Senior Underwriter

Senior Underwriter - Property

**Senior Underwriter - Property**

**Let's care for tomorrow.**

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

At Allianz Commercial (AZC), 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, AZC has the major risks covered when it comes to protecting businesses.

**Job Purpose / Role**:

- Underwrite profitable new and renewal business to meet Business targets locally/regionally.
- Negotiation of participation, pricing and terms and conditions on accounts
- Ownership of accounts / clients
- Develop and maintain strong relationships with brokers and clients.
- Collaborate with other functions and/or entities within Allianz to provide a comprehensive insurance solution to 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 and evaluate Natural Catastrophe exposures and accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios.
- Design and execute compliant International Insurance Programs

Underwriting Approach and Compliance
- Underwrite to the governance framework - e.g., Underwriting Authorities, global underwriting standards, guidelines, rules, and principles.
- Achieve contract certainty on all accounts at time of inception.
- Utilise global pricing tools.
- Place and bind FAC Reinsurance prior to policy inception.

Policy Documentation and Administration
- Maintain accurate and comprehensive records and notes for each risk and transaction handled.
- Proactively support completion of policy administration, documentation, and credit control

Underwriting Strategy & Leadership
- Support development and execution of regional Underwriting strategy

Market & Relationship Management
- Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
- Proactively liaise with Distribution Management on sales planning and market management initiatives
- Positively represent Allianz Commercial to the market in external events and meetings.
- Collaborate with all functional areas in the Underwriting process, such as Distribution, Risk Consulting, Claims, Operations and Legal & Compliance
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders such as trade associations or service providers.
- Develop and maintain strong relationships withinAllianz across functions and entities.

**Key Experience / Requirements / Skills**:
Required Experience
- Experience in underwriting profitable business and knowledge of policy wordings and portfolio management techniques would be advantageous.
- Demonstrable, established relationships with brokers at peer group level and established networks within the insurance market.
- Broad knowledge of regional / local insurance markets and competitor landscape.
- General understanding of legal and regulatory framework.
- Experience working in complex, global matrix organization.
- Early career professionals with some prior knowledge and experience working in the insurance sector are welcome to apply.

Technical Skills
- Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards and knowledge of climate change trends particularly in Asia.

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.
- Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
- Sales and Marketing Skills: To present and describe the Allianz value proposition to clients.

Required Education
- Preferably a degree in Engineering, Business Science, Economics, or other appropriate discipline.
- Completion of relevant professional insurance qualifications e.g., CII.

Language
- Fluent in written and spoken English.
- Fluency in an Asian second language is an advantage.

**What is 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.

**Let's care for your opportunities to progress**

From career development and digital learning programmes to international care