Senior Underwriter - Property

Job description

Senior Underwriter – Property

 

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

 

At Allianz Commercial (AZC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, AZC has the major risks covered when it comes to protecting businesses.

 

Job Purpose / Role:

·  Underwrite profitable new and renewal business to meet Business targets locally/regionally.
·  Negotiation of participation, pricing and terms and conditions on accounts
·  Ownership of accounts / clients
·  Develop and maintain strong relationships with brokers and clients.
·  Collaborate with other functions and/or entities within Allianz to provide a comprehensive insurance solution to clients.

 

Key Responsibilities:

 

Underwrite Profitable Business

·  Underwrite new and renewal accounts to meet top and bottom-line targets (local and/or regional).
·  Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity.
·  Underwrite and evaluate Natural Catastrophe exposures and accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios.
·  Design and execute compliant International Insurance Programs

 

Underwriting Approach and Compliance

·  Underwrite to the governance framework - e.g., Underwriting Authorities, global underwriting standards, guidelines, rules, and principles.
·  Achieve contract certainty on all accounts at time of inception.
·  Utilise global pricing tools.
·  Place and bind FAC Reinsurance prior to policy inception.

 

Policy Documentation and Administration

·  Maintain accurate and comprehensive records and notes for each risk and transaction handled.
·  Proactively support completion of policy administration, documentation, and credit control

 

Underwriting Strategy & Leadership

·  Support development and execution of regional Underwriting strategy

 

Market & Relationship Management

·  Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
·  Proactively liaise with Distribution Management on sales planning and market management initiatives
·  Positively represent Allianz Commercial to the market in external events and meetings.
·  Collaborate with all functional areas in the Underwriting process, such as Distribution, Risk Consulting, Claims, Operations and Legal & Compliance
·  Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders such as trade associations or service providers.
·  Develop and maintain strong relationships within Allianz across functions and entities.

 

Key Experience / Requirements / Skills:

 

Required Experience

·  Experience in underwriting profitable business and knowledge of policy wordings and portfolio management techniques would be advantageous.
·  Demonstrable, established relationships with brokers at peer group level and established networks within the insurance market.
·  Broad knowledge of regional / local insurance markets and competitor landscape.
·  General understanding of legal and regulatory framework.
·  Experience working in complex, global matrix organization.
·  Early career professionals with some prior knowledge and experience working in the insurance sector are welcome to apply.

Technical Skills

·  Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards and knowledge of climate change trends particularly in Asia.
·  Pricing and Market management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs.

General Skills

·  Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story.
·  Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
·  Sales and Marketing Skills: To present and describe the Allianz value proposition to clients.

Required Education

·  Preferably a degree in Engineering, Business Science, Economics, or other appropriate discipline.
·  Completion of relevant professional insurance qualifications e.g., CII.

Language

·  Fluent in written and spoken English.
·  Fluency in an Asian second language is an advantage.

 

 

What is in it for you?

Let’s care about everything that makes you, you

 

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

 

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package.

 

Let’s care for your opportunities to progress

From career development and digital learning programmes to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

 

Let’s care for life’s twists and turns

From our support for flexible working, health, and wellbeing (including private healthcare and generous parental leave benefits), to help people returning from career breaks with experience that nothing else can teach. We’ve got your back.

 

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive, and sustainable, we care for the tomorrows of our people, our industry, and our clients.

 

Care to join us?

Allianz Commercial is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.

 

Learn more about Early careers at Allianz Commercial by clicking here

Learn more about careers at Allianz Commercial by clicking here .

Learn more about Allianz Commercial by clicking here .

 

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic. Diversity of thinking is an important part of our culture.

 

People with disabilities:

We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com

 

Recruitment Agencies:

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly.  Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly.