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Senior Underwriter - Alternative Risk Transfer

Job Level:  Management
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:  702


 

Job Purpose/Role

  • Implement global strategy for ART sub-LoB;
  • Subject Matter Expert responsible for ART sub-LoB global underwriting results including market management and underwriting;
  • Develop cross sell opportunities with AGCS;
  • Develop innovative and complex solutions in a rapidly changing environment; and
  • Professional thought leader in risk transfer solutions.

 

Key Responsibilities

  • Develop and execute global ART strategy for sub-LoB Underwriting and Business Development to drive profitable growth.
  • Identify market opportunities, including potential target markets, segments and clients.
  • Develop and implement strategic, global market management tools.
  • Develop and implement global guidelines for improved underwriting efficiency and accuracy.
  • Management responsibility for sub-Lob underwriting results.
  • Lead new product development opportunities in ART.
  • Interface into Allianz group products (leverage strong Allianz brand).
  • Positively represent ART internally within the AGCS and Allianz Group, and externally to the market.
  • Proactively build long term relationships with key client and broker contacts.
  • Proactively develop relationships with other functions, particularly those within policy life cycle, including Underwriting, ARC, Claims, and Operations.
  • 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.

 

Key Requirements/Skills/Experience

  • 5 + years of "alternative" market experience;
  • 5 + years of client facing experience with evidence of building and fostering relationships;
  • Strong recognition with external global players and clients in the insurance markets;
  • Extensive global markets exposure;
  • Proven track record as lead underwriter with comprehensive quantitative skills;
  • Transactional expertise in negotiating, structuring and executing complex insurance and other financial transactions;
  • 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;
  • Ability to independently structure and model deals;
  • Ability to utilize experience to implement best practices in channel management;
  • Ability to develop innovative solutions in a rapidly changing environment;
  • Ability to communicate strategies to address market trends or changes in the business environment;
  • Ability to develop and positively influence key, strategic position holders across locations and functions;
  • In depth knowledge of how own discipline contributes to ART and AGCS and excellent understanding of commercial environment;
  • Ability to express ideas and messages clearly, both written and verbally;
  • Skilled negotiation internally and externally at senior levels; and
  • University degree/professional designation in one or more of the following areas: Actuarial, Insurance,
  • Underwriting, Finance or Legal.

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. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

 

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.

 

For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.
 


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