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Executive Underwriter - Entertainment

Job Level:  Professional
Location: 

Burbank, CA, US, 91504

Due Date:  As soon as possible!
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  696

Job Purpose/Role
Underwrite profitable new and renewal business to meet the Entertainment LoB targets in accordance with underwriting guidelines and underwriting authority Negotiate price and terms and conditions Ownership of key accounts / clients Develop and maintain strong relationships with producers and clients in partnership with Market Management Coach and mentor Underwriters.


Key Responsibilities

Support Underwriting Strategy:

  • Participate in the development and execution of regional Underwriting strategy for Entertainment.
  • Work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross- selling

Relationship 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 producers and clients and other relevant stakeholders (e.g. risk managers)

Underwrite Profitable business

  • Underwrite new and renewal accounts to meet top and bottom line targets
  • Negotiate price and terms and conditions with producers
  • Proactively manage capacity
  • Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe
  • modeling and interpretation of scenarios (for relevant LoBs)

Policy Documentation and Administration

  • Ensure accurate policy documentation issued to producers (where AGCS responsibility to do so) or producers
  • has issued documentation (where producer responsibility)
  • File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and
  • transaction handled
  • Proactively support completion of policy administration and credit control processes

Market Management

  • Proactively support acquisition of new business and retention of existing business (including client and
  • producer negotiations where necessary)
  • Proactively liaise with MMC on market management initiatives

Support Key Business Initiatives/Misc.:

  • Participate / contribute to key projects
  • Training and development of underwriters in Lob, e.g. Associate Underwriters and Underwriters
  • Referral point for other underwriters
  • Participate in cross regional activities as required / requested


Key Requirements/Skills/Experience

  • Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration
  • Proven track record in Underwriting profitable business in Entertainment with 11 plus years' experience (7-10 years)
  • In depth understanding of Entertainment products and portfolio
  • In depth understanding of regional / local Entertainment insurance markets and competitor landscape
  • Demonstrable, established relationships with brokers at peer group level and well established within local market
  • Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to the Entertainment LoB
  • Portfolio Management: Manage the underwriting books. Analyze trends and scenario plans from which
  • portfolio strategies can be developed and implemented.
  • Pricing: Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance
  • Market Management: Apply the knowledge of how the market operates and functions, the business needs and customer needs
  • Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
  • Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally.
  • Ability to "sell" an improvised or prepared audience winning story
  • IT skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word.
  • Influencing skills: Ability to persuade and motivate others to act, without executive authority

 

Compensation is commensurate with skills and experience and includes a comprehensive best in class benefits package.  Any salary or benefits information provided by third party resources such as external job posting websites etc., cannot be deemed reliable.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us. Let’s care for tomorrow.

 

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

 

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

 

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.

 

For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.


Nearest Major Market: Los Angeles