Underwriting Specialist - Inland Marine / Property - Remote Possible

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Posted 9 days ago United States Salary undisclosed
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Job Description

Job Purpose/ RoleThe Inland Marine Underwriting specialist will:• Underwrite profitable new and renewal business to meet Inland Marine targets regionally including global elements• Take ownership of large accounts / clients including negotiation of participation, pricing and terms and conditions• Develop and maintain strong relationships with brokers and clients• Provide specialized technical expertise Key Responsibilities• Underwrite profitable businessUnderwrite new and renewal accounts to meet top and bottom line targetsNegotiate price and terms and conditions with producersProactively manage capacity Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)• Underwriting approach and complianceUnderwrite in line with Inland Marine governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and PrinciplesEnsure contract certainty is achieved on all accounts at time of inceptionEnsure utilization of global pricing toolsEnsure placing and binding of FAC Reinsurance prior to policy inception• Policy documentation and administrationEnsure 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 handledProactively support completion of policy administration and credit control processes• Underwriting strategy & leadershipContribute to development and execution of regional Underwriting strategy for Inland Marine regionally• Market managementProactively 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 managementPositively represent AGCS externally to the marketProactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, OperationsDevelop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)Key Requirements/ Skills• Bachelor's Degree preferably in Economics, Finance, Insurance Management or Business Administration• Completion of professional insurance qualification (e.g. CII) preferred• Minimum of 5-7 years of significant experience in Underwriting profitable business in Property or Inland Marine. Specialized expert understanding of sub-Inland Marine products and portfolio• Minimum of 5-7 years of recognized relationships with brokers at peer group level and well established within market• Minimum of 5-7 years specialized understanding of regional / local Inland Marine insurance markets and competitor landscape, including global elements• Minimum of 5-7 years of good understanding of legal and regulatory framework• Minimum of 3-5 years of experience working in complex, global matrix organization• Experienced in risk assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Inland Marine• Experienced in pricing and market management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs• Experienced in contract drafting and Interpretation: Design, develop and implement consistent, robust wordings• Experienced in policy management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation. Additional InformationCompensation 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. About AllianzAllianz 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 or follow us on and LinkedIn.