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Senior Group Underwriter

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Allianz

14d ago

  • Job
    Full-time
    Senior Level
  • Consulting
    Banking & Finance
  • Dublin

AI generated summary

  • You need underwriting experience, strong analytical skills, a math degree, Excel proficiency, teamwork, communication skills, attention to detail, and the ability to meet deadlines under pressure.
  • You will analyze claims data, evaluate insurance quotes, assess risks, prepare client reports, support teams, make underwriting decisions, and manage documentation and activity reports.

Requirements

  • - Experience in Underwriting/Pricing role - within employee benefits desirable but not essential.
  • - Strong problem solving, analytical skills and decision making ability.
  • - High attention to detail and accuracy is critical.
  • - 3rd level qualification in mathematics or other numerate area.
  • - Proven ability to work well as part of a team and communicate effectively with others.
  • - Proficiency in MS Excel is essential.
  • - Ability to collaborate, prioritise tasks, and work on multiple assignments.
  • - Good verbal and written communication skills.
  • - Ability to explain and defend pricing analysis and decisions.
  • - Excellent organizational and time management skills.
  • - Ability to work under pressure and to tight deadlines.
  • - Strong sense of ownership in carrying out duties.
  • - A willingness to learn and develop.

Responsibilities

  • - Analyse claims data and risk factors to forecast future claims levels and set insurance premiums.
  • - Evaluate and issue quotes for corporate insurance schemes in accordance with company underwriting guidelines, pricing methodologies and other relevant regulations.
  • - Gather and review background information in order to effectively assess risk.
  • - Collaborate with Sales and Relationship Management teams throughout contract renewals and tenders to reach target KPIs, while maintaining underwriting standards.
  • - Prepare and issue client utilisation reports, including commentary and explanation of observed trends and scheme performance.
  • - Act as a technical referral point for other areas of the business in relation to all Underwriting queries.
  • - Form own opinions on requests and make sound underwriting decisions, within authority limits.
  • - Take ownership of queries received within the team and deliver a quality service and response time to colleagues.
  • - Represent Underwriting team on strategic projects, as needed.
  • - Comply with company standards in respect of documentation and file management.
  • - Update and maintain work activity reports for Management.

FAQs

What is the primary responsibility of a Senior Group Underwriter?

The primary responsibility is to price and underwrite health, life, and disability products for corporate clients while analyzing claims data and risk factors to forecast future claims levels and set insurance premiums.

What qualifications are required for this position?

A 3rd level qualification in mathematics or another numerate area is required.

Is prior experience in employee benefits underwriting necessary?

Experience in an Underwriting/Pricing role within employee benefits is desirable but not essential.

What skills are important for a Senior Group Underwriter?

Important skills include strong problem-solving and analytical skills, high attention to detail, effective communication, proficiency in MS Excel, and the ability to work under pressure and manage time effectively.

What kind of work environment is offered?

A flexible working arrangement is offered with the possibility to work remotely for a few days per week, subject to terms and conditions.

Are there opportunities for career development?

Yes, the role offers career progression opportunities and training.

What benefits are provided along with the salary?

Benefits include a competitive salary and bonus scheme, pension and health insurance, discounts on home and car insurance, access to an onsite gym, participation in a sports and social club, and support for relevant professional studies.

How does Allianz Partners value diversity and inclusion?

Allianz Partners believes in a diverse and inclusive workforce and is proud to be an equal opportunity employer, encouraging applications from individuals regardless of their background.

What is the role of the Senior Group Underwriter with respect to team collaboration?

The Senior Group Underwriter collaborates with Sales and Relationship Management teams during contract renewals and tenders, as well as serving as a technical referral point for underwriting queries within the business.

How does one effectively assess risk in this role?

Risk assessment is done by gathering and reviewing background information in addition to analyzing claims data and evaluating risk factors.

Allianz

Our purpose: We secure your future. Our promise is to give confidence in tomorrow.

Finance
Industry
10,001+
Employees
1890
Founded Year

Mission & Purpose

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million private and corporate customers in more than 70 countries. We are proud to be the Worldwide Insurance Partner of the Olympic & Paralympic Movements from 2021 until 2028 and to be recognized as one of the industry leaders in the Dow Jones Sustainability Index. 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 and together, let’s care for tomorrow.