Underwriting Product Manager, Hull

Job Level: Professional

Location:

London, GB, EC2N 3AR

Area of Expertise: Underwriting

Unit: Allianz Commercial

Employing Entity: Allianz Global Corporate & Specialty SE

Job Type: Full-Time

Remote Job: Hybrid working

Employment Type: Permanent

ID: 97257

Position Cluster: Non-Executive

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for an Underwriting Product Manager for Hull, based in our central London office.

Your Team

Our team is committed to managing underwriting products globally. With an international and diverse group of professionals, we foster a collaborative and inclusive environment. As the Product Manager, you'll work alongside talented individuals, contribute to global initiatives and experience the warmth and camaraderie of our close-knit team.

The Impact You Will Have

As a valued member of our team, you will have the opportunity to report directly to the Global Product Leader. In this role, you will play a crucial part in driving underwriting excellence and achieving outstanding results on a global scale. Your responsibilities will include providing expert underwriting guidance, serving as a referral manager for cases that exceed local authority, and contributing to the overall success of our defined line of business. Join us in this professional and friendly environment, where your expertise will be highly valued and appreciated.

Some of your specific responsibilities could include:

Conduct thorough research on competitive trends, product line trends, producer trends, and the external environment, including legal, economic, demographic, and distribution trends. This will enable you to align our underwriting strategies with the regulatory environment
Provide valuable recommendations on new and revised products, programs, underwriting standards, and procedures. You will also offer guidance on pricing within the regions to drive success
Monitor a consistent underwriting governance framework for Marine, ensuring product results are in line with our objectives. You will analyze claims, large losses and trends to maximize profitability
Take the lead in implementing underwriting guidelines, rules, principles, conditions, pricing tools, and best practice processes and standards
Conduct comprehensive business reviews to ensure the quality execution of local underwriting
Support the development and implementation of global MSU (Minimum Standards of Underwriting), Underwriting guidelines, rules, principles, best practice processes and standards
Review and provide support for referrals within your area of expertise, contributing to effective decision-making
Promote the implementation and maintenance of appropriate training programs to enhance underwriting expertise
Collaborate in steering the Global Practice Group process, driving continuous development of underwriting expertise through practice
Take a proactive approach to managing and mitigating NatCat (Natural Catastrophe) exposure, in close collaboration with CAT Risk Management and NCCSD (NatCat Coordination and Steering Division)
Perform qualitative analysis, and portfolio management, including profitability analysis and KPI (Key Performance Indicator) reporting. This will provide valuable insights into trades, distribution channels, and overall performance

What You’ll Bring to the Role

Extensive experience in underwriting profitable businesses in the Marine sector. You will be a specialized expert with a deep understanding of Hull products
Demonstrated track record of building strong relationships with brokers at a peer group level and being well-established within the market
Specialized knowledge of regional and local Line of Business insurance markets, as well as a comprehensive understanding of the global competitor landscape
Proficient understanding of the legal and regulatory framework, insurance industry practices, intermediary operations, insurance laws, and general business operations. A strong grasp of competition and marketing conditions is essential
The ability to analyze highly complex data from multiple sources in detail and proactively identify and resolve issues before they become problematic
Strong skills in developing, implementing, and effectively communicating strategies to address important trends or changes in the business
Excellent communication skills, both written and verbal, with the ability to clearly express ideas and messages. You should be capable of presenting a compelling story to both improvised and prepared audiences in English
A solid understanding of data analysis, automation and AI tools is required, with an awareness of ethical AI usage

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 center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

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. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.

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