Senior Underwriting Analyst - Chicago

Allianz Global Corporate & Specialty
  • Job Purpose/ Role

    Provide underwriting technical support to the MidCorp Package and Small Business team. Act as the technical referral point for line of business (LoB). Responsible for creating underwriting guidelines, wordings, and training in coordination with the Product Line Leaders in MidCorp. When necessary, coordinate with other LoB leaders when their products are needed by Middle Market Package underwriters.

  • Key Responsibilities

    ##Support development of global LoB strategy, underwriting policy and all other relevant issues concerning LoB.~crlf~##Participate in the development and execution of underwriting strategy for LoB. ~crlf~##Work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cros-selling.~crlf~##Serve as technical expert for underwriters and Global Practice leaders by providing formal and informal training, coaching and mentoring underwriters to ensure technical skills advance to levels appropriate for MidCorp business. ~crlf~##Determining the training plan.~crlf~##Represent LoB/underwriting as SME and in respect to global (IT) systems and processes.~crlf~##Develop, define and coordinate global processes (e.g., referral flow).~crlf~##Ensure that underwriters underwrite in line with LoB governance framework.~crlf~##Reset underwriting authorities where needed. ~crlf~##Create and update underwriting guidelines, rules and principles for each class of business currently written by the MidCorp Package and Small Business Team.~crlf~##Ensure accurate policy documentation issued to producer (where AGCS responsibility to do so) or producer has issued documentation (where producer responsibility).~crlf~##Ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled.~crlf~##Proactively support completion of policy administration and credit control processes. ~crlf~##Audit underwriter files to ensure compliance and evaluate underwriting strengths and weaknesses of underwriters.~crlf~##Represent AGCS internally in the group, and externally to customers, the industry, and other organizations.~crlf~##Drive involvement of functional areas in process coordination including Market Management, Operations, and Actuarial.~crlf~##Actively support LoB specific projects and task forces.

  • Key Requirements/ Skills

    ##Significant experience in underwriting management and/or organization and/or processes management;~crlf~##Understanding of relevant technical and financial analysis of industrial underwriting cases or equivalent;~crlf~##Successful track record of leadership of direct teams or complex matrix environments;~crlf~##Experience working internationally;~crlf~##Ability to assess risk inherent exposures and (natural) hazards relevant to Property;~crlf~##Manage the underwriting books, monitor appropriate investments and allocate funds accordingly; ~crlf~##Analyze trends and scenario plans;~crlf~##Design, develop and implement consistent, robust contract wordings;~crlf~##Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance;~crlf~##Ability to analyze highly complex data, from multiple sources, in detail; ~crlf~##Identify and resolve issues before they transpire;~crlf~##Ability to develop, implement and communicate strategies to address important trends or changes in the business;~crlf~##Ability to express ideas and messages clearly, both written and verbally;~crlf~##Ability to "sell" an improvised or prepared audience winning story;~crlf~##Ability to negotiate best position for AGCS, and client, often in contentious situations, managing conflicting priorities of various parties;~crlf~##Advanced knowledge in Excel and Database applications; and~crlf~##Degree in Business Administration/Mathematics/Statistics/Finance and/or Actuarial background.

  • About Allianz

    Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

    Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

    Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~

Job Purpose/ Role

Provide underwriting technical support to the MidCorp Package and Small Business team. Act as the technical referral point for line of business (LoB). Responsible for creating underwriting guidelines, wordings, and training in coordination with the Product Line Leaders in MidCorp. When necessary, coordinate with other LoB leaders when their products are needed by Middle Market Package underwriters.

Key Responsibilities

##Support development of global LoB strategy, underwriting policy and all other relevant issues concerning LoB.~crlf~##Participate in the development and execution of underwriting strategy for LoB. ~crlf~##Work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cros-selling.~crlf~##Serve as technical expert for underwriters and Global Practice leaders by providing formal and informal training, coaching and mentoring underwriters to ensure technical skills advance to levels appropriate for MidCorp business. ~crlf~##Determining the training plan.~crlf~##Represent LoB/underwriting as SME and in respect to global (IT) systems and processes.~crlf~##Develop, define and coordinate global processes (e.g., referral flow).~crlf~##Ensure that underwriters underwrite in line with LoB governance framework.~crlf~##Reset underwriting authorities where needed. ~crlf~##Create and update underwriting guidelines, rules and principles for each class of business currently written by the MidCorp Package and Small Business Team.~crlf~##Ensure accurate policy documentation issued to producer (where AGCS responsibility to do so) or producer has issued documentation (where producer responsibility).~crlf~##Ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled.~crlf~##Proactively support completion of policy administration and credit control processes. ~crlf~##Audit underwriter files to ensure compliance and evaluate underwriting strengths and weaknesses of underwriters.~crlf~##Represent AGCS internally in the group, and externally to customers, the industry, and other organizations.~crlf~##Drive involvement of functional areas in process coordination including Market Management, Operations, and Actuarial.~crlf~##Actively support LoB specific projects and task forces.

Key Requirements/ Skills

##Significant experience in underwriting management and/or organization and/or processes management;~crlf~##Understanding of relevant technical and financial analysis of industrial underwriting cases or equivalent;~crlf~##Successful track record of leadership of direct teams or complex matrix environments;~crlf~##Experience working internationally;~crlf~##Ability to assess risk inherent exposures and (natural) hazards relevant to Property;~crlf~##Manage the underwriting books, monitor appropriate investments and allocate funds accordingly; ~crlf~##Analyze trends and scenario plans;~crlf~##Design, develop and implement consistent, robust contract wordings;~crlf~##Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance;~crlf~##Ability to analyze highly complex data, from multiple sources, in detail; ~crlf~##Identify and resolve issues before they transpire;~crlf~##Ability to develop, implement and communicate strategies to address important trends or changes in the business;~crlf~##Ability to express ideas and messages clearly, both written and verbally;~crlf~##Ability to "sell" an improvised or prepared audience winning story;~crlf~##Ability to negotiate best position for AGCS, and client, often in contentious situations, managing conflicting priorities of various parties;~crlf~##Advanced knowledge in Excel and Database applications; and~crlf~##Degree in Business Administration/Mathematics/Statistics/Finance and/or Actuarial background.

About Allianz

Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~


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