Senior Underwriter, Energy

**Senior Underwriter - Energy & Construction**

**Let’s care for tomorrow.**

**Your ambitions. Your dreams. Your tomorrow**

At AGCS, 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, Allianz Global Corporate and Specialty (AGCS) has the major risks covered when it comes to protecting businesses.

**Job Purpose / Role**:

- Underwrite profitable new and renewal business to meet LoB targets regionally including global elements.
- Ownership of large accounts / clients including negotiation of participation, pricing and terms and conditions.
- Training and development of team and referral point for underwriters.
- Develop and maintain strong relationships with brokers and clients.
- Specialized technical expertise / lead for at least one sub-LoB.

**Key Responsibilities**:
Underwrite Profitable Business
- Underwrite large new and renewal accounts to meet top and bottom-line targets (regionally including global elements). Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity.
- Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs).
- Specialized technical expertise / lead for at least one sub-LoB.

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 utilisation 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 broker (where AGCS responsibility to do so) or broker has issued documentation (where broker 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.

Underwriting Strategy & Leadership
- Contribute to development and execution of regional Underwriting strategy for LoB regionally Training, developing, and coaching of less experienced staff (including Underwriters).
- Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate.
- Delegate work as appropriate.

Market & Relationship Management
- Proactively support acquisition of new business and retention of existing business for large clients (including client and broker negotiations where necessary).
- Proactively liaise with MMC on market management initiatives.
- Positively represent AGCS externally to the market with key brokers / distribution channels.
- Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations.
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g., risk managers).

**Key Experience / Requirements / Skills**:
Required Experience
- Significant experience in Underwriting profitable business in LoB. Specialized expert understanding of sub-LoB products and portfolio.
- Recognized relationships with brokers at peer group level and well established within market.
- Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements.
- Good understanding of legal and regulatory framework.
- Experience working in complex, global matrix organization.

Technical Skills
- Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB.
- Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings.
- Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.

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.
- Influencing skills: Ability to persuade and motivate others to act, without executive authority.
- Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.

Required Education
- Preferably a degree in Economics, Law, or other appropriate discipline.
- Completion of professional insurance qualification (e.g., CII).

Language
- Fluent in written and spoken English.
- Fluency in second language according to region is an advantage.

**Job Level**:
Professional

**Location**:

- Singapore, SG, 068897**Available until