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Reinsurance (Junior) Underwriter Aviation (80-100%)

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AXA Investment Managers

6d ago

  • Internship
    Full-time
    Summer Internship
  • Data
    Banking & Finance
  • Zurich

AI generated summary

  • You need a Bachelor/Master degree, fluent in English, strong Excel skills, analytical and problem-solving abilities, excellent time management, and adaptability under pressure.
  • You will review accounts, manage data, process slips, support business development, coordinate with teams, and build broker relations while learning underwriting and pricing techniques.

Requirements

  • Academic requirement: Bachelor or Master degree or equivalent
  • Fluency in English, any additional European language is of advantage
  • Experience in a Financial Services environment of advantage
  • Excellent working knowledge of Excel and other Microsoft Office programs
  • Creative problem-solver and analytical thinker who can demonstrate adaptability and accuracy, along with sharp numerical and logical skills and an ability to make decisions independently, using own judgment
  • Strong organizing skills, including effective scheduling, prioritization and time management skills. Able to complete tasks to tight deadlines. Demonstration of a ‘can do’ attitude, even under demanding circumstances
  • Ability to perform in a pressurized environment and adjusting comfortably to changing conditions and priorities, especially during the busy renewal season
  • Comfortable taking ownership for work, identifying the need for action whilst working effectively within a team

Responsibilities

  • Learn how to review and establish pricing for new and renewal business by administering, reviewing and analyzing account information, and understand how the underwriter comes to the decision on whether to accept or decline a risk.
  • Review and prepare client and exposure data, provide and structure the necessary information for peer reviews and committee referrals in order to support the underwriting process and learn how to read and understand insurance policies/ reinsurance treaties.
  • Ensure that all information is entered on the respective underwriting, pricing and data storage systems and is kept up to date and accurate
  • Promptly process slips and wordings, monitoring and assisting with the chasing premium and claims to facilitate effective cash flow management
  • Support implementation of business development activities and ad hoc project work including, but not limited to: portfolio optimization, identification of key brokers and markets, action plans from marketing activities
  • Coordinate with other reinsurance offices within International Re and other business units e.g. Finance, Actuarial, Segment Operations and Claims.
  • Work alongside actuaries to develop your technical skills, improve your ability to price risks and understand how exposures are measured at portfolio level.
  • Support the Underwriters by attending and participating at internal and external client / broker meetings and build and maintain relations with brokers and clients to maximize underwriting opportunities

FAQs

What is the job title for this position?

The job title is Reinsurance (Junior) Underwriter Aviation.

What are the essential responsibilities of the role?

Essential responsibilities include reviewing and establishing pricing for new and renewal business, preparing client and exposure data, ensuring accurate data entry, processing slips and wordings, supporting business development activities, coordinating with other reinsurance offices, working alongside actuaries, and attending client/broker meetings.

What qualifications are required for this position?

Applicants should have a Bachelor or Master degree or equivalent, fluency in English (additional European languages are an advantage), and experience in a Financial Services environment is preferred.

What skills are important for this role?

Important skills include proficiency in Excel and other Microsoft Office programs, analytical and problem-solving abilities, strong organizing skills, the ability to work under pressure, and effective teamwork and communication skills.

Is knowledge of other European languages beneficial for this role?

Yes, fluency in any additional European language is considered an advantage.

What kind of work environment can an employee expect?

Employees can expect a flexible and remote work environment, as well as a collaborative and inclusive culture focused on innovation and sustainability.

Are there opportunities for career development in this position?

Yes, the position offers opportunities for professional development through collaboration with experienced underwriters and actuaries, as well as involvement in various business development projects.

Is this position full-time or part-time?

The position is full-time.

Where is this job located?

The job is located in Zurich, Switzerland.

What is the company's commitment regarding diversity and inclusion?

AXA XL is committed to equal employment opportunity, promoting an inclusive culture, and has made a strategic commitment to attract, develop, advance, and retain a diverse workforce.

Does the company support sustainability initiatives?

Yes, AXA XL integrates sustainability into its business strategy, focusing on valuing nature, addressing climate change, integrating ESG, and supporting community volunteering programs.

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AXA Investment Managers

AXA IM official account. To find out more about #LifeAtAXAIM

Finance
Industry
1001-5000
Employees
1997
Founded Year

Mission & Purpose

Our ambition is to be a leading responsible asset manager. As a responsible asset manager, we actively invest for the long term to help our clients, our people and the world to prosper and secure a sustainable future for the planet. It is in our DNA and unites everyone across the company. We are a responsible investor We have already seen signs that the global economy is starting to move to a more sustainable and equitable model over the next decade, and we will take an active role in powering that transition. We are a responsible business As a committed active investor we are led by our conviction. With fundamental research at the core of our process, our global team seek out and develop the most efficient and robust sources of performance across our strategies. We know that with conviction, we can advance and best serve the interests of our clients. We are a responsible employer Being responsible is in our DNA as a firm and is central to our ethos as an employer. It is embedded in how we grow and protect our people. It unites our team, from our leaders, to our growing number of specialists, to the newest members of our teams. We are part of the AXA Group Our heritage within AXA Group, a recognised innovator, has hard-wired our business for continual improvement. As our most demanding and challenging client, they help us to achieve excellence. Our relationship with our parent company also means protection and stability are part of our heritage.

Benefits

  • Fixed Remuneration,

  • Discretionary Variable Remuneration,

  • Attractive Local and Global Benefit Programmes

  • Learning and Career Development Opportunities.