Junior Underwriter, Terrorism and Political

**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**:
Independently prepare underwriting process within own area of responsibility and expertise (has underwriting authority) and liaise with other functions to ensure timely/accurate policy administration. Also develop and maintain peer level relationships with brokers.

**Key Responsibilities**:
Underwriting
- Underwriting of new and renewal accounts to meet top and bottom-line targets within predefined underwriting authority.
- Participates in the acquisition of new business and retention of existing business (including client and broker negotiations where necessary) in line with Underwriting Strategy.
- Proactively prepare relevant underwriting information including client / market research and claims data.
- Assist in evaluation of Natural Catastrophe Accumulation (for relevant LoBs).
- Assist in pricing of risks, using global tools as appropriate.

Underwriting Approach and Compliance
- Ensure Underwriting compliance in line with LoB governance framework - e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules, and Principles.
- Assist in ensuring contract certainty is achieved on all accounts at time of inception.
- Assist in ensuring binding of FAC Reinsurance prior to policy inception.

Policy Documentation and Administration
- Proactively establish and maintain policy file (whether electronic or paper) for each risk and transaction handled.
- Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility).
- Support administration of International Insurance Programs (for relevant LoBs).

Accounts Reconciliations
- Manages timely and accurate booking of policy premiums and credit control / collection processes.
- Proactively work with other functions (e.g., operations, credit control) to resolve outstanding accounts queries.

Market 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 brokers and clients and other relevant stakeholders (e.g., risk managers).

Relationship Management
- Proactively develop relationships with internal functional areas involved in Underwriting process, including e.g., MMC, ARC, Claims, Operations.
- Develop and maintain relationships with brokers at peer level.

**Key Experience / Requirements / Skills**:
Required Experience
- Basic understanding of AGCS LoB products and portfolio.
- Evidence of relationship building with brokers at peer group level.
- Basic understanding of regional / local LoB insurance markets and competitor landscape.
- Basic understanding of legal and regulatory framework.
- Experience working in complex, global matrix organization

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

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 skills: Clearly and effectively express ideas and messages via presentations/speech or in writing.
- Influencing skills: Ability to persuade and motivate others to act without direct authority.
- Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study, or examine data in detail and draw appropriate conclusions.

Languages
- English
- Fluency (able to negotiate) in local language will be 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), including a generous bonus scheme and pension.

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

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