Underwriting Practice Leader - Marine
New York, New York
Employer: Allianz
Industry: Underwriting
Salary: Competitive
Job type: Full-Time
If you are a current AzC employee and wish to refer a candidate for this role, please click here for instructions and eligibility criteria Cluster: Allianz Professional Let's care for tomorrow. Your ambitions. Your dreams. Your tomorrow At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it's aircraft, satellites, the world's biggest ships and tallest building, cyber-attacks, or climate change impacts, AzC has the major risks covered when it comes to protecting businesses.
We are looking for an Underwriting Practice Leader for our Marine line of business. This position will be remote and we would prefer candidates reside in New York or in one of the Northeast United States. Your Team The Global Technical Office Team houses Allianz Commercial (AzC) chief underwriting office, comprised of an ocean cargo, inland marine, and hull line of business. We're one of the market leaders for marine insurance. Would you like to join a highly successful team that has grown the marine business in the current market and produced strong financial results?
The Impact You Will Have Reporting to the Global Product Leader - Cargo, the Underwriting Practice Leader is responsible for the underwriting results in defined line of business for the Region; including setting underwriting authority, managing underwriters in a matrix environment, providing underwriting direction and support, as well acting as referral manager for business that exceeds local underwriting authority.
Some of your specific responsibilities could include:
What You'll Bring to the Role -
Nearest Major Market: Manhattan Nearest Secondary Market: New York City
We are looking for an Underwriting Practice Leader for our Marine line of business. This position will be remote and we would prefer candidates reside in New York or in one of the Northeast United States. Your Team The Global Technical Office Team houses Allianz Commercial (AzC) chief underwriting office, comprised of an ocean cargo, inland marine, and hull line of business. We're one of the market leaders for marine insurance. Would you like to join a highly successful team that has grown the marine business in the current market and produced strong financial results?
The Impact You Will Have Reporting to the Global Product Leader - Cargo, the Underwriting Practice Leader is responsible for the underwriting results in defined line of business for the Region; including setting underwriting authority, managing underwriters in a matrix environment, providing underwriting direction and support, as well acting as referral manager for business that exceeds local underwriting authority.
Some of your specific responsibilities could include:
- Research information on competitive trends, product line trends, producer trends and external environment, including legal, economic, demographic and distribution trends. Recommend new and revised products and programs, underwriting standards and procedures, and provide guidance on pricing within the regions. Monitor product result and develops proposals to maximize profitability, including the review of claims/large losses/trends.
- Monitor a consistent underwriting governance framework for the LoB. Drive implementation of underwriting guidelines, rules and principles, conditions, pricing tools and best practice processes and standards. Complete business reviews to ensure quality of execution of local underwriting.
- Review and support referrals within area of expertise that exceed regional underwriting authority. Identify, develop and implement underwriting policy, procedural and program changes in accordance with the underwriting strategies and regulatory environment. Ensure appropriate training programs are implemented and maintained to develop the level of underwriting expertise needed.
- Proactively manage and steer NatCat exposure (in liaison with CAT Risk Management and NCCSD). Compilation of AzC global portfolio data for reinsurance purchase and exposure modelling. Proactively manage underwriting treaty portfolio (in liaison with Reinsurance).
- Qualitative analysis, management of LoB portfolio incl. profitability analysis (e. g. trades, distribution channels etc.) and KPI reporting. Monitor market performance and accumulation control. Build up and maintain data pool
What You'll Bring to the Role -
- A minimum 7 years' significant experience in underwriting profitable business in Marine. Specialized expert understanding of multiple sub-LoB products and portfolio. Demonstrable, established 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. Experience working in complex, global matrix organization.
- Preferably a bachelor's degree in Risk Management, Insurance, Business Administration, Finance or Economics. Completion of a professional insurance qualification.
- Knowledge of the insurance industry, intermediary operations, insurance laws and general business operations.
- Well versed in the technical knowledge of multiple inland marine products such as construction, transportation, miscellaneous coverages, and property (i.e., builder's risk, contractor's equipment, motortruck cargo, physical damage, mono line property for small to medium risks, and scheduled property floaters).
- Comprehensive knowledge of competition and marketing conditions. Knowledge of AzC and competitor marketing, sales, and UW strategies for assigned LoB.
- Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire. Ability to develop, implement and communicate strategies to address important trends or changes in the business. Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story. Portfolio Management including analysis of actuarial tables, trend analysis, CAT aggregates, etc.
Nearest Major Market: Manhattan Nearest Secondary Market: New York City
Created: 2024-10-02
Reference: 57296
Country: United States
State: New York
City: New York
ZIP: 10036
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