Executive Underwriter Engineering

Allianz Global Corporate & Specialty - Toronto, ON (30+ days ago)

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JOB PURPOSE/ROLE

Underwrite profitable new and renewal business to meet LoB(s) targets in accordance with underwriting guidelines and underwriting authority

Negotiate price and terms and conditions

Training and development of team and referral point for senior underwriters

Develop and maintain strong relationships with producers and clients in partnership with Market Management

Ownership of large / key accounts and clients including negotiation of participation, pricing and terms and conditions

Work effectively within the global matrix

KEY RESPONSIBILITIES

Underwriting Strategy & Leadership

Contribute to development and execution of regional Underwriting strategy for LoB regionally

Training, developing and coaching of experienced staff (including Senior Underwriters)

Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate

Delegate work as appropriate

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. Underwrite International Insurance Programs (for relevant LoBs)

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)

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

Support Key Business Initiatives/Misc.

Participate / contribute to key projects

Training and development of Underwriters in LoB, e.g. Associate Underwriters and Underwriters

Referral point for other underwriters

Participate in cross regional activities as required / requested

KEY REQUIREMENTS/SKILLS/EXPERIENCE

Bachelor Degree: Preferably degree in Economics, Finance, Insurance Management, or Business Administration

Proven track record in underwriting profitable business in LoB with greater than 7 years of experience

In depth understanding of LoB(s) products and portfolio

In depth understanding of regional / local LoB (s) insurance markets and competitor landscape

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

Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire

Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally; ability to "sell" an improvised or prepared audience winning story

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.

If you require accommodation at any stage during the recruitment process, upon request, we will work with you to meet your needs.

Reference Code

AGCS-7056915-2

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 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 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 http://www.agcs.allianz.com/careers