Executive Underwriter - Toronto, Canada - Allianz Commercial

Description

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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 Executive Underwriter - Energy & Construction. This role will be a hybrid schedule and based in our Toronto office.


Your Team
Allianc Commercial Canada has been a strong player in the insurance market for many years. Today, we have a rowing workforce - more than 125 people strong - and an expanding book of business.

Through our three offices in Toronto, Vancouver, and Montreal we are a trusted industrial insurer for many of the major companies in Canada, backed by the strong capital and capacity you would expect from the Allianz Group.

As industrial specialists, Allianz Commercial (AzC) has a long-standing tradition of supporting the energy & construction industry.

We are committed to best serve our partners and clients in the Energy & Construction area by offering customized solutions from initial construction through to the operational phase.

The Impact You Will Have

Reporting to the Head of Energy and Construction Canada, this position will take prime responsibility for underwriting profitable new and renewal business to meet the Energy & Construction line of business targets in accordance with underwriting guidelines and underwriting authority.

In addition, negotiate pricing, and terms and conditions, own accounts/clients, while developing and maintaining strong relationships with producers and clients in partnership with Market Management.

Also, coaching and mentoring underwriters.


Some of your specific responsibilities could include:

• Participate in the development and execution of regional Underwriting strategy for LoB(s). Work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross-selling
• Underwrite new and renewal accounts to meet top and bottomline targets. Negotiate price and terms and conditions with producers. Proactively manage capacity. Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs)
• Positively represent AzC 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 producers and clients and other relevant stakeholders (e.g., risk managers)
• Ensure accurate policy documentation issued to producers (where AzC responsibility to do so) or producers has issued documentation (where producer 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 producer negotiations where necessary). Proactively liaise with MMC on market management initiatives
• Participate/contribute to key projects. Training and development of underwriters in Lob, e.g., Associate Underwriters and Underwriters. Referral point for other underwriters. Participate in cross regional activities as require/requested.

What You'll Bring to the Role

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• Minimum 7 years' proven track record in Underwriting profitable energy & construction insurance business. In depth understanding of it's products and portfolio, understanding of regional/local insurance markets, with demonstrable established relationships with brokers at peer group level and well established within the local market.
• Preferably a bachelor's degree Insurance, Risk Management, Finance, Economics, or Business Administration with completion of a professional insurance qualification.
• Ability to assess risk inherent exposures and natural hazards relevant to LoB.
• Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented.

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 compens