What are the responsibilities and job description for the Underwriting Specialist - Programs position at Allianz Global Corporate & Specialty?
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 Underwriting Specialist – Programs, based in Alpharetta?
Reporting directly to the Regional MidCorp Programs Leader, and as a member of a strong team, you will manage MGU/MGA partners to underwrite profitable new and renewal business to meet MidCorp Programs targets.
Role Purpose:
- Ownership of and responsible for growth and profitability of assigned programs.
- Manage MGU/MGA partners to underwrite profitable new and/or renewal business to meet MidCorp Programs targets regionally
- Ownership of referral process for large accounts / clients including negotiation of pricing and terms and conditions
- Training and development of MGU/MGA partners and other team members
- Develop and maintain strong relationships with MGU/MGA partners, brokers and clients
- Technical expert in MidCorp Programs business products
Responsibilities:
In this role you will…
Underwrite Profitable Business
Underwrite Profitable Business
- Manage MGU/MGA partners to underwrite new and/or renewal accounts to meet top and bottom line targets
- Negotiate price, terms and conditions with MGU/MGA partners and producers
- Proactively develop and manage program Guidelines and ensure compliance by MGU/MGA partners
- Proactively evaluate, underwrite and manage capacity and Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios
Policy Documentation and Administration
- Ensure MGA/MGU partner file maintenance and documentation is established (whether electronic or paper), maintained for each risk and transaction handled according to program Guidelines
- Proactively and collaboratively support the underwriting Quality Audit process
Underwriting Strategy & Leadership
- Contribute to development and execution of regional Underwriting strategy for LoB regionally
- Training, developing and coaching of less experienced staff (including Underwriters and MGU/MGA partners)
- Delegate work as appropriate
Market Management
- Proactively develop relationships with MGU/MGA partners, brokers and agents in pursuit of new business acquisition and retention of existing business.
- Engage in all levels of account negotiations with brokers and client or new business and renewals.
Relationship Management
Required Skills:
- Positively represent AGCS externally to the market
- Proactively drive involvement of functional areas in Underwriting process, including e.g. Market Management, ARC, Claims, Operations
- Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)
Required Skills:
- Bachelor Degree: Preferably degree in Economics, Finance, Insurance Management, or Business Administration
- Trade Qualification: Completion of professional insurance qualification (e.g. CII)
- Minimum 5 to 7 years of significant experience in Underwriting profitable business in MidCorp Programs; specialized expert understanding of sub-LoB products and portfolio
- Recognized relationships with brokers at peer group level and well established within market
- Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements
- Good understanding of legal and regulatory framework
- Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB
- Pricing and Market mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
- Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings
- Policy Management Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation
- 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 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
- 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 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.
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