Financial Lines Underwriter for Growth and Development

hace 3 semanas


Madrid, Madrid, España Xl Group A tiempo completo

**About Xl Group**
Xl Group is a leading global provider of insurance and reinsurance products. As a Financial Lines Underwriter, you will play a key role in our team's success by providing innovative underwriting solutions to clients.

**Job Description**

As a Financial Lines Underwriter, you will be responsible for analyzing and evaluating risk submissions from clients, identifying potential exposures, and developing effective underwriting strategies to manage those risks. Your primary objective will be to ensure that all policies issued are profitable and meet the needs of our clients.

**Key Responsibilities:**

  • Reviewing client submissions, including applications, policy wordings, inspection reports, loss runs, and financial reports to determine the degree of risk associated with each account;
  • Calculating appropriate risk premiums based on sector-specific costs, reinsurance cessions, and underwriting administration costs while ensuring profitability;
  • Providing proactive advice, assistance, and servicing to clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements;
  • Maintaining effective relationships with brokers, clients, and internal functions to initiate opportunities for cross-selling offered products and ensure account retention;
  • Controlling timely implementation of new and renewed accounts according to quality standards;
  • Supporting business planning and forecasting processes; 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.

**Requirements**

We're looking for someone with:

  • Proven experience in underwriting, preferably with a track record of profitable underwriting in Financial Lines business;
  • Good industry knowledge and awareness of factors affecting this market and new trends;
  • Ability to communicate and work effectively in English and Spanish;
  • Understanding of stakeholders' needs and concerns, and ability to identify points of agreement;
  • Efficiently managing interactions with other parties involved;
  • Knowledge and use of selling and negotiation techniques, adapting to customers' situations, needs, and behavior;
  • Analytical thinking, performing fact and data-based analyses of situations or issues;
  • Able to make swift and efficient data-based decisions and maintain focus on goals over time.

**Estimated Salary Range**: €60,000 - €80,000 per annum (dependent on experience) + benefits.
Location: Madrid, Spain.



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