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AXA
Underwriter II, Commercial Bond, Energy Transition
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What they do
An Investment Underwriter works for an Investment bank to provide advisory services to businesses and negotiate and structure the terms of company mergers and acquisitions.
$143,928 / year median in New York
+8% projected growth
Job Description
Underwriter II, Commercial Bond, Energy Transition AXA
- 3.9 New York, NY Job Details $87,400
- $170,000 a year 17 hours ago Benefits Matching gift program Retirement plan Qualifications Customer communication Underwriting Team motivation (leadership skill)
Full Job Description Job Description:
AXA XL seeks an Underwriter for our Commercial Bond unit with a focus on supporting our growth initiative in the Energy Transition sector. This role develops and maintains business relationships with agencies and/or brokers for the purpose of sales growth and distribution expansion within the energy industry, and independently underwrites accounts based on authority level granted to the role and underwriting appetite. Additionally, this colleague will work closely with the Energy Transition Financing Insurance Practice and the global Energy Transition team to refine and evolve our financing-phase client strategy, and act as an industry expert and thought leader to promote AXA XL's capabilities within the energy sector. What you'll be doing What will your essential responsibilities include? Underwrite, manage, and service an active portfolio of energy transition projects in line with business unit goals Act as primary access point for brokers and clients seeking Commercial Bond capabilities in support of energy transition projects Acts as a liaison between Commercial Bond and Political Risk/Credit teams to coordinate client solutions for the energy sector Represent AXA XL at key energy financing events and forums, advocating for our value proposition and driving new business opportunities through thought-leadership and market engagement Work with key internal stakeholders including Global Chief Underwriting Office, Legal, and Claims to review and refine market appetite and underwriting guidelines as appropriate to meet evolving market needs Provide insights, best practices, and lessons-learned to drive expansion of financing-phase product offerings and business development to other geographies Monitors market conditions and confirms information gathered within market space Analyzes performance of portfolio as well as individual account performance and develops appropriate action to drive profitable growth based upon the analysis. Works with other members of the team, Specialty, and Property & Casualty to develop and pursue cross selling opportunities. Plans, develops and integrates sales plans to achieve top and bottom-line objectives. Communicates strategic direction and operational plans to external partners. Communicates policies, procedures, and financial budgets that result in attainment of business objectives. Maintain compliance with all internal and external underwriting guidelines and legal requirements. You will report to the Underwriting Manager, Commercial Bond . What you'll bring We're looking for someone who has these abilities and skills:Education:
Undergraduate degree in business, insurance, or a related field preferred.License/Certification/Designation:
Actively pursuing of AFSB, CPCU or other insurance/finance related certification desired.Experience:
3+ years commercial or contract surety or related underwriting experience preferred, with prior experience underwriting these products for the energy transition sector a plusKnowledge:
Requires in-depth knowledge of contract and/or commercial surety operations products, procedures and practices. Expertise in bond lines of business, ratings, customer environment and markets. Requires extensive knowledge of bond underwriting best practices, field underwriting operations and day-to-day underwriting operational needs. Familiarity with other company products preferred.Skills/Competencies:
Must have excellent verbal and written communication skills in order to disseminate vision of senior leadership and to motivate a large agency force. Ability to set work priorities and to initiate, evaluate and recommend solutions to upper management. Must have the ability to perform duties with independent judgment, with underwriting authority and company underwriting standards. Demonstrated decision-making ability required in day-to-day operations Interest in ongoing personal development and upskilling around renewable energy technologies (Solar, Wind, Battery Storage, Hydrogen, Hydroelectric, Biofuels, Nuclear, and CCUS) 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. 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 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 Inclusion & Diversity at AXA XL |AXA XL. 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 inAction :
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.