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Umbrella/Excess Liability Executive Underwriter

Job Level:  Professional
Location: 

San Francisco, CA, US, 94105

Due Date:  As soon as possible
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate & Specialty
Job Type:  Full-Time
Remote Job:  Remote working due to Covid 19
Employment Type:  Permanent
ID:  5407

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:

  • Underwrite profitable new and renewal Umbrella/Excess business to meet national Corporate Accounts Liability metrics.
  • Ownership of casualty accounts/clients including negotiation of new/renewal pricing and terms.
  • Training and development of more junior underwriters where applicable.
  • Referral authority for Liability underwriters.
  • Develop and maintain strong relationships with brokers and Insureds.

 

Responsibilities:

In this role you will…

  • Underwrite Profitable Umbrella/Excess business.
  • Underwrite new and renewal accounts to meet top and bottom line targets.
  • Negotiate pricing and terms and conditions with producers.
  • Proactively manage capacity deployment.
  • Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios for Liability.
  • Underwrite in line with Corporate Accounts Liability 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.
  • Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or producer has issued documentation (where producer responsibility).
  • 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.
  • Contribute to development and execution of national Underwriting strategy for Corporate Accounts Liability.
  • Training, developing and coaching of less experienced staff (including Underwriters).
  • Manage complex referrals from underwriters and re-underwrite complex business as appropriate.
  • Delegate work as appropriate.
  • Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary).
  • Proactively liaise with Market Management & Communications (MMC) on market management initiatives.
  • Positively represent AGCS externally to the market.
  • Proactively drive involvement of functional areas in Underwriting process, including MMC, ARC, Claims, and Operations.
  • Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g., risk managers).

 

To be successful in the role:

You will have…

  • Bachelor Degree, preferably in Economics, Finance, Insurance Management or Business Administration;
  • 10+ years’ experience underwriting profitable Corporate Accounts Liability business;
  • In depth understanding of Corporate Accounts Liability products and portfolio;
  • In depth understanding of regional/local Corporate Accounts Liability insurance markets and competitor landscape;
  • Demonstrable, established relationships with brokers at peer group level and well established within market;
  • Good understanding of legal and regulatory framework;
  • Ability to assess risk inherent exposures and natural hazards relevant to Corporate Accounts Liability business;
  • Analyze current performance against various benchmarks, applying the knowledge of how the market operates and functions, the business needs and customer needs;
  • Design, develop and implement consistent, robust wordings;
  • Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, and cancellation;
  • Ability to analyze highly complex data, from multiple sources, in detail;
  • Proactively identify and resolve issues before they transpire;
  • Ability to express ideas and messages clearly, both written and verbally;
  • Ability to "sell" an improvised or prepared audience winning story;
  • Ability to use general office application tools (e.g., Power Point, Excel, and Word;
  • Ability to persuade and motivate others to act, without executive authority;
  • Ability to work autonomously and manage production work flow; and
  • Willingness to operate in a team environment setting with mutual respect and collaboration.

 

 

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: San Francisco
Nearest Secondary Market: Oakland