Offers “Allianz”

Expires soon Allianz

SR Property Underwriter

  • Los Angeles (Los Angeles)
  • IT development

Job description

Los Angeles, California
FunctionalArea

Underwriting
ContractType

Full Time
HierarchyLevel

Professional
Posting

55856836
JobID

C2EBDE1DCF021ED8B8BE433EC3F28713
JOB PURPOSE/ROLE

KEY RESPONSIBILITIES

Support Underwriting Strategy
Support development and execution of regional Underwriting strategy for LoB(s)Support Key Business Initiatives
Generate new producer relationships Participate/contribute to key projects
Underwrite Profitable business
Underwrite new and renewal accounts to meet top and bottom line targets
Negotiate price and terms and conditions with producers
Proactively manage capacity
Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)
Underwrite International Insurance Programs (for relevant LoBs)
Underwriting Approach and Compliance
Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
Ensure contract certainty is achieved on all accounts at time of inception
Ensure utilization of global pricing tools
Ensure placing and binding of FAC Reinsurance prior to policy inception
Policy Documentation and Administration
Ensure accurate policy documentation issued to producers (where AGCS responsibility to do so) or producers has issued documentation (where producer responsibility)
File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
Proactively support completion of policy administration and credit control processes
Market Management
Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
Proactively liaise with MMC on market management initiatives
Relationship Management
Positively represent AGCS externally to the market
Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)
KEY REQUIREMENTS/SKILLS/EXPERIENCE

Bachelor Degree: Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration
Minimum 3 to 5 years: Proven track record in Underwriting profitable business in LoB
Minimum 3 to 5 years: In depth understanding of LoB(s) products and portfolio
Minimum 3 to 5 years: In depth understanding of regional / local LoB (s) insurance markets and competitor landscape
Minimum 3 to 5 years: Demonstrable, established relationships with brokers at peer group level and well established within local market
Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB
Portfolio Management: Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented.
Pricing: Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance
Market Management: Apply the knowledge of how the market operates and functions, the business needs and customer needs
Intermediate: Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
Intermediate: Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story
Intermediate: IT skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word.
Intermediate: Influencing skills: Ability to persuade and motivate others to act, without executive authority
ADDITIONAL INFORMATION

REFERENCE CODE:

AGCS-5856827-2


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 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

Make every future a success.
  • Job directory
  • Business directory