Underwriter, Marine

Job Purpose/Role

• Develop a new marine book of business across Greater China
• Underwrite profitable book of business
• Negotiation of participation, pricing and terms and conditions
• Ownership of accounts / clients
• Develop and maintain relationships with brokers and clients

Key Responsibilities

• Underwrite accounts to meet top and bottom line targets
• Negotiate participation, pricing and terms and conditions with brokers
• Proactively manage capacity
• Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe
• modelling and interpretation of scenarios (for relevant LoBs)
• Underwriting Approach and Compliance
• Ensure contract certainty is achieved on all accounts at time of inception
• Ensure utilization of global pricing tools
• Ensure accurate policy 
• 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 broker negotiations where necessary)
• Proactively liaise on market management initiatives

Relationship Management

• Positively represent Allianz Commercial externally to the market
• Proactively drive involvement of functional areas in Underwriting process
• Operations Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders 

Key Requirements/Skills/Experience

Required Experience:

• Proven track record in Underwriting profitable business in Marine.
•  Understanding of Marine products and portfolio
• Demonstrable, established relationships with brokers at peer group level
• Good understanding of regional  insurance markets and competitor landscape
• Understanding of legal and regulatory framework
• Experience working in complex, global matrix organization

Required Education:

• Preferably a degree 
• Progress towards professional insurance qualification (e.g. CII)

Technical Skills:

• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB
• Pricing and Market management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
• Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.

General skills:

• Communication skills: Clearly and effectively express ideas and messages via speech or writing.
• Influencing skills: Ability to persuade and motivate others to act, without executive authority
• Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions.
• Languages: English, Mandarin and Cantonese

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. 
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.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Join us. Let's care for tomorrow.