Job Purpose / Role
The Third Party Middle Office is a key function within the Chief Markets Office (CMO) at Allianz Re. It provides the services and tools required by the Third Party Front Office, which is the client facing team within CMO in charge of sourcing reinsurance business for Allianz Re from Third Party cedents (i.e. from non-affiliated companies).
Allianz Re targets Third Party business including agricultural business globally with specific focus on certain European, Asian and US markets. The Middle Office plays a vital role in shaping and optimising the portfolio and supporting data driven decisions in a deal/portfolio context. The responsibilities of the Third Party Middle Office include the pricing of the relevant reinsurance treaty business, corresponding analytics and operational support including ongoing performance monitoring, planning and reporting.
The Underwriting Assistant will be joining the operational support team reporting to the Head of Portfolio Analytics based in Munich. The role is based in Singapore but is part of the global UWA team based in our Wallisellen and Munich offices.
Key Responsibilities
- As the Underwriting Assistant, you will support the overall CMO team in their goal to deliver high operational standards by developing a good understanding of the classes of business underwritten and the operational processes in place that support them
- You will support the end-to-end client management and underwriting process from logging and processing client and broker relationships, creating and updating tracking tools, and supporting overall relationship management. This includes monitoring the adherence to underwriting and company guidelines and procedures
- Your will collaborate closely with underwriters and client managers to ensure correct interpretation of data for accuracy and completeness and drive process improvement by being a source of information/expertise, gathering further information where required and adopting new initiatives within the operations team.
- Outside of the core renewal periods you will also have the opportunity to get involved in project work within the broard Allianz Re organisation.
Qualification
- Strong organisation skills and the ability to manage ones own workflow
- Practical work experience with financial accounting, data management systems
- Must have a bachelors degree in and business administration, or other analyitcal related field
- Strong Microsoft office skills especially excel
- Some years of experience working in the (re)insurance industry or as an administrative assistant, or a related job is a plus
- Property and Casualty (P&C) Reinsurance knowledge, ideally gained in an accounting, controlling or support function.
Experience & Key Skills
- Strong attention to detail to ensure the accurate collection of information and entry into databases
- Excellent communication skills with confidence to build relationships at all levels, and ask questions to ensure requirements and rationale are understood.
- Enthusiastic, hardworking and driven individual with a focus on providing the best possible service.
- Can demonstrate ability to prioritise and organise workload in order to meet tight deadlines.
- Team player skills with the ability to work collaboratively and develop successful working relationships
78122 | Underwriting | Professional | Non-Executive | Allianz Reinsurance | Full-Time | Permanent
Allianz Group is one of the most trusted insurance and asset management companies in the world. 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.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let&aposs care for tomorrow.
Note: Diversity of minds is an integral part of Allianz company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.
