At a Glance
- Tasks: Underwrite and manage innovative insurance solutions for global clients in a dynamic team.
- Company: Join Allianz, a leader in alternative risk transfer with a collaborative culture.
- Benefits: Enjoy hybrid work, generous bonuses, career development, and private healthcare.
- Other info: Diverse and inclusive workplace with opportunities for international mobility.
- Why this job: Make an impact by tackling complex risks and building strong client relationships.
- Qualifications: Experience in captive fronting or multinational environments is a plus.
The predicted salary is between 60000 - 80000 £ per year.
We are looking for a Captive Fronting Senior Underwriter to join our Alternative Risk Transfer team based in London.
Your Team
In Alternative Risk Transfer (ART), we create innovative tailored structured insurance, captive reinsurance and other non-traditional risk management solutions for a wide range of corporate and financial clients globally.
We specialize in helping our customers mitigate their most complex risks with bespoke multi-year and multi-line agreements covering a broad range of risks, leveraging our expertise in alternative risk transfer and the global capabilities of the Allianz Group.
We operate through Allianz Commercial offices in Zurich, London, New York, Belgium, Bermuda, and Singapore.
The Impact You Will Have
Reporting to Manager, Global Captive Fronting, the Senior Underwriter is responsible for the profitable underwriting and management of new and renewal business to meet global Line of Business targets for the portfolio of Global Captive Fronting accounts.
The successful candidate will act as the Subject Matter Expert for Captive Fronted business, be the key relationship point of contact for clients and brokers on designated accounts, provide technical advice on Captive Fronted program structures and design to Allianz Commercial Product Lines, and develop new business initiatives in conjunction with Market Management.
Key challenges include contributing to portfolio growth, marketing the ART Global Captive Fronting value proposition, managing credit exposures, and collaborating with peers across ART Lo Bs, Allianz Commercial Lo Bs and the Multinational Unit.
Responsibilities
- Develop new business in conjunction with market management and LOBs.
- Adhere to corporate compliance standards and requirements for credit risk, legal documentation, credit enhancements, deal sign off procedures, sanctions compliance and licensing requirements.
- Promote and market the ART value proposition for fronting and structured underwriting to the market and internally within the AGCS and Allianz Group, and build strong relationships with key client and broker contacts, as well as with AGCS LOBs and the Multinational Unit.
- Develop and maintain a comprehensive client and industry segment insight, deliver relevant market and competitor insight to the business, and implement operational measurements, KPIs and SLAs to measure, steer and improve business globally and locally.
- Manage a portfolio of Global Captive Fronting Multinational accounts, overseeing credit exposures, governance, compliance, service standards delivery, fee negotiation, account profitability and client relationship management.
Qualifications
- Captive Fronting or multinational experience would be advantageous.
- Good understanding of lines of business, competitor landscape and legal/regulatory framework.
- Intermediate risk assessment and management skills with the ability to assess risk inherent exposures and natural hazards.
- Experience in contract drafting and interpretation incorporating design, development and implementation of consistent, robust wording.
- Advanced insight and experience in policy management, including robust understanding of policy administration life cycle, information collection, policy insurance, premium bookings, cancellation and credit control; evidence of relationship building with brokers at peer group level.
- Clear and effective expression of ideas and messages via presentations/speech and in writing.
- Ability to persuade and motivate others to act without direct authority.
- Ability to work in an international environment and outstanding inter‑cultural skills.
- Outstanding analytical skills with ability to analyse complex data and information from multiple sources.
- Commitment to undertaking or completing relevant professional qualifications e. g. CII.
- Fluent English language skills.
- Experience applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.
Benefits
We offer a hybrid working model, a generous bonus scheme, pension, career development, digital learning programs, international mobility, flexible working arrangements, private health care, generous parental leave benefits, support for flexible working, and opportunities to engage in shaping a future that is safe, inclusive and sustainable.
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.
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Senior Underwriter, Global Captive Fronting, Alternative Risk Transfer in London employer: Allianz Commercial
Allianz Commercial is an excellent employer, offering a dynamic work environment in the heart of London and Toronto. With a strong focus on employee growth, you will benefit from a hybrid working model, competitive salary, and comprehensive benefits, all while being part of a collaborative culture that values innovation and excellence in the financial services sector.
