Underwriting Manager - Financial Lines

47424 | Underwriting | Management | Non-Executive | Allianz UK | Full-Time | Permanent

Who we are

Allianz is a global insurance company serving across 70 different countries, but from the very first day you join our team you’ll know that your contributions are valued. We offer world class learning and career development opportunities, while we celebrate an inclusive culture.

Role Description

Our Financial Lines continues to profitably grow at pace and we’re seeking an Underwriting Manager to join the team on our journey. The purpose of this role is to contribute towards delivery of Key Performance Indicators (KPIs) through the monitoring of the account performance, control of underwriting standards, business development activity and ensuring that business written is done so in a technically excellent manner, adhering to underwriting authority and standards.

This position will be based in Bristol, Maidstone or Manchester, and involves some travel between the 3 offices, on a hybrid working model (typically minimum 3 days a week in the office or with brokers). 

Role Details:

• As the custodian of the technical underwriting performance for Financial Lines across the branch, you will enable the local team to successfully deliver the Commercial strategy for profitable growth through appropriate deployment of our underwriting capacity.
• Proactively build long-term, sustainable business relationships with branch colleagues and externally with brokers in order to engender customer loyalty and achieve profitable growth in line with our Commercial ambition.
• Embrace leadership values and, demonstrate consistently high standards of behaviour across all elements of the role
• Build authentic internal relationships and promote knowledge sharing across Allianz UK plc and across the Allianz group.
• As an emotionally intelligent leader, lead and embed business change.

About You

Key Accountabilities:

• Monitors the performance of accounts and lines of business within Financial Lines, identifying under and over performance, implementing remedial and opportunity actions as appropriate.
• Delivers KPI targets across complex cases/portfolios worked upon to deliver the high level line of business strategies and understands Account Management principles and the impact of portfolio changes or individual cases on the account.
• Adheres to Underwriting Authority and understands the impact portfolio or case decisions have on Profit and Loss and the achievement of plan.
• Makes important Commercial business decisions when they are required to support profitable development of supplier relationships, supporting the distribution segmentation strategy and delivery of plan. Provides support to stakeholders on business development activities.
• Undertakes and reports on Underwriting Inspections (where required), account control and quality review programmes.
• Produces Technical training material and is experienced in training, mentoring and coaching. In conjunction with Subject Matter Experts, organises and leads Technical training. Participates in assessment, design and delivering of technical training as required.
• Liaises with all other appropriate internal parties including Sales and Distribution, Pricing, Claims and Operations and represents Allianz at internal and external forums.

Technical Skills

• An in-depth understanding of the make-up of policy wordings, clauses and non-standard covers available and their implications with an ability to convey that understanding.
• Able to identify cover and hazards influencing the acceptance, pricing or terms applicable to a risk and apply risk management techniques and appropriate underwriting rules to ensure sufficient breadth of risks is available to Allianz.
• Understanding of the skills and tools required for effective Underwriting and has the ability to use these key skills to underwrite risks profitably.
• Understands causes and costs of claims and can apply appropriate risk management tools to mitigate loss.
• In-depth understanding of relevant legislation and its application by Line of Business.
• Demonstrates an understanding of Underwriting skills required to actively contribute to segmentation and product development activities.
• Understanding of Treaty and facultative reinsurance programmes and how facultative reinsurance can be used to widen risk acceptance or control exposure.
• Ability to interpret statistical data, including identification of trends, influences and anomalies on a case-by-case and local account basis.
• Full working knowledge of Microsoft Word, Excel, and Outlook.
• High level Underwriting Authority in Line of Business achieved or being worked towards.

Experience

• Experience of Underwriting Financial Lines (including speciality such as PI, D&O, PA and XOL)
• Experience of working within a general insurer environment with responsibility for top and bottom line performance of a portfolio or suite of portfolios.
• Supervisory/management/team leadership experience.
• Strong record of delivery against challenging objectives.
• Proven ability to understand key underwriting concepts and principles.

What We Will Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

• Flexible buy/sell holiday options
• Hybrid working.
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet
• Retail discounts

Our Ways of Working

Do you need some flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. 

Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Our Purpose and Values

We secure your future

Be Brave | With Heart | Everyone Counts | Inspiring Trust

Our purpose and values are more than just words on a website - they are the why and how of Allianz. They influence everything we do and guide us how to do it. Created by our people, for our people, they shape our culture, bring us together, and inspire us to be the best. Building an inclusive culture for us all to succeed.

Diversity & Inclusion

At Allianz, we value diversity and inclusion and back this up with our accreditations. Allianz is EDGE certified for gender inclusion, members of the Women in Finance Charter, members of the Stonewall Diversity Champion programme, signatories of Business in the Community’s Race at Work Charter, and an Armed Forces Covenant gold standard employer.

We have a range of employee networks focusing on gender inclusion, cultural diversity, LGBTQIA+, disability and long term health conditions (including neurodiversity), intergenerational and life stages, parents and carers, mental wellbeing, menopause support and armed forces and veterans, all supporting you to bring your best and authentic self to work.

Join us - Let’s Care for Tomorrow.