KEY EXPERIENCE / REQUIREMENTS / SKILLS:

Required Experience

• Basic understanding of Construction, Power and Green Energy Line of Business.
• Evidence of relationship building with brokers at peer group level.
• Basic understanding of regional / local LoB insurance markets and competitor landscape.
• Basic understanding of legal and regulatory framework.
• Experience working in complex, global matrix organization.

Required Education

• Preferably a degree in Engineering or other appropriate discipline.
• Progress towards professional insurance qualification (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.

General Skills

• Communication Skills: Clearly and effectively express ideas and messages via presentations/speech or in writing.
• Influencing Skills: Ability to persuade and motivate others to act without direct 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.

76009 | Underwriting | Professional | PG07 | Allianz Commercial | Full-Time | Permanen

JOB PURPOSE/ROLE:

This role is based in Singapore. You are responsible for independently preparing underwriting processes within own area of responsibility and expertise. You will liaise with other functions to ensure timely/accurate policy administration as well as develop and maintain strong relationships with brokers and clients.

KEY RESPONSIBILITIES:

Underwriting

• Underwriting of new and renewal accounts to meet top and bottom-line targets within predefined underwriting authority for the Natural Resources& Construction Line of Business, with specific focus on Construction, Power, and Green Energy businesses.
• Participates in the acquisition of new business and retention of existing business (including client and broker negotiations where necessary) in line with Underwriting Strategy.
• Proactively prepare relevant underwriting information including client / market research and claims data.
• Assist in evaluation of Natural Catastrophe Accumulation (for relevant LoBs).
• Assist in pricing of risks, using global tools as appropriate.

Underwriting Approach and Compliance

• Ensure Underwriting compliance in line with LoB governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles.
• Assist in ensuring contract certainty is achieved on all accounts at time of inception.
• Assist in ensuring binding of FAC Reinsurance prior to policy inception.

Policy Documentation and Administration

• Proactively establish and maintain policy file (whether electronic or paper) for each risk and transaction handled.
• Ensure accurate policy documentation issued to broker (where Allianz’s responsibility to do so) or broker has issued documentation (where broker responsibility).
• Support administration of Multinational Programs (for relevant LoBs).

Accounts Reconciliations

• Manages timely and accurate booking of policy premiums and credit control / collection processes.
• Proactively work with other functions (e.g. operations, credit control) to resolve outstanding accounts queries.

Market Management

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

Relationship Management

• Positively represent Allianz Commercial externally to the market.
• Proactively develop relationships with internal functional areas involved in Underwriting process, including e.g. Distribution Management, Risk Consulting, Claims and Operations.
• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders.