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Executive Underwriter - Property

Job Level:  Professional
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:  8177

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.

 

Would like to join our adventure as an Executive Underwriter – Property, based in our Toronto office?

Reporting directly to the Head of Property – Canada, and as a member of a strong team, you will participate in the development and execution of the Regional underwriting strategy for Property.

 

Responsibilities:

 

In this role you will…

  • Support Underwriting Strategy
    • Participate in the development and execution of regional Underwriting strategy for Property                                                               
    • Work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross- selling 
  • 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)
    • Underwrite International Insurance Programs (for relevant LoBs)
  • Relationship Management
    • Positively represent AGCS externally to the market
    • Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
    • Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)
  • 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
  • Market Management                                                                                                                                                                         
    • Proactively liaise with MMC on market management initiatives
    • Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary
  • Support Key Business Initiatives/Misc.:
  • Participate / contribute to key projects
    • Training and development of underwriters in Property, e.g.  Associate Underwriters and Underwriters   
    • Referral point for other underwriters
    • Participate in cross regional activities as required / requested                                       

To be successful in the role:

 

You will have….

 

  • Bachelor Degree: Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration
  • Certification: Completion of professional insurance qualification (e.g. CII)
  • Minimum 7 to 10 years: Proven track record in Underwriting profitable business in Property with 11 plus years' experience
  • Minimum 7 to 10 years: In depth understanding of Property products and portfolio
  • Minimum 7 to 10 years: In depth understanding of regional / local Property insurance markets and competitor landscape
  • Minimum 7 to 10 years: Demonstrable, established relationships with brokers at peer group level and well established within local market
  • Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Property
  • Portfolio Management: Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented.
  • Pricing: Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance
  • Market Management: Apply the knowledge of how the market operates and functions, the business needs and customer needs
  • Advanced: Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
  • Advanced: Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally.  Ability to "sell" an improvised or prepared audience winning story
  •                                                             

The benefits of joining 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 specialised 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 
  • Continuous learning: 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: 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.