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15 Oct 2018

Full-Time Underwriting Specialist, Programs – MidCorp Construction

Allianz Global Corporate & Specialty – Posted by draeherrera –  Toronto, Ontario, Canada

Job Description

Role Purpose:

  • Underwrite profitable new and renewal business to meet LoB targets regionally including global elements
  • Segment Main Focus Mid-size Constructions Business: COC, Contractors Equipment, Inland Transportation, amongst others
  • Ownership of Programs related to Segment Main Focus, large accounts / clients including negotiation of participation, pricing and terms and conditions
  • Training and development of team and referral point for underwriters
  • Develop and maintain strong relationships with brokers and clients
  • Specialized technical expertise / lead for at least one sub-LoB
  • 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 producers
  • 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

Underwriting Strategy & Leadership

  • Contribute to development and execution of regional Underwriting strategy for LoB regionally
  • Training, developing and coaching of less experienced staff (including Underwriters)
  • Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
  • Delegate work as appropriate

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: Completion of professional insurance qualification (e.g. CII)
  • Minimum 5 to 7 years: Significant experience in underwriting profitable business in LoB. Specialized expert understanding of sub-LoB products and portfolio
  • Recognized relationships with brokers at peer group level and well established within market
  • Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements
  • Good 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
  • Pricing and Market Management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
  • Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings
  • Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
  • Advanced Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
  • Advanced Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to “sell” an improvised or prepared audience winning story
  • Intermediate 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=Underwriting-Specialist%2c-Programs---Mid-Size-Construction&jobId=C2EBDE1DCF021EE8AF9BEA6DA8C9427D

Job Categories: Special Risk. Job Types: Full-Time.

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