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