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15 Oct
2018
Full-Time Underwriter MidCorp
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=C2EBDE1DCF021EE8B2FF06BCF91E5184791 total views, 1 today