Associate Graduate Underwriter - Financial Lines

Job description

JOB PURPOSE/ROLE

Proactively support the preparation of the Underwriting process. Deliver effective and efficient underwriting support for internal and external customers. Proactively liaise with other functions to ensure timely and accurate policy administration. Develop and maintain peer level relationships with producers.

KEY RESPONSIBILITIES

Assist in underwriting 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 Liability business.

Assist in pricing of risks, using global tools as appropriate.

Provide proactive support to ensure Underwriting compliance in line with Liability 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.

Proactively establish and maintain policy file (whether electronic or paper) for each risk and transaction handled.

Ensure accurate policy documentation issued to producer (where AGCS responsibility to do so) or producers has issued documentation (where producer responsibility.

Proactively support timely and accurate booking of policy premiums and credit control/ collection processes.

Proactively work with other functions (e.g., operations and credit control) to resolve outstanding accounts queries.

Proactively support acquisition of new business and retention of existing business.

Proactively liaise with MMC on market management initiatives.

Proactively develop relationships with internal functional areas involved in Underwriting process, including MMC, ARC, Claims, and Operations.

Develop and maintain relationships with producers at peer level.

KEY REQUIREMENTS/SKILLS/EXPERIENCE

Use general office application tools (e.g., Power Point, Excel, and Word);

Evidence of relationship building with brokers at peer group level;

Basic understanding of regional/local Liability insurance markets and competitor landscape;

Basic understanding of Liability products and portfolio;

Ability to assess risk inherent exposures and natural hazards relevant to Liability business;

Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance;

Robust understanding of policy administration life cycle, including information collection, policy issuance, premium bookings, credit control, and cancellation.

Apply the knowledge of how the market operates and functions, the business needs and customer needs;

Strong written and verbal communications skills;

Effectively express and display thoughts and ideas visually, using various tools;

Ability to persuade and motivate others to act, without executive authority;

Ability to effectively absorb information from various sources, analyze and examine data in detail, and draw appropriate conclusions; and

Degree in Economics, Law, or other appropriate discipline preferred.

ADDITIONAL INFORMATION

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.

Reference Code

AGCS-4080673-3

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