Underwriter MidCorp
Allianz Global Corporate & Specialty
Montreal
7d ago

JOB PURPOSE / ROLE

Underwrite profitable new and renewal business to meet LoB targets in accordance with underwriting guidelines and underwriting authority

  • Negotiate price and terms and conditions
  • Ownership of key accounts / clients
  • Develop and maintain strong relationships with producers and clients in partnership with Market Management
  • Work effectively within the global matrix
  • KEY RESPONSIBILITIES

    Underwrite Profitable Business

  • Underwrite new and renewal accounts to meet top and bottom line targets
  • Negotiate price and terms and conditions with key producer partners
  • 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)
  • Underwriting Approach and Compliance

  • Underwrite in line with LoB 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
  • 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 support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
  • Proactively liaise with MMC on market management initiatives
  • 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)
  • KEY REQUIREMENTS / SKILLS / EXPERIENCE

    Bachelor Degree : Preferably degree in Economics, Finance, Insurance Management, or Business Administration

  • Trade Qualification : Progress towards professional insurance qualification (e.g. CII)
  • Minimum 1 to 3 years : Proven track record in underwriting profitable business in LoB; solid understanding of LoB products and portfolio
  • Demonstrable, established relationships with brokers at peer group level
  • Good understanding of regional / local LoB insurance markets and competitor landscape
  • Understanding of legal and regulatory framework
  • Experience working in complex, global matrix organization
  • Risk Assessment and Management : Ability to assess risk inherent exposures and natural hazards relevant to LoB
  • 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
  • Analytical Skills : Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
  • Communication & Presentation : Ability to express ideas and messages clearly, both written and verbally; ability to "sell" an improvised or prepared audience winning story
  • IT skills (Office applications) : Use general office application tools e.g. Power Point, Excel, Word
  • ADDITIONAL INFORMATION

    AGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs.

    If you require accommodation at any stage during the recruitment process, upon request, we will work with you to meet your needs.

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