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15 Oct 2018

Full-Time Underwriter MidCorp

Allianz Global Corporate & Specialty – Posted by draeherrera Montréal, Québec, Canada

Job Description

Role Purpose:

  • Underwrite profitable new and renewal business to meet LoB targets in accordance with underwriting guidelines and underwriting authority
  • Negotiate price and terms and conditions
  • Ownership of key accounts / clients
  • Develop and maintain strong relationships with producers and clients in partnership with Market Management
  • Work effectively within the global matrix

 

Key Responsibilities:

Underwrite Profitable Business

  • Underwrite new and renewal accounts to meet top and bottom line targets
  • Negotiate price and terms and conditions with key producer partners
  • Proactively manage capacity
  • Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)
  • Underwrite International Insurance Programs (for relevant LoBs)

Underwriting Approach and Compliance

  • 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
  • Ensure placing and binding of FAC Reinsurance prior to policy inception

Policy Documentation and Administration

  • 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

Market Management

  • 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

Relationship Management

  • Positively represent AGCS externally to the market
  • 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)

 

Required Skills:

  • Bachelor Degree: Preferably degree in Economics, Finance, Insurance Management, or Business Administration
  • Trade Qualification: Progress towards professional insurance qualification (e.g. CII)
  • Minimum 1 to 3 years: Proven track record in underwriting profitable business in LoB; solid understanding of LoB products and portfolio
  • Demonstrable, established relationships with brokers at peer group level
  • Good understanding of regional / local LoB insurance markets and competitor landscape
  • Understanding of legal and regulatory framework
  • Experience working in complex, global matrix organization
  • 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
  • Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
  • Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally; ability to “sell” an improvised or prepared audience winning story
  • IT skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word

How to Apply

https://jobs.allianz.com/sap/bc/bsp/sap/zhcmx_erc_ui_ex/?title=Underwriter-MidCorp&jobId=C2EBDE1DCF021EE8B2FF06BCF91E5184

Job Categories: Underwriting. Job Types: Full-Time.

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