Senior Underwriter - Builder's Risk

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.

Senior Underwriter - Builders Risk

New York, Chicago, Alpharetta, San Francisco, Los Angeles

Hybrid

Position Description

AXIS' US Construction team is seeking an experienced professional to join our team as a Senior Underwriter focusing on Builder's Risk (Project and Master). This role will be at the ground level, helping launch our Builder's Risk expansion into the US market and contributing to delivering our organizational goals.

Candidate Profile

The Sr Underwriter Builders Risk position requires a skilled professional who has excelled in a prominent Commercial Insurance Carrier and specializes in Project and Master Builder Risk Solutions. This role focuses on accounts engaged in large construction risks with varying sizes and complexity. The ideal candidate will possess extensive knowledge in all aspects of underwriting, including portfolio management, submission solicitation, underwriting analysis, and the creation and issuance of indications, quotations, and binders.

In addition to their technical expertise, the Underwriter should have excellent networking abilities and the capacity to establish relationships with retail brokers. The ability to effectively promote insurance products is also a crucial skill. Moreover, the candidate should possess a solid executive presence and excel in communication and influence. They must cultivate strong relationships that benefit AXIS and contribute to long-term strategic goals.

Work Profile

Based in one of our New York, New Jersey, Chicago, San Francisco, or Los Angeles offices, this position provides a hybrid work environment three days a week. Roughly 25% of travel is necessary to meet with brokers and clients and participate in industry and company events.

What will you do in this role?

• Establish themselves as a "go-to" person for builder's risk with brokers and customers through demonstrating expertise in the field.

• Analyze and qualify opportunities based on the organization's appetite and be able to communicate such effectively.

• Underwrite within the underwriting governance framework.

• Negotiate pricing, terms and conditions, and participation on risks that meet appetite and sound underwriting judgment.

• Develop relationships with our broker partners to support desired business retention. Work with our customers and brokers to identify their insurance needs and provide recommendations and possible solutions.

• Proactively be in the market to seek out new business opportunities.

• Manage their portfolio (both new and renewal) in support of the organizational goals.

• Attend industry functions and professional events as a respected member of the AXIS team.

• Conduct partnership or relationship meetings with our brokers and customers to identify areas of success and improvement.

• Work collaboratively with colleagues across the organization to meet our customers' needs.

• May be asked to participate in training or support for lower-level underwriters or underwriting assistants.

About You:

We encourage you to bring your own experience and expertise to the table. While we need you to have some qualifications and experiences, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and helping us achieve our goals.

What you need to have:

• 5+ years of builder's risk underwriting experience focused on accounts with TIV greater than $200 million

• Proven track record delivering profitable results.

• In-depth knowledge of builder's risk, including coverage, pricing, and marketplace dynamics.

• Able to analyze risks and communicate underwriting concepts or position well to audiences of varying experience.

• Able to work autonomously as well as in a team setting.

• Capable of handling time constraints for quoting new and renewal business.

What we prefer you to have:

• Understanding of both admitted and non-admitted / Excess & Surplus underwriting framework.

• Underwriting expertise in large and complex risks.

• Established retail broker relationships in their relative market/territory.

• Creative problem-solving skills.

For this position, we currently expect to offer a base salary in the range of $200k to $220k (NY and CA), $170k to $200k (GA), and $190k to $210k (IL). Your salary offer will be based on an assessment of various factors, including your specific experience and work location.

In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. You will also be eligible for a comprehensive and competitive benefits package that includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

Where this role is based in the United States of America, this role is Exempt for FLSA purposes.