Assistant Underwriter, EntertainmentJOB PURPOSE/ROLE
Based in London and working in the Entertainment team, you will proactively support the preparation of the Underwriting process (Preparatory. No authority/Entry Level). You will be expected to develop and maintain peer level relationships with brokers. You will also deliver effective and efficient Underwriting support for internal and external customers. In addition you will proactively liaise with other functions to ensure timely and accurate policy administration.
Assist in underwriting of new and renewal accounts to meet top and bottom line targets
Proactively prepare relevant underwriting information including client / market research and claims data
Assist in evaluation of Natural Catastrophe Accumulation (for relevant LoBs)
Assist in pricing of risks, using global tools as appropriate
Underwriting Approach and Compliance
Provide proactive support to ensure Underwriting compliance in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
Assist in ensuring contract certainty is achieved on all accounts at time of inception
Assist in ensuring binding of FAC Reinsurance prior to policy inception
Policy Documentation and Administration
Proactively establish and maintain policy file (whether electronic or paper) for each risk and transaction handled
Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility)
Support administration of International Insurance Programs (for relevant LoBs)
Proactively support timely and accurate booking of policy premiums and credit control / collection processes
Proactively work with other functions (e.g. operations, credit control) to resolve outstanding accounts queries
Coordinate with Market Management
Proactively develop relationships with internal functional areas involved in Underwriting process, including e.g. MMC, ARC, Claims, Operations
Develop and maintain relationships with brokers at peer level
Preferably a degree in Economics, Law, or other appropriate discipline
Progress towards professional insurance qualification, or a demonstrated interest (e.g. CII)
Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Lines of Business
Pricing and Market management: Analyse 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.
Basic understanding of regional / local Line of Business insurance markets and competitor landscape
Basic understanding of legal and regulatory framework
Communication Skills: clearly and effectively express ideas and messages via presentations/speech or in writing.
Influencing skills: ability to persuade and motivate others to act without direct authority
Analytical skills: ability to effectively absorb information from various sources, then analyze, study or examine data in detail and draw appropriate conclusions
Exposure to / basic understanding of legal and regulatory framework
Exposure to relationship building with brokers
Exposure to/ basic understanding of regional / local LoB insurance markets and competitor landscape
Exposure to working in complex, global matrix organization
AGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs.
At Allianz Global Corporate & Specialty (AGCS) we offer the opportunity to work in a dynamic environment with global challenges at the world’s leading P&C insurer.
Did you know Allianz insures more than half of the Fortune Global 500® companies, or that AGCS insures major movie productions, cyber security threats, and that we are the leading specialist in satellite and space insurance?
We have offices in 29 countries and with our extensive Allianz and partner network we help customers in more than 160 countries worldwide.
At AGCS UK we are not only impressive for our clients, but also for our employees as we offer the following generous benefits:
-Flexible buy/sell holiday options
-Bupa private medical insurance
-Generous pension contributions
-Enhanced paid maternity, paternity, shared parental leave
-Flexible working options
-Subsidized on-site massages
-25% off Allianz Insurance products
-Employee stock purchase plan for Allianz shares
-Education / study sponsorship
-Global mobility within AGCS and the wider Allianz Group
…and many more individual flexible benefits to choose from. We pride ourselves on our approach to wellbeing and provide regular seminars, activities, and events devoted towards the overall health of our employees.
We are looking for talented individuals who are passionate about what they do – come and find out why AGCS is the place for you!
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 85 million private and corporate customers and more than 142,000 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 Global Corporate & Specialty (AGCS) is the Allianz center for corporate and specialist risk, servicing clients worldwide across the whole spectrum of marine, aviation, corporate and industrial insurance.
At Allianz Global Corporate & Specialty we have built a team and a culture that are as innovative as our products, and we continue to grow because we help our employees to do the same. We believe that work should be rewarding, and that good work should be rewarded. We offer opportunity, and expect excellence. And we do this all with high ethical standards and a commitment to our community. If you are ready to grow, and if you want to be rewarded, Allianz Global Corporate Specialty is the place for you. Everyone is welcome to apply, regardless of gender, national origin, ethnicity or possible disability.
More information about careers at Allianz Global Corporate Specialty can be found at http://www.agcs.allianz.com/careers