Job Purpose/Role

This role is based in Singpaore. You will be responsible for underwriting profitable new and renewal business to meet Line of Business (LoB) targets. Duties include negotiating participation, pricing, and terms and conditions, as well as taking ownership of accounts and clients. You will also develop and maintain relationships with brokers and clients.

Key Responsibilities

Underwrite Profitable Business

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 Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (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 utilisation 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 broker (where Allianz Commercial 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.

Market Management

Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
Proactively liaise with Distribution Management on market management initiatives

Relationship Management

Positively represent Allianz Commercial externally to the market.
Proactively drive involvement of functional areas in Underwriting process, including e.g. Distribution Management , ARC, Claims, Operations.
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers).

Key Experience / Requirements / Skills

Required Experience & Education

Proven track record in Underwriting profitable business in LoB. 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.
Preferably a degree in Economics, Law, or other appropriate discipline
Progress towards professional insurance qualifcation (e.g. CII)

Technical Skills

Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB.
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.
The ability to utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making is valuable.

General Skills

Communication skills: Clearly and effectively express ideas and messages via speech or writing.
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.

Languages

Fluent in English. Fluency in any other local language is a plus.

91926 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

What's in it for you

Let's Care About Everything That Makes You, You

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let's care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let's care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let's care for life's twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let's care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.

People With Disabilities

We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email [HIDDEN TEXT]

Recruitment Agencies:

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.

Underwriter, Marine Cargo