Full-Time Multinational Underwriter
Job Description
Job Purpose/Role
- Underwrite profitable new and renewal business to meet LoB(s) targets in accordance with underwriting guidelines and underwriting authority
- Central resource for International underwriting (LOE and SOE business). Support the acquisition and develop the business with Multinational exposures with a specific emphasis on US cross border business
- Negotiate price and terms and conditions
- Develop and maintain strong relationships with producers and clients in partnership with Market Management
- Work effectively within the global matrix
Key Responsibilities
- Support development and execution of regional Underwriting strategy for LoB(s)
- Generate new producer relationships specifically producers focused on Multinational business
- Participate/contribute to key projects; Support the development of the Multinational strategy and execute on the Multinational value proposition specifically business with cross border and US needs
- Underwrite new and renewal accounts to meet top and bottom line targets; Central resource for International Underwriting (LOE and SOE business). Dedicated to underwriting international exposures with a specific expertise in US underwriting.
- Expert in admitted paper, international exposures and local country regulatory requirements, with a specific emphasis on US. US Midcorp underwriting experience essential.
- Negotiate price and terms and conditions with producers
- Proactively manage capacity; Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)
- Underwrite in line with LoB governance framework – e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
- Ensure contract certainty is achieved on all accounts at time of inception
- Ensure utilization of global pricing tools; Familiarity with Allianz cat management and pricing in the US
- Ensure placing and binding of FAC Reinsurance prior to policy inception
- Ensure accurate policy documentation issued to producers (where AGCS responsibility to do so) or producers has issued documentation (where producer responsibility)
- File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
- Proactively support completion of policy administration and credit control processes
- Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
- Proactively liaise with MMC on market management initiatives; Support the acquisition and develop the business with Multinational exposures with a specific emphasis on US cross border business
- Positively represent AGCS externally to the market including a specific emphasis on Multinational business and cross border capability
- Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
- Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)
Key Requirements/Skills/Experience
- Bachelor Degree: Preferably degree in Economics, Finance, Insurance Management, or Business Administration
- Certification: CIP
- Minimum 1 to 3 years: Proven track record in underwriting profitable business in LoB with 1 to 3 years’ experience
- In depth understanding of LoB(s) products and portfolio
- In depth understanding of regional / local LoB (s) insurance markets and competitor landscape
- Demonstrable, established relationships with brokers at peer group level and well established within local market
- US cross border underwriting experience
- Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB
- Portfolio Management: Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented.
- Pricing: Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance
- Market Management: Apply the knowledge of how the market operates and functions, the business needs and customer needs
- Intermediate Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail;
- identify and resolve issues before they transpire.
- Intermediate Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to “sell” an improvised or prepared audience winning story
- Basic IT skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word.
Additional Information
If you require accommodation at any stage during the recruitment process, upon request, we will work with you to meet your needs.
Reference Code
AGCS-5325746-2
Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.
Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.
Allianz Global Corporate & Specialty (AGCS) is the Allianz Group’s dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment,
Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).
Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the ‘Fortune Global 500’ companies, writing a total of €7.6 billion gross premium worldwide.
AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.
More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers
AGCS
Toronto
How to Apply
denise.rae@agcs.allianz.com599 total views, 1 today
