Underwriter, Cargo

2 days left

Allianz Global Corporate & Specialty (AGCS)
26 Aug 2017
23 Sep 2017
Contract Type
Based in London and reporting directly to the Regional Head of Marine, you will be expected to underwrite profitable new and renewal business to meet Marine Line of Business targets. You will also be negotiating participation, pricing and terms and conditions. You will be expected to take ownership of accounts and clients, as well as developing and maintaining relationships with existing and new brokers and clients.

•Underwrite new and renewal accounts to meet top and bottom line targets
•Negotiate participation, pricing and terms and conditions with brokers
•Proactively manage capacity
•Underwrite and evaluate capacity aggregations including Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios
•Underwrite in line with Line of Business 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
•Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker 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
•Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
•Proactively liaise with MMC on market management initiatives
•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 brokers and clients and other relevant stakeholders (e.g. risk managers)
•Training, developing and coaching of less experienced staff (including Junior Underwriters, Operations and Credit Control)

•Ideally CII qualified or equivalent or working towards it
•At least 5 years' experience as an Underwriter, Broker or in Risk Management in the marine sector
•Risk Assessment and Management: ability to assess risk inherent exposures and natural hazards relevant to the Marine Line of Business
•Pricing and Market management: 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
•Communication skills: clearly and effectively express ideas and messages via speech or writing. Ability to create relationships and communicate clearly at all levels and with a wide range of people
•Influencing skills: ability to persuade and motivate others to act, without executive authority
•Analytical Skills: ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions
•Knowledge of aggregation tools would be a bonus