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Head of Marine Canada

Job Level:  Management
Location: 

Toronto, ON, CA, M5H3P5

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:  7638

 

 

Role Purpose:

  • Develop and execute the local strategy and proactively support the development of the global strategy for Inland as well as Ocean Marine.
  • Manage all local LoB portfolio to ensure the successful achievement of the global AGCS LoB targets
  • Manage all local LoB UW staff
  • Develop and maintain strong relationships with brokers and clients

 

Key Responsibilities:

 

Lead and Manage Underwriting Team

  • Lead and manage local team, including direct reports and matrix management of functional reports
  • Manage cost center budget within plan

 

Underwriting Strategy

  • Develop and execute local UW strategy for line of business
  • Support the development of global Underwriting LoB strategy, in line with AGCS CUO
  • Support the development of cross LoB regional strategy, in line with R&M and Regional CEO

 

Steering and Controlling

  • Steer and control local line of business portfolio to drive achievement of financial targets (e.g. full combined ratio)
  • Drive underwriting planning process and monitor adherence to plan, taking corrective action as necessary
  • Proactively liaising with functional areas to review performance of end to end Underwriting life cycle

 

Underwriting Approach and Compliance

  • Ensure underwriting consistency and underwriting discipline and adherence to all corporate guidelines and authority levels, including Rules and Principles, Underwriting Authorities, corporate governance rules, and local regulatory framework
  • Referral / case Underwriting of key clients as required

 

Product Development

  • Proactively support development and implementation of new and modified products
  • Proactively support development and implementation of pricing tools
  • Maintain executive contacts and accompany the Underwriting of all core or strategic accounts

 

Market & Relationship Management

  • Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
  • Coordinate with local MMC to drive successful execution of strategic plan
  • Communicate local LoB strategy externally
  • Positively represent AGCS internally within the Allianz Group, and externally to the market
  • Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations

 

Required Skills:

  • Master’s Degree, preferably in Economics, Law, or other appropriate discipline
  • 7-10 years of experience and recognized relationship building with brokers at peer group level and well established within local market
  • Expert understanding of legal and regulatory framework
  • Significant experience in leadership and development of direct teams internationally and within complex global matrix environments
  • Analyze current performance against benchmarks applying 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, cancellation.

 

Compensation is commensurate with skills and experience and includes a comprehensive best in class benefits package.  Any salary or benefits information provided by third party resources such as external job posting websites etc., cannot be deemed reliable.

 

 

 

 

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. Join us. Let’s care for tomorrow.

 

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.

 

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.