LOB Head of Inland Marine - NE Zone

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 the Line of Business Head of Inland Marine - Northeast Zone to lead a team of senior underwriters / (senior) team leads to underwrite profitable new and renewal business to meet LoB targets regionally and/or globally.

Your Team As industrial specialists, Allianz Commercial (AzC) has a long-standing tradition of supporting the marine industry. We are committed to best serve our partners and clients in the Marine area by providing innovative solutions. Our appetite for challenging projects knows no bounds, offering our clients an almost unlimited range of options.Our strength lies in combining years of technical experience with market-leading financial expertise. This powerful combination enables us to underwrite the largest and most challenging projects, providing our clients with unparalleled protection and peace of mind.

The Impact You Will Have Reporting to the Global / Regional Head of Inland Marine, this position will take prime responsibility for leading, developing and executing the Inland Marine strategy. In addition, LOB Head of Inland Marine - Canada /Northeast Zone will:

• Lead team to underwrite profitable new and renewal business to meet LoB targets regionally and/or globally.
• Negotiation of participation, pricing and terms and conditions for large/critical clients.
• Ownership of large/critical accounts / clients and ultimate responsibility for accounts within team.
• Lead and manage senior team, training and development of team and referral point for other underwriters.
• Develop and maintain strong relationships with brokers and clients.

Some of your specific responsibilities could include:

• Managing Team of Underwriters
  • Delegate tasks to team in order to achieve overall results.
  • Manage/supervise team client accounts and act as point of referral and/or escalation for issues.
  • Manage cost center budget within plan.
  • Typically managing Senior UWs / (Senior) Team Leads.
• Underwriting Strategy and Leadership
  • Contribute to development and execution of regional Underwriting strategy for LoB.
  • Manage referrals from underwriters and spokes and re-underwrite complex business as appropriate.
  • May be responsible for particular sub-LoB or area within regional team and to act as a "champion" for any matters relating to it.
• Underwrite Profitable Business
  • Underwrite large/critical new and renewal accounts to meet top and bottom-line targets (regional and/or global). 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 International Insurance Programs (for relevant LoBs)
  • Specialized in a particular area.
• 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 utilization of global pricing tools.
  • Ensure placing and binding of FAC Reinsurance prior to policy inception.
• Market Management
  • Proactively drive acquisition of new business and retention of existing business (including client and broker negotiations where necessary).
  • Proactively liaise with MMC on market management initiatives.
• Relationship Management
  • Positively represent AGCS 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 brokers and clients and other relevant stakeholders (e.g., risk managers)

What You'll Bring to the Role - We'd like to find someone with a minimum 11 years' proven track record in Inland Marine Underwriting management. Experience of leading and of remotely managing and developing regional teams across numerous locations, including direct reports and complex matrix environments. Experience of leading change in various business scenarios, including restructuring, integration and mature growth markets. In addition, you will bring:

• Master's Degree
• Completion of professional insurance qualification (e.g., CII).
• Minimum of 11 years of significant experience in Underwriting profitable business in LoB, with an expert level understanding of LoB products and portfolio.
• Managing people: Ability to lead and manage a team of underwriters. Includes the ability to delegate tasks, steer team direction/goals, etc.
• Well recognized established relationships with brokers at peer group level and well established within market.
• Expert understanding of regional / local LoB insurance markets and competitor landscape.
• Expert understanding of legal and regulatory framework.
• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB.
• Pricing and Market mgt: 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.
• 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.

The annualized pay range for this role is $162,792 to $279,072. 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.

49272 | Underwriting | Management | Allianz Executive | 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 401K.

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 here.

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.

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Nearest Major Market: Manhattan Nearest Secondary Market: New York City