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Underwriting Manager - Entertainment

Company

Allianz Commercial

Address , New York, 10005
Employment type FULL_TIME
Salary $147,672 - $264,352 a year
Expires 2023-10-16
Posted at 8 months ago
Job Description
Underwriting Manager - Entertainment – New York/California
If you are a current AGCS employee and wish to refer a candidate for this role, please click here for instructions and eligibility criteria
Cluster: Allianz Professional

Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow
At Allianz Global Corporate and Specialty (AGCS), 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, AGCS has the major risks covered when it comes to protecting businesses.

We are looking for an Underwriting Manager - Entertainment. This role will be hybrid and can be based out of our New York City or Los Angeles, California office.
Your Team
Think about what you like to do for fun? From sports, television, and live festivals to concerts, Allianz Global Corporate & Specialty's (AGCS) Entertainment insurance team is a well-established market leader.

Allianz has protected thousands of films for the industry’s top studios. With more than 100 years of experience, we cover a broad portfolio of risks including, Hollywood blockbusters, independent films, music tours, theater, festivals, and sporting events. Allianz is in the best position to help our clients with their global entertainment insurance needs, covering all elements required to bring the project to life. We also provide coverage for photographers and videographers rounding out comprehensive coverage options for a majority of production accounts.

The Impact You Will Have
Reporting to the Head of North America Entertainment, this position will take prime responsibility for leading a team of senior underwriters / (senior) team leads 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:
  • 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
  • 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
  • Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
  • Design, develop and implement consistent, robust wordings
  • 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
  • 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
  • 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)
  • 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

What You’ll Bring to the Role
  • Significant experience working in a complex global matrix organization leading a team of professionals
  • Expert understanding of legal and regulatory framework
  • Ability to persuade and motivate others to act, without executive authority.
  • Expert understanding of regional / local LoB insurance markets and competitor landscape
  • Ability to assess risk inherent exposures and natural hazards relevant to LoB
  • Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story
  • Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
  • Ability to lead and manage a team of underwriters. Includes the ability to delegate tasks, steer team direction/goals, etc.
  • Preferably a master’s degree in Risk Management, Insurance, Economics, Law, or other appropriate discipline with completion of a professional insurance qualification
  • Well recognized established relationships with brokers at peer group level and well established within market
  • Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
  • Minimum 11 years’ significant experience in Underwriting profitable business in LoB. Expert understanding of LoB products and portfolio

The annualized base pay range for this role is $147,672 to $264,352. 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 AGCS 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.
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 Global Corporate & Specialty (AGCS) 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.

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 [email protected]

Recruitment Agencies:
AGCS has an in-house recruitment team, which focuses on sourcing great candidates directly. AGCS 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.

#LI-NG1 #LI-Hybrid

Job Level:
Management
Location:
Remote, IL, US, 60606

New York, NY, US, 10005

Los Angeles, CA, US, 90071

Remote, Remote, US, Remote

Area of Expertise:
Underwriting
Unit:
Allianz Commercial
Employing Entity:
Allianz Global Risks US Insurance Compan
Job Type:
Full-Time
Remote Job:
Hybrid working
Employment Type:
Permanent
ID:
30644