Job Description
Allianz Commercial specializes in corporate property insurance and is seeking an Underwriter for their Financial Lines business. The role involves underwriting profitable new and renewal business, negotiating prices and terms, and developing strong relationships with clients and producers.
Responsibilities
- Underwrite Profitable Business: Underwrite new and renewal accounts to meet top and bottom line targets, negotiate terms with key producer partners, manage capacity proactively, evaluate Natural Catastrophe Accumulation, and underwrite International Insurance Programs
- Underwriting Approach and Compliance: Ensure underwriting aligns with LoB governance framework, achieve contract certainty, utilize global pricing tools, and manage FAC Reinsurance placement
- Policy Documentation and Administration: Ensure accurate policy documentation, maintain files for each risk and transaction, and support policy administration and credit control processes
- Market Management: Support acquisition of new business, retention of existing business, and liaise with MMC on market management initiatives
- Relationship Management: Represent AGCS positively in the market, involve functional areas in the underwriting process, and maintain strong relationships with key producers, clients, and stakeholders
Skills
- 1-3 years of experience and a proven track record in underwriting profitable business within Financial Lines (specifically financial institutions), with a robust understanding of LoB products and portfolio
- Basic risk assessment and management skills, with the ability to evaluate natural hazards relevant to LoB
- Good understanding of regional/local insurance markets and competitor landscape
- Analytical skills to analyze complex data, communication and presentation skills, and influencing skills to motivate others
- Bachelor's degree in Economics, Finance, Insurance Management, or Business Administration, with progress towards professional insurance qualifications (e.g., CII)
- Fluent in English, with proficiency in using office applications like PowerPoint, Excel, and Word
- Ability to utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making
Benefits
- Annual performance-based cash incentive awards
- Generous bonus scheme
- Pension
- Private healthcare
- Generous parental leave benefits
Company Overview
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