(Senior) Underwriter, Liability

(Senior) Underwriter, Liability

**(Senior) Underwriter, Liability**

**Let's care for tomorrow**
**Your ambitions. Your dreams. Your tomorrow.**

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.

**Job Purpose/Role**:
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.

**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 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 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 Allianz Commercial 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.

Support Underwriting Strategy & Leadership
- Support development and execution of regional Underwriting strategy for LoB regionally.
- Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control).

Market Management
- Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary).
- Proactively liaise with Distribution Management team on market management initiatives.

Relationship Management
- Positively represent Allianz Commercial externally to the market.
- Proactively drive involvement of functional areas in Underwriting process, including e.g., Distribution Management, Risk Consulting, Claims and Operations.
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders.

**Key Experience / Requirements / Skills**:
Required Experience
- Proven track record in Underwriting profitable business in LoB. Good understanding of LoB products and portfolio.
- Demonstrable, established relationships with brokers at peer group level and established within market.
- Good understanding of regional / local LoB insurance markets and competitor landscape.
- Understanding of legal and regulatory framework.
- Experience working in complex, global matrix organization.

Required Education
- Preferably a degree in Business Management, Actuarial, Insurance/risk management or other appropriate discipline
- Completion of professional insurance qualification (e.g., CII, CGI).

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.

Languages
- Fluent in English. Fluency in any other local language is a plus.

**What's 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 (details vary by location).

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