Underwriter Trainee

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.

The AXIS E&S Underwriting Trainee Program is designed to prepare the participant for a successful career in the Excess & Surplus Insurance Industry. The program will provide the company with highly trained underwriters, with relevant experience to assume future underwriting positions. Trainees are expected to develop critical underwriting skills, through independent and on-the-job training. Trainees will be expected to observe and work with underwriters, actuaries, and claim representatives to become familiar with the functions of these positions and how they interact and work with each other. The candidates will be required to establish, support, and maintain effective relationships with peers, customers, and brokers. It is anticipated that the Trainee will progress through a Pre-Underwriting & Development process within 90 days, culminating in eligibility for an underwriter position.
Key Duties & Responsibilities:
Responsibilities will include analyses of potential and existing customers by gathering and reviewing information on the companies' financial condition, loss and exposure history, and other relevant inflationary information to determine underwriting acceptability. Duties will also entail assessing economic, climatic trends, or geographic acceptability of the risks and other important criteria that may affect the type of insurance coverage provided and premiums ultimately charged. Under moderate supervision, Trainees will assess risk, and sets rates & coverage levels. To be eligible for an underwriter role, the Trainee will have demonstrated the following:
Pre-Underwriting Training & Development: (6 months)
* Study insurance industry concepts and property insurance basics
* Learn operation of rating system for pricing of accounts
* Understand Axis' financial strength rating and its standing among its peer group
* Fully understand the assigned business unit risk appetite including the type of risks targeted and segments of business that are desirable and those that are not.
* Accurately assign AICS codes to submissions through the study of the unit's underwriting rules and guidelines.
* Develop a working knowledge of the unit's minimum premiums, attachment points and commission levels.
* Review and develop a working knowledge of the unit's forms and basic endorsements.
* Understand how insurance rates are developed and how loss and combined ratios are determined.
* Develop a working knowledge of the underwriting process from initial submission through the life cycle of the customer interaction.
* Understand how information is utilized in underwriting decisions.
* Participate with the unit underwriters to review policies, endorsements and to maintain Broker relationships