Senior Underwriter, Marine Cargo

We are looking for a Senior Underwriter, Marine Cargo based in Singapore.

The Impact You Will Have

Reporting to the Regional Head of Marine, you are responsible for underwriting profitable new and renewable business with a key focus on Marine Cargo Line of Business (LoB) to meet regional targets. You will take ownership of large accounts/clients including negotiation of participating, pricing and terms and conditions. You will be involved in the training and development of the team and be a referral point for underwriters. You will develop and maintain strong relationships with brokers and clients.

Key responsibilities include:

Underwrite Profitable Business

• Underwrite large new and renewal accounts to meet top and bottom-line targets.
• 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 (for relevant LoBs). Underwrite Multinational Programs.

Underwriting Approach and Compliance

• Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, 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 is Allianz's 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.

Market 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 Management team on market management initiatives.

Relationship Management

• 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 Management, Risk Consulting, Claims and Operations.
• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders.

Required Experience & Education:

• Proven track record in Underwriting profitable business in LoB. Understanding of LoB products and portfolio.
• Demonstrable, established relationships with brokers at peer group level.
• Good understanding of regional / local LoB insurance markets and competitor landscape.
• Understanding of legal and regulatory framework.
• Experience working in complex, global matrix organization.
• Preferably a degree in Economics, Law, or other appropriate discipline.

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.
• The ability to utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making is valuable.

General Skills:

• Communication skills: Clearly and effectively express ideas and messages via speech or writing.
• Influencing skills: Ability to persuade and motivate others to act, without executive 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.

100175 | Underwriting | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent