(Senior) Underwriter, Liability

<p>(Senior) Underwriter, Liability</p> <p> </p> <p>Let’s care for tomorrow<br/> Your ambitions. Your dreams. Your tomorrow.</p> <p>Allianz Commercial is the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it is aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, we have the major risks covered when it comes to protecting businesses.</p> <p> </p> <p>Job Purpose/Role:</p> <p>In this role, you are responsible for underwriting profitable new and renewal business to meet the Liability Line of Business (LoB) targets locally/regionally. You are also responsible for negotiation of participation, pricing, and terms and conditions. You will take ownership of accounts/clients, develop and maintain strong relationships with brokers and clients.</p> <p> </p> <p>Key Responsibilities:</p> <p><u>Underwrite Profitable Business</u></p> <ul> <li>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.</li> <li>Underwrite International Insurance Programs (for relevant LoBs).</li> </ul> <p><u>Underwriting Approach and Compliance</u></p> <ul> <li>Underwrite in line with LoB governance framework - e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules, and Principles.</li> <li>Ensure contract certainty is achieved on all accounts at time of inception.</li> <li>Ensure utilisation of global pricing tools.</li> <li>Ensure placing and binding of FAC Reinsurance prior to policy inception.</li> </ul> <p><u>Policy Documentation and Administration</u></p> <ul> <li>Ensure accurate policy documentation issued to broker (where Allianz Commercial responsibility to do so) or broker has issued documentation (where broker responsibility).</li> <li>File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled.</li> <li>Proactively support completion of policy administration and credit control processes.</li> </ul> <p><u>Support Underwriting Strategy &amp; Leadership</u></p> <ul> <li>Support development and execution of regional Underwriting strategy for LoB regionally.</li> <li>Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control).</li> </ul> <p><u>Market Management</u></p> <ul> <li>Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary).</li> <li>Proactively liaise with Distribution Management team on market management initiatives.</li> </ul> <p><u>Relationship Management</u></p> <ul> <li>Positively represent Allianz Commercial externally to the market.</li> <li>Proactively drive involvement of functional areas in Underwriting process, including e.g., Distribution Management, Risk Consulting, Claims and Operations.</li> <li>Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders.</li> </ul> <p> </p> <p>Key Experience / Requirements / Skills:</p> <p><u>Required Experience</u></p> <ul> <li>Proven track record in Underwriting profitable business in LoB. Good understanding of LoB products and portfolio.</li> <li>Demonstrable, established relationships with brokers at peer group level and established within market.</li> <li>Good understanding of regional / local LoB insurance markets and competitor landscape.</li> <li>Understanding of legal and regulatory framework.</li> <li>Experience working in complex, global matrix organization.</li> </ul> <p><u>Required Education</u></p> <ul> <li>Preferably a degree in Business Management, Actuarial, Insurance/risk management or other appropriate discipline</li> <li>Completion of professional insurance qualification (e.g., CII, CGI).</li> </ul> <p><u>Technical Skills</u></p> <ul> <li>Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB.</li> <li>Pricing and Market Management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs.</li> <li>Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings.</li> <li>Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.</li> </ul> <p><u>General Skills</u></p> <ul> <li>Communication &amp; Presentation: Ability to express ideas and messages clearly, both written and verbally.  Ability to "sell" an improvised or prepared audience winning story.</li> <li>Influencing skills: Ability to persuade and motivate others to act, without executive authority.</li> <li>Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues bef