Assistant Underwriter - Construction

AXIS Capital; Greater London; On-site; GBP 35,000 - 45,000; Full time

Job summary

A global insurance firm in Greater London is looking for an Assistant Underwriter to support underwriting construction risks. The role involves maintaining relationships with brokers, monitoring portfolio performance, and assisting in compliance. Ideal candidates will have experience in insurance, strong analytical skills, and progress towards or completion of CII qualifications. This position offers meaningful career opportunities with a competitive benefits package.

Benefits

Comprehensive medical plans

Health and wellness programs

Retirement plans

Tuition reimbursement

Paid vacation

Qualifications

• Experience in insurance or reinsurance, ideally within construction.
• Understanding of Lloyd’s market operations.
• Previous exposure to construction insurance like CAR/EAR.

Responsibilities

• Support underwriters in underwriting construction risks.
• Develop and maintain relationships with Lloyd’s brokers.
• Assist with portfolio performance monitoring.

Skills

Analytical skills

Verbal communication

Attention to detail

Team player

Proficiency in Microsoft Excel

Education

CII qualifications (in progress or completed)

Tools

Underwriting systems

Job description

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.* Contractors’ All Risks (CAR)* Erection All Risks (EAR)* Project-specific and annual construction programmes* Delegated Authority business* Support risk assessment by reviewing submissions, policy wordings, schedules, and supporting documentation.* Obtain natural catastrophe modelling results for the underwriting team* Prepare underwriting information, pricing models, and risk summaries for review by senior underwriters.* Assist in determining appropriate terms, conditions, deductibles, and premiums in line with underwriting strategy.**Broker & Market Interaction*** Develop and maintain effective working relationships with Lloyd’s brokers.* Support broker meetings, presentations, and renewal discussions.* Respond to broker enquiries in a timely and professional manner.* Assist with new business development and renewal negotiations.**Portfolio Management & Analytics** Support monitoring of portfolio performance, including:* Premium, exposure, and aggregation* Loss ratios and claims trends* Assist with management information, reporting, and data quality initiatives.* Ensure accurate entry and maintenance of underwriting data within Lloyd’s systems.**Governance, Compliance & Controls** Ensure underwriting activity complies with:* Assist with peer reviews, referrals, and audit processes.* Maintain accurate and complete underwriting files and documentation.**Collaboration & Development**Desirable**Personal Attributes*** Commercially minded with a strong interest in construction underwriting.* Proactive, motivated, and keen to learn.* Able to work effectively in a fast-paced, deadline-driven environment.* Strong team player with the confidence to build internal and external relationships.AXIS Construction team is seeking a dynamic individual to join our strategic team of underwriters operating in one of the most exciting parts of the specialty insurance industry. We currently invite applications for the role of Assistant Underwriter for our market leading construction team. The Assistant Underwriter, will act within established guidelines to support the underwriters to market, analyse, review, evaluate and monitor new and renewal accounts for construction business. **Underwriting Support** Assist in underwriting a portfolio of construction risks, including:* Lloyd’s Minimum Standards* Managing agent underwriting guidelines* Regulatory and compliance requirements* Support continuous improvement of underwriting processes and controls.* Actively pursue professional development, including CII qualifications, as appropriate.**Skills & Experience** Essential* Experience in insurance or reinsurance, ideally within construction or specialty lines.* Understanding of Lloyd’s market operations and underwriting processes.* Strong analytical and numerical skills.* Excellent written and verbal communication skills.* High level of attention to detail and organisational ability.* Proficiency in Microsoft Excel and other underwriting systems.* Previous exposure to construction insurance (CAR/EAR, project risks).* Experience working with Lloyd’s brokers or within a Lloyd’s syndicate or managing agent.* Progress toward, or completion of, CII qualifications.* Familiarity with exposure management tools and underwriting platforms.Rewarding. Challenging. Meaningful.We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry.Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company.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.