Senior Underwriter, Aviation Jobs

Toronto, ON I Calgary, AL I Vancouver, BC I Canada
A unique opportunity to join a market leading and dynamic aviation insurance team. As an Underwriter, you will be responsible for delivering a profitable underwriting service to your aviation clients. Your key tasks would include: underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; ensuring adequate reinsurance acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.
DISCOVER your opportunity
What will your essential responsibilities include?

• Accurately document decisions and correspondence to ensure legal contract certainty, which would be discoverable under legal proceedings. In addition, able to articulate your own, and the company’s rationale in a court of law.
• Respond quickly and clearly to client and broker requests on time sensitive deadlines, requiring appropriate response times.
• Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
• Supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits.
• Reviewing submissions including applications, policy wordings, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account
• Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
• Proactively advising, assisting, servicing, and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
• Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.
• Controlling timely implementation of new and renewed accounts according to quality standards.
• Use technical arithmetic and actuarial derived formulas to calculate appropriate risk premium by considering the risk costs inherent to the aviation sector, reinsurance cessions as well as the underwriting and general administration costs, ensuring profitability.
• Manage the businesses multibillion dollar balance sheet to deliver an above market return on investment year over year. You will be expected to present your business plan strategy and results to senior leadership and investors.
• Operate daily in a highly demanding environment whilst keeping a clear and focused attention to detail. Handling multibillion dollar capital deployment, accurately balancing both risk and return with every underwriting decision.

You will report to the Head of Specialty, Canada.
SHARE your talent
We’re looking for someone who has these abilities and skills:

• Collaborative team player who provides creative solutions and ideas for resolution
• Robust Communication: Excellent verbal and written communication, collaboration, presentation skills, and customer service focus is a must
• Expected to regularly visit and interact with key clients and brokers across Canada including remote locations. Travel is estimated at 30% of the role.
• Bachelor’s Degree (or equivalent)
• Demonstrated ability to build and maintain effective insured and broker contacts.
• Ability to develop and understand business processes, strategy and planning inclusive business plans, budgets, and P&L’s.
• Interpersonal Savvy - Demonstrated ability to build and maintain effective insured and broker contacts
• Moderate years’ experience in aviation insurance, possessing in depth knowledge and skills reflective of a fully competent underwriter.
• Ability to manage and mentor junior underwriters on the Aviation team
• Must have analytical, negotiation and sales/marketing skills. Demonstrate the ability to calculate and retain technical arithmetic including actuarially derived processes.
• Self-starter who is organized and able to work independently as well as collaboratively as needed.

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.

• Robust support for Flexible Working Arrangements
• Signatory to the UK Women in Finance Charter
• Named to the Diversity Best Practices Index
• Enhanced family friendly leave benefits
• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe

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

• 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.
• 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.
• 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.
Flexible Work Eligible
Alternate Location
AXA XL is an Equal Opportunity Employer.
Location
Canada
Job Field
Underwriting
Schedule
Full-time
Job Type
Standard