Underwriting Practice Leader - Inland Marine

Company: Disability Solutions
Location: New York
Posted on: October 25, 2024

Job Description:

If you are a current AzC employee and wish to refer a candidate for this role, please click 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 a n Underwriting Practice Leader for our Inland 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 inland 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 Inland 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. The annualized base pay range for this role is $102,375 to $224,550. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several factors, including the scope, complexity and location of the role, the skills, education, training, credentials, and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards. 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 (AzC) is a global corporate insurance carrier and part 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. Learn more about us by clicking . Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic. Diversity of thinking is an important part of our company culture. Recruitment Agencies: AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC 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. #LI-NG1 #LI-Remote Nearest Major Market: Manhattan Nearest Secondary Market: New York City

Keywords: Disability Solutions, East Brunswick , Underwriting Practice Leader - Inland Marine, Other , New York, New Jersey