Associate Graduate Underwriter Financial Lines (part-time)

Job description

Los Angeles, California
FunctionalArea

Underwriting
ContractType

Full Time
HierarchyLevel

Graduate
Posting

58109755
JobID

C2EBDE1DCF021EEB98A2CE6B9C941A9A
JOB PURPOSE/ROLE

KEY RESPONSIBILITIES

Underwriting Support
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)
Accounts Reconciliations
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
Market Management
Coordinate with Market Management
Relationship 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

KEY REQUIREMENTS/SKILLS/EXPERIENCE

Bachelor Degree: Preferably a degree in Economics, Law, or other appropriate discipline
Trade Qualification: Progress towards professional insurance qualification (e.g. CII)
Minimum 1 to 3 years: Exposure to / basic understanding of LoB products and portfolio
Ideal experience, though not required: Exposure to relationship building with brokers
Exposure to/ basic understanding of regional / local LoB insurance markets and competitor landscape
Exposure to / basic understanding of legal and regulatory framework
Ideal experience, though not required: Exposure to 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
Basic Communication skills: Clearly and effectively express ideas and messages via presentations/speech or in writing
Basic Influencing skills: Ability to persuade and motivate others to act without direct authority

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-8109752-2


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 100 million private and corporate customers and more than 147,000 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.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.


Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.
Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world's largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.


Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.
For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.