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Corporate Accounts Umbrella/Excess Liability Senior Underwriter

Job Level:  Professional
Location: 

San Francisco, CA, US, 94105 Los Angeles, CA, US, 90071

Due Date:  As soon as possible
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Home office due to Covid-19
Employment Type:  Permanent
ID:  645

 

Job Purpose/Role

  • Underwrite profitable new and renewal Umbrella/Excess business to meet national Corporate Accounts Liability metrics;
  • Ownership of casualty accounts/clients including negotiation of new/renewal pricing and terms;
  • Training and development of more junior underwriters where applicable;
  • Referral authority for Liability underwriters;
  • Develop and maintain strong relationships with brokers and Insureds; and
  • Specialized technical expertise.

 

Key Responsibilities

  • Underwrite Profitable Umbrella/Excess business.
  • Underwrite new and renewal accounts to meet top and bottom line targets.
  • Negotiate pricing and terms and conditions with producers.
  • Proactively manage capacity deployment.
  • Underwrite in line with Corporate Accounts Liability governance framework (e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles).
  • Ensure contract certainty is achieved on all accounts at time of inception.
  • Ensure utilization of global pricing tools.
  • Ensure placing and binding of FAC Reinsurance prior to policy inception.
  • Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or producer has issued documentation (where producer responsibility).
  • 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.
  • Contribute to development and execution of national Underwriting strategy for Corporate Accounts Liability.
  • Training, developing and coaching of less experienced staff (including Underwriters).
  • Manage complex referrals from underwriters and re-underwrite complex business as appropriate.
  • Delegate work as appropriate.
  • Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary).
  • Proactively liaise with Market Management & Communications (MMC) on market management initiatives.
  • Positively represent AGCS externally to the market.
  • Proactively drive involvement of functional areas in Underwriting process, including MMC, ARC, Claims, and Operations.
  • Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g., risk managers).

 

Key Requirements/Skills/Experience

  • Bachelor Degree, preferably in Economics, Finance, Insurance Management or Business Administration;
  • Experience in Underwriting profitable Corporate Accounts Liability business;
  • In depth understanding of Corporate Accounts Liability products and portfolio;
  • In depth understanding of regional/local Corporate Accounts Liability insurance markets and competitor landscape;
  • Demonstrable, established relationships with brokers at peer group level and well established within market;
  • Good understanding of legal and regulatory framework;
  • Ability to assess risk inherent exposures and natural hazards relevant to Corporate Accounts Liability business;
  • Analyze current performance against various benchmarks, applying the knowledge of how the market operates and functions, the business needs and customer needs;
  • Design, develop and implement consistent, robust wordings;
  • Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, and cancellation;
  • Ability to analyze highly complex data, from multiple sources, in detail;
  • Proactively identify and resolve issues before they transpire;
  • Ability to express ideas and messages clearly, both written and verbally;
  • Ability to "sell" an improvised or prepared audience winning story;
  • Ability to use general office application tools (e.g., Power Point, Excel, and Word;
  • Ability to persuade and motivate others to act, without executive authority;
  • Ability to work autonomously and manage production work flow; and
  • Willingness to operate in a team environment setting with mutual respect and collaboration.

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: San Francisco
Nearest Secondary Market: Oakland