Junior Underwriter, Motorsports

Job description

London, London
FunctionalArea

Underwriting
ContractType

Full Time
HierarchyLevel

Professional
Posting

55809348
JobID

C2EBDE1DCF021EE8B3903646DC895211
JOB PURPOSE/ROLE

KEY RESPONSIBILITIES

Independently prepares the underwriting process within own area of responsibility and expertise and liaises with other functions to ensure timely/accurate policy administration
Develops and maintains peer level relationships with brokers
Underwrites new and renewal accounts to meet top and bottom line targets within predefined underwriting authority
Participates in the acquisition of new business and retention of existing business (including client and broker negotiations where necessary) in line with Underwriting Strategy
Proactively prepares relevant underwriting information including client / market research and claims data
Assists in pricing of risks, using global tools as appropriate
Ensures underwriting compliance in line with the Motorsports framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
Assists in ensuring contract certainty is achieved on all accounts at time of inception
Assists in ensuring binding of FAC Reinsurance prior to policy inception
Proactively establishes and maintains policy file (whether electronic or paper) for each risk and transaction handled
Ensures accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility)
Supports administration of International Insurance Programs
Manages timely and accurate booking of policy premiums and credit control / collection processes
Proactively works with other functions (e.g. operations, credit control) to resolve outstanding accounts queries
Positively represents AGCS externally to the market
Proactively drives involvement of functional areas in Underwriting process, including MMC, ARC, Claims, and Operations
Develops and maintains strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Proactively develops relationships with internal functional areas involved in the Underwriting process
Develops and maintains relationships with brokers at peer level
KEY REQUIREMENTS/SKILLS/EXPERIENCE

Solid educational background; degree preferred
Progress towards professional insurance qualification (e.g. CII) would be appreciated
A first solid experience in an administrative role, preferably in the insurance sector
Able to express ideas and messages clearly and effectively via presentations/speech or in writing
Methodical approach and an eye for detail
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.

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
-Sabbaticals
-Flexible working options
-Subsidized on-site massages
-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!
REFERENCE CODE:

AGCS-UK-5809347-E


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 88 million private and corporate customers and more than 140,000 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 is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.


Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).


Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.

AGCS SE is rated AA by Standard & Poor's and A+ by A.M. Best.

More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers