Characteristics:

• Enthusiasm for new business opportunities and the desire to think creatively in formulating solutions for clients and brokers.

• Proficiency in Microsoft Office suite applications (Outlook, Word, Excel, and PowerPoint)
• Strong communication, presentation, and negotiation skills.
• Highly collaborative and versatile; with the ability to work effectively both independently and as part of a team.
• Strong basis of financial analysis
• Strong policy language analysis skills
• Excellent organizational skills and ability to manage peak period workflows.   
• Effective strategic relationship management and portfolio management skills.

For this position, we currently expect to offer a base salary in the range of $100K - $125K NY. The specific salary offer will be based on an assessment of various factors, including the experience of the successful candidate and their work location. In addition, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance. On top of this, we offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.