Senior Underwriter, Natural Resources & Construction at Allianz Global Corporate & Specialty SE

Singapore, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

03 Jan, 26

Salary

0.0

Posted On

05 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Natural Resources, Construction, Risk Assessment, Pricing, Contract Drafting, Policy Management, Communication, Influencing, Analytical Skills, Artificial Intelligence, Machine Learning, Downstream Energy, Upstream Energy, Market Management, Relationship Management

Industry

Financial Services

Description

We are looking for a Senior Underwriter – Natural Resources & Construction, based in Singapore. Your Team You will work in a seasoned team of highly experienced and motivated Underwriters who takes ownership of top key accounts and clients, skillfully navigating through complex negotiations to ensure optimal participation, pricing, and terms and conditions. The Impact You Will Have Reporting to the Regional Head of Natural Resources & Construction, Asia Pacific of Allianz Commercial, you’ll bring your established relationships with brokers and insureds to successfully underwrite profitable new and renewal business fitting within the Natural Resources & Construction team’s risk appetite. Your Responsibilities Would Include Underwriting Profitable Business Underwrite large new and renewal accounts to meet top and bottom-line targets regionally. 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. Underwrite International Insurance Program. Specialized technical expertise / lead for Downstream Energy with working knowledge in Upstream Energy. 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 it’s Allianz Commercial’s responsibility to do so) or broker has issued documentation (where it’s broker’s responsibility). File maintenance – ensure file is established and maintained for each risk and transaction handled. Proactively support completion of policy administration and credit control processes. Underwriting Strategy Contribute to development and execution of regional Underwriting strategy. Training, developing, and coaching of less experienced staff (including Underwriters). Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate. Market & Relationship Management Proactively support acquisition of new business and retention of existing business for large clients (including client and broker negotiations where necessary). Proactively liaise with Distribution team on market management initiatives. Positively represent Allianz Commercial externally to the market with key brokers / distribution channels. Proactively drive involvement of functional areas in Underwriting process, including e.g., Distribution, Risk Consulting, Claims, Operations. Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders. What You’ll Bring to the Role Required Experience Significant experience in Underwriting profitable business in the Natural Resources or Construction market. Specialized expert understanding in Downstream Energy with working knowledge in Upstream Energy is required. Recognized relationships with brokers at peer group level and well established within market. Specialized understanding of regional / local insurance markets and competitor landscape, including global elements. Good understanding of legal and regulatory framework. Experience working in complex, global matrix organization. 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 & 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. Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial. Required Education Preferably a degree in Engineering, Economics or other appropriate discipline. Completion of professional insurance qualification (e.g., CII). Language Fluent in written and spoken English. Fluency in second Asian language is advantageous 80915 | 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 Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium. 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 agcsglobalcareers@allianz.com 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. #LI-LP1 #LI-Hybrid

Responsibilities

Underwrite large new and renewal accounts to meet top and bottom-line targets regionally while negotiating participation, pricing, and terms with brokers. Contribute to the development and execution of the regional underwriting strategy and manage complex referrals.