The Client
Our client, Allianz Cyprus, is looking to recruit a Financial Lines and Liability Underwriter for its offices in Nicosia, Cyprus.
Allianz has been active in the Cypriot market offering insurance services, for more than 25 years. The Company's products and services cover a wide range of insurance needs for both commercial and retail customers, as well as products in the corporate and specialty spectrum.
The Position
The Financial Lines and Liability Underwriter will be responsible for managing and executing underwriting activities for Financial Lines and Liabilities in an efficient and effective manner applying Allianz Group Underwriting rules within underwriting limits including: risk submission; completeness of data; analysis and assessment of the risk; coverage structure and design in collaboration with respective departments; rating and pricing using Allianz Group pricing tools; negotiation and binding.
The role supports the development of key customer relationships, contributes towards delivery of Key Performance Indicators (KPIs) through the monitoring of account performance, control of underwriting standards, business development activity and ensures that business written is done so in a technically excellent manner, adhering to underwriting authority and standards. Furthermore, is responsible for contributing to the review and to the setup of the reinsurance program for the lines responsible.
The role reports to Cyprus Branch Manager and will be a member of the local team working closely with other team members in supporting each other in all functions of the branch.
Duties and Responsibilities
Responsible for underwriting performance for D&O Liability (including Crime, EPL and PTL) Professional Indemnity, Cyber Liability, Employers' Liability, Public/Products Liability accounts
Assumes responsibility for individual line of business, which includes delivering KPIs with Underwriting rigor and control whilst supporting control functions (i.e. Compliance and Governance, etc) across the underwriting discipline
Monitors the performance of accounts and lines of business within the business unit, identifying under and over performance, implementing remedial and opportunity actions as appropriate
Delivers KPI targets across complex cases/portfolios worked upon to deliver the high level line of business strategies and understands Account Management principles and the impact of individual cases on the account
Adheres to Underwriting Authority and understands the impact case decisions have on Profit and Loss and the achievement of plan and is able to articulate the impact clearly and concisely
Builds business relationships both internally and externally to drive technical excellent and generate business opportunities and represents the Underwriting area at appropriate internal and external global forums
Provides support to stakeholders on broker business development activities
Undertakes and reports on Underwriting Inspections (where required), account control and quality review programs
Liaises with all other appropriate internal parties including Sales and Distribution, Pricing, Claims and Operations
Prepares and issues insurance contracts, endorsements and renewals of contracts.
Keeps detailed and accurate records of policies underwritten and decisions made
Provides customer service to commercial customers
Skills / Qualifications / Experience
Degree in Insurance, Law, Statistics or other relevant field
Master’s degree and/or any insurance relevant professional qualifications are considered an asset
Excellent command of Greek and English language (spoken & written)
Proficient in MS Office, especially Excel
Minimum 2 - 5 years of relevant experience
Analytical skills and attention to detail
Strong negotiation skills and problem solving capability
Ability to work under pressure and meet strict deadlines
Excellent Interpersonal and Communication Skills
Location
The position is for the offices of Allianz Cyprus in Nicosia.
Remuneration
An attractive remuneration package will be offered to the successful candidate, according to experience and qualifications.