Senior Underwriter

Hong Kong
Permanent
Full-time

1 day ago

Whatever your strengths,we bring out the best in you.Allianz is a leading global provider of comprehensive insurance and financial solutions for individuals and businesses in over 70 countries. Our continued success can be attributed to having talented and committed people, each of whom anticipates and prompts positive change and development in our organization.We, Allianz Global Corporate & Specialty SE Hong Kong Branch, Are Now Seeking a Talented And Highly-motivated Individual To Join Our Organization AsSenior Underwriter – PropertyJob Purpose/Role

Underwrite profitable new and renewal business to meet LoB targets locally/regionally
Negotiation of participation, pricing and terms and conditions
Ownership of accounts / clients
Develop and maintain strong relationships with brokers and clients

Future Challenges

Effective working within the global matrix

Key ResponsibilitiesUnderwrite Profitable business

Underwrite new and renewal accounts to meet top and bottom line targets (local and/or regional).
Negotiate participation, pricing & terms, and conditions with brokers. Proactively manage capacity.
Underwrite and evaluate Natural Catastrophe Risk and Accumulation, ensuring an understanding of catastrophe modelling 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 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 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

Support Underwriting Strategy & Leadership

Support development and execution of regional Underwriting strategy for LoB regionally
Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control)
Manage standard referrals from underwriters and spokes and re-underwrite complex business as appropriate
Delegate work as appropriate

Distribution Management

Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
Proactively liaise with DM 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 brokers and clients and other relevant stakeholders (e.g. risk managers)

Key Requirements/Skills/ExperienceType of Experience:

Proven track record in Underwriting profitable business in Property, in Hong Kong, Macau and Taiwan
Demonstrated international underwriting experience (e.g. IIP) and good understanding of LoB products and portfolio
Demonstrable, established relationships with brokers at peer group level and established within market
Good understanding of regional / local LoB insurance markets and competitor landscape
Understanding of legal and regulatory frameworks in the region
Experience working in a complex, global matrix organization, alongside local and regional colleagues
5-10 Years' experience in Corporate Property Underwriting

Technical Skills

Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB
Pricing and Market mgt: 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.

General Skills

Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story
Influencing skills: Ability to persuade and motivate others to act, without executive authority
Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire
Language English, Cantonese and/or Mandarin also preferred

Education/Certification

Degree or above in related discipline
Completion of professional insurance qualification (e.g. CII or ANZIIF)

A competitive remuneration and benefits package will be offered. Please send your application, with details of current and expected salary, to: Human Resources Division, Allianz Global Corporate & Specialty SE Hong Kong Branch at [email redacted, apply via Company website].Personal data collected will be used for recruitment purpose only.80834 | Underwriting | Professional | Allianz Commercial | Full-Time | PermanentWhat’s in it for you?Let’s Care About Everything That Makes You, YouWe 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 wellbeingWe 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 progressFrom career development and digitallearning 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 turnsFrom 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. – Please do not include this paragraph for South AfricaLet’s care for our society and our planetWith 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 hereAt 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.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.All applications applied through our system will be delivered directly to the advertiser and privacy of personal data of the applicant will be ensured with security.

CTgoodjobs

Apply Now