Underwriting Specialist: Financial Lines - Professional Indemnity & Cyber

Allianz Global Corporate & Specialty
  • Job Purpose/ Role

    ##Underwrite profitable new and renewal Professional Indemnity (E&O) and Cyber business to meet Financial Lines targets regionally including global elements~crlf~##Accountable for the profitable management and growth of Professional Indemnity and Cyber business in Canada, including: Construction PI, Architects and Engineers, Single Project PI, Miscellaneous E&O, Professional Indemnity Programs, Technology PI and Cyber~crlf~##Ownership of large accounts / clients including negotiation of participation, pricing and terms and conditions~crlf~##Training and development of team and referral point for underwriters~crlf~##Develop and maintain strong relationships with brokers and clients~crlf~##Specialized Professional Indemnity technical expertise ~crlf~##Work effectively within the global matrix

  • Key Responsibilities

    Underwrite Profitable Business~crlf~##Underwrite new and renewal accounts to meet top and bottom line targets~crlf~##Negotiate price and terms and conditions with producers~crlf~##Proactively manage capacity ~crlf~##Underwrite International Insurance Programs ~crlf~Underwriting Approach and Compliance~crlf~##Underwrite in line with Financial Lines governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles~crlf~##Ensure contract certainty is achieved on all accounts at time of inception~crlf~##Ensure utilization of global pricing tools~crlf~Policy Documentation and Administration~crlf~##Ensure accurate policy documentation issued to producers (where AGCS responsibility to do so) or producers has issued documentation (where producer responsibility)~crlf~##File maintenance – ensure file is established and maintained for each risk and transaction handled~crlf~##Proactively support completion of policy administration and credit control processes~crlf~Underwriting Strategy & Leadership~crlf~##Contribute to development and execution of regional Underwriting strategy for Financial Lines regionally~crlf~##Training, developing and coaching of less experienced staff (including Underwriters)~crlf~##Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate~crlf~##Delegate work as appropriate~crlf~Market Management~crlf~##Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)~crlf~##Proactively liaise with MMC on market management initiatives~crlf~Relationship Management~crlf~##Positively represent AGCS externally to the market~crlf~##Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations~crlf~##Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)

  • Key Requirements/ Skills

    ##Bachelor’s Degree: Preferably degree in Economics, Finance, Insurance Management, or Business Administration ~crlf~##Certification: Completion of professional insurance qualification (e.g. CII)~crlf~##Minimum 5 to 7 years: Significant experience in underwriting profitable business in Professional Indemnity and/or Financial Lines. Specialized expert understanding of Professional Indemnity products and portfolio~crlf~##Minimum 5 to 7 years: Recognized relationships with brokers at peer group level and well established within market~crlf~##Minimum 5 to 7 years: Specialized understanding of regional / local Financial Lines insurance markets and competitor landscape, including global elements~crlf~##Minimum 5 to 7 years: Good understanding of legal and regulatory framework~crlf~##Minimum 3 to 5 years: Experience working in complex, global matrix organization~crlf~##Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Financial Lines~crlf~##Pricing and Market Management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs~crlf~##Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings~crlf~##Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation~crlf~##Advanced Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire~crlf~##Advanced Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally; ability to "sell" an improvised or prepared audience winning story

  • Additional Information

    AGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs.~crlf~~crlf~If you require accommodation at any stage during the recruitment process, upon request, we will work with you to meet your needs.

  • 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 85 million private and corporate customers and more than 142,000 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

##Underwrite profitable new and renewal Professional Indemnity (E&O) and Cyber business to meet Financial Lines targets regionally including global elements~crlf~##Accountable for the profitable management and growth of Professional Indemnity and Cyber business in Canada, including: Construction PI, Architects and Engineers, Single Project PI, Miscellaneous E&O, Professional Indemnity Programs, Technology PI and Cyber~crlf~##Ownership of large accounts / clients including negotiation of participation, pricing and terms and conditions~crlf~##Training and development of team and referral point for underwriters~crlf~##Develop and maintain strong relationships with brokers and clients~crlf~##Specialized Professional Indemnity technical expertise ~crlf~##Work effectively within the global matrix

Key Responsibilities

Underwrite Profitable Business~crlf~##Underwrite new and renewal accounts to meet top and bottom line targets~crlf~##Negotiate price and terms and conditions with producers~crlf~##Proactively manage capacity ~crlf~##Underwrite International Insurance Programs ~crlf~Underwriting Approach and Compliance~crlf~##Underwrite in line with Financial Lines governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles~crlf~##Ensure contract certainty is achieved on all accounts at time of inception~crlf~##Ensure utilization of global pricing tools~crlf~Policy Documentation and Administration~crlf~##Ensure accurate policy documentation issued to producers (where AGCS responsibility to do so) or producers has issued documentation (where producer responsibility)~crlf~##File maintenance – ensure file is established and maintained for each risk and transaction handled~crlf~##Proactively support completion of policy administration and credit control processes~crlf~Underwriting Strategy & Leadership~crlf~##Contribute to development and execution of regional Underwriting strategy for Financial Lines regionally~crlf~##Training, developing and coaching of less experienced staff (including Underwriters)~crlf~##Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate~crlf~##Delegate work as appropriate~crlf~Market Management~crlf~##Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)~crlf~##Proactively liaise with MMC on market management initiatives~crlf~Relationship Management~crlf~##Positively represent AGCS externally to the market~crlf~##Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations~crlf~##Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)

Key Requirements/ Skills

##Bachelor’s Degree: Preferably degree in Economics, Finance, Insurance Management, or Business Administration ~crlf~##Certification: Completion of professional insurance qualification (e.g. CII)~crlf~##Minimum 5 to 7 years: Significant experience in underwriting profitable business in Professional Indemnity and/or Financial Lines. Specialized expert understanding of Professional Indemnity products and portfolio~crlf~##Minimum 5 to 7 years: Recognized relationships with brokers at peer group level and well established within market~crlf~##Minimum 5 to 7 years: Specialized understanding of regional / local Financial Lines insurance markets and competitor landscape, including global elements~crlf~##Minimum 5 to 7 years: Good understanding of legal and regulatory framework~crlf~##Minimum 3 to 5 years: Experience working in complex, global matrix organization~crlf~##Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Financial Lines~crlf~##Pricing and Market Management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs~crlf~##Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings~crlf~##Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation~crlf~##Advanced Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire~crlf~##Advanced Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally; ability to "sell" an improvised or prepared audience winning story

Additional Information

AGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs.~crlf~~crlf~If you require accommodation at any stage during the recruitment process, upon request, we will work with you to meet your needs.

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 85 million private and corporate customers and more than 142,000 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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