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Senior Underwriter, Marine, Hull

Job Level:  Professional
Location: 

London, GB, EC3V 0HR

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:  3319

Job Purpose/Role

 

Based in London and reporting directly to the Head of Hull and Liability, you will be expected to underwrite profitable new and renewal business to meet Marine Line of Business targets. You will also be negotiating participation, pricing and terms and conditions.  You will be expected to take ownership of accounts and clients, as well as developing and maintaining relationships with existing and new brokers and clients.                                                                                                                                                                                                                         

Key Responsibilities

In this role you will…

  • Underwrite new and renewal accounts to meet top and bottom line targets
  • Negotiate participation, pricing and terms and conditions with brokers
  • Proactively manage capacity
  • Underwrite and evaluate capacity aggregations including Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios
  • Underwrite in line with Line of Business 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 utilisation 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 broker has issued documentation (where broker 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
  • Proactively support acquisition of new business and retention of existing business  (including client and broker negotiations where necessary)
  • Proactively liaise with Distribution on market management initiatives
  • Positively represent AGCS externally to the market
  • Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
  • Support the development and execution of regional Underwriting strategy for the Line of Business regionally
  • Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
  • Training, developing and coaching of less experienced staff (including Junior Underwriters, Operations and Credit Control)

 

Key Requirements/Skills/Experience

  • You will ideally be CII qualified or equivalent or working towards it.
  • You will have at least 5 years’ experience as an Underwriter, Broker or in Risk Management in the marine sector
  • You will be able to assess risk inherent exposures and natural hazards relevant to the Marine Line of Business
  • You will be able to analyse current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
  • You will have robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
  • You will be able to clearly and effectively express ideas and messages via speech or writing. You will be able to create relationships and communicate clearly at all levels and with a wide range of people
  • You will be able to persuade and motivate others to act, without executive authority

 

At AGCS we offer a range of benefits:

  • A hybrid working model, which recognizes the value in a balance between remote and office based working, giving you the flexibility to organize the way you work
  • An exciting and versatile job with an opportunity to work alongside skilled and specialised colleagues from all over the world
  • An environment where innovation and challenging the status quo is encouraged
  • Wellbeing policies and initiatives to support a positive work life balance
  • A competitive compensation and benefits package including a generous bonus scheme 
  • Continuous learning: a large portfolio of continuous learning opportunities to help you stay relevant in your current role, grow into future roles and meet the demands of the workplace
  • Diverse and inclusive culture: you will be accepted for who you are and empowered to use your voice to help others find theirs

 

 

 

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.

 

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. Worldwide, AGCS operates with its own teams in 31 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2020, AGCS generated a total of €9.3 billion gross premium globally.

In 2020, AGCS announced a new strategy and transformation program called New AGCS which aims to comprehensively transform the company, creating a mutually beneficial relationship with stakeholders. This  is  an  exciting  time  to  join  AGCS  as  we  continue  on  our  journey  of  transformation,  regaining  market  leadership  and  achieving  success  together.  You can grow your career through meaningful work supporting our customers, while learning from expert colleagues.

 

Allianz is an equal opportunity employer and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Diversity of minds is an integral part of Allianz’ company culture.

 

Let’s care for tomorrow.