Share this Job

Underwriting Specialist

Job Level:  Professional
Location: 

Los Angeles, CA, US, 90071

Available until:  12/09/2022
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate & Specialty
Employing Entity:  Allianz Global Risks US Insurance Compan
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  15936

AGCS Intro

Whether it’s airplanes, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Global Corporate and Specialty (AGCS) have got the major risks fully covered when it comes to protecting businesses.

 

Job Description:

  • Underwrite profitable new and renewal business to meet LoB targets regionally including global elements
  • Ownership of large accounts / clients including negotiation of participation, pricing and terms and conditions
  • Training and development of team and referral point for underwriters
  • Develop and maintain strong relationships with brokers and clients
  • Specialized technical expertise / lead for at least one sub-LoB

 

Main Responsibilities:

  • 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)
  • Underwriting Approach and Compliance
  • Underwrite in line with LoB 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
  • 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
  • Underwriting Strategy & Leadership
    • Contribute to development and execution of regional Underwriting strategy for LoB regionally
    • Training, developing and coaching of less experienced staff (including Underwriters)
    • Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
    • Delegate work as appropriate

 

Job Requirements:

  • Minimum 5 years experience in Underwriting profitable business in LoB. Specialized expert understanding of sub-LoB products and portfolios
  • At least 5 years of experience developing recognized relationships with brokers at peer group level and well established within market
  • 5+ year sof experience with a specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements
  • Preferably a degree in Economics, Finance, Insurance Mgmt, or Business Administration

 

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.
Great to have you on board. Let's care for tomorrow.
Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.


Nearest Major Market: Los Angeles