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Product Development Market Manager and Underwriter II

Job Level:  Professional
Location: 

New York, NY, US, 10005

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:  4135

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 Purpose:

The management of a portfolio of Global Captive Fronting accounts.  Act as the Subject Matter Expert for Captive fronted business and the key relationship point of contact for clients and brokers.  You will provide technical advice with respect to Captive Fronted program structures and design to the AGCS Product Lines, as well as develop new business initiatives in conjunction with Market Management.

 

Responsibilities:

In this role you will…

  • Develop new business in conjunction with market management and the lines of business.
  • Adhere to corporate compliance standards and requirements for credit risk, legal documentation, credit enhancements, deal sign off procedures, sanctions compliance and licensing requirements.
  • Promote and market the ART value proposition for fronting and structured underwriting to the market and internally within the AGCS and Allianz Group.                                                                                                       
  • Build strong relationships with key client and broker contacts.
  • Develop relationships with AGCS Lines of Business and the Multinational Unit.
  • Develop and maintain a current and comprehensive client and industry segment insight.
  • Deliver relevant market and competitor insight to the business.
  • Develop, implement and broadcast operational measurements, KPIs and SLAs to measure, steer and improve business globally and locally.
  • Manage a portfolio of Global Captive Multinational Structured Fronting accounts.
  • Overall responsibility for the management of the credit exposures, governance and compliance of the portfolio.
  • Deliver on agreed upon service standards, negotiate fees, and ensure account profitability and client relationship management.   

 

To be successful in the role:

You will have….

  • A minimum of 7 years’ expertise in negotiating, structuring and executing complex Fronting and Multinational programs;
  • Client relationship management experience up to C suite level;
  • 3+ years’ experience in a Line of Business or Risk Management role;
  • In-depth understanding of the Captive concept, the rationale for them, their use and the nature of their operations;
  • Broad-based knowledge of the major lines of business;
  • Ability to define segmentation and client differentiation strategies;
  • Ability to define clear value proposition;
  • Ability to implement tools and methodologies to develop market, competitor, and client insight;
  • In-depth knowledge of large risks and specialty risk insurance;
  • Ability to implement best practices in channel management;
  • Experience applying the knowledge of how the market operates and functions, as well as understanding the business needs and customer needs;
  • Ability to develop innovative solutions in changing environments;
  • Ability to communicate strategies to address market trends or changes in the business environment;
  • Positively influence key, strategic position holders across locations and functions;
  • Build and maintain strong relationships with clients, brokers, peers;
  • Ability to express ideas and messages clearly, both written and verbally;
  • Skilled at communicating both internally and externally at senior levels; and
  • University degree in one or more of the following areas:  Actuarial, Insurance, Underwriting, Finance or Legal.

Here are a few reasons why you should join AGCS:

  • 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 specialized colleagues from all over the world
  • An environment where innovation and challenging the status quo is encouraged
  • Wellbeing policies/initiatives to support a positive work life balance
  • A competitive compensation and benefits package including generous bonus scheme 
  • 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 where 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.


Nearest Major Market: Manhattan
Nearest Secondary Market: New York City