Entertainment IndustryJob Opening for Sr Underwriter – Entertainment in Allianz Global Corporate & Specialty (Burbank, CA 91504)

Key Responsibilities:
Support Underwriting Strategy:
Support development and execution of regional Underwriting strategy for Inland Marine

Support Key Business Initiatives:
Generate new producer relationships
Participate/contribute to key projects

Underwrite Profitable business:
Underwrite new and renewal accounts to meet top and bottom line targets
Negotiate price and terms and conditions with producers
Proactively manage capacity
Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)

Underwriting Approach and Compliance
Underwrite in line with Entertainment 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

Policy Documentation and Administration
Ensure accurate policy documentation issued to producers (where AGCS responsibility to do so) or producers has issued documentation (where producer 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 (including client and producer 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 producers and clients and other relevant stakeholders (e.g. risk managers)

Required Skills:
Preferably degree in Economics, Finance, Insurance Management, or Business Administration
Proven track record in Underwriting profitable business in Inland Marine with 5 – 10 years’ experience
In depth understanding of LoB(s) products and portfolio
In depth understanding of regional / local LoB (s) insurance markets and competitor landscape
Demonstrable, established relationships with brokers at peer group level and well established within local market
Ability to assess risk inherent exposures and natural hazards relevant to LoB
Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented.
Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance
Apply the knowledge of how the market operates and functions, the business needs and customer needs

Compensation is commensurate with skills and experience and includes a comprehensive best in class benefits package. Any salary or benefits information provided by third party resources such as external job posting websites etc., cannot be deemed reliable.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us. Let’s care for tomorrow.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit 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.
Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.

For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.