Head of Marine Canada

Allianz Commercial; Toronto; Hybrid; CAD 139,000 - 212,000; Full time

Job summary

A leading global insurance firm seeks a Head of Marine for their Toronto office. This executive role involves managing underwriting teams, developing strategies for inland marine insurance, and building relationships with brokers. Candidates should have extensive experience in underwriting management, particularly in construction-related policies, and possess strong leadership and analytical skills. A hybrid work model with competitive compensation is offered.

Benefits

Hybrid working model

Generous compensation and benefits package

Performance-based cash incentives

Qualifications

• A minimum of 10 years’ experience in Underwriting management position in Inland Marine.
• Experience with Builder’s Risk, Construction All-Risks, Erection All-Risks.
• Ability to lead and manage a team of underwriters.

Responsibilities

• Develop and execute local strategy for the line of business.
• Manage local Underwriting staff and cost center budget.
• Ensure underwriting consistency and adherence to corporate guidelines.

Skills

Leadership

Underwriting management

Relationship building with brokers

Communication

Analytical skills

Knowledge of AI and ML

Education

Bachelor’s degree in Engineering, Economics, or related field

Professional insurance qualification (CIP / FCIP / CRM)

Job description

1 day ago Be among the first 25 applicants

We are looking for a Head of Marine Canada. This role can be based in our Toronto, Ontario office.

Your Team

Allianz Commercial (AzC) is one of the largest marine insurers in the world and is a leader in inland marine insurance and related property coverage across North America and various worldwide locations. With a depth and breadth of marine capabilities that are unmatched in the industry. Allianz offers a broad portfolio of highly customizable products and an almost unlimited appetite for complex marine accounts that demand innovative solutions.

Our Inland Marine and Related Property Insurance solutions cover over 100 classes of business, covering all aspects of moving or movable property. Whether it's a building under construction or a shipment of an original Picasso, our inland marine insurance underwriters provide flexible and creative solutions for the most challenging of inland marine exposures.

Our Inland Marine team provides a number of products in Canada including Builder’s Risk / Course of Construction, contractor’s equipment and other related coverages.

As industrial specialists, Allianz Commercial (AzC) has a long-standing tradition of supporting the marine industry. We are committed to best serve our partners and clients in the Marine area by providing innovative solutions.Our appetite for challenging projects knows no bounds, offering our clients an almost unlimited range of options. Our strength lies in combining years of technical experience with market-leading financial expertise. This powerful combination enables us to underwrite the largest and most challenging projects, providing our clients with unparalleled protection and peace of mind.

The Impact You Will Have

Develop and execute the Line of Business “LoB” local strategy and proactively support the development of the global LoB strategy. Manage all local LoB portfolio to ensure the successful achievement of the global AzC LoB targets. Manage all local LoB UW staff. Develop and maintain strong relationships with brokers and clients.

Some of your specific responsibilities could include :

• Lead and manage local team, including direct reports and matrix management of functional reports. Manage cost center budget within plan.
• Develop and execute local Underwriting strategy for line of business. Support the development of global Underwriting LoB strategy, in line with AzC Chief Underwriting Officer ‘CUO’. Support the development of cross LoB regional strategy, in line with R&M and Regional CEO.
• Steer and control local line of business portfolio to drive achievement of financial targets (e.g. full combined ratio). Drive underwriting planning process and monitor adherence to plan, taking corrective action as necessary. Proactively liaising with functional areas to review performance of end-to-end Underwriting life cycle.
• Ensure underwriting consistency and underwriting discipline and adherence to all corporate guidelines and authority levels, including Rules and Principles, Underwriting Authorities, corporate governance rules, and local regulatory framework.
• Referral / case Underwriting of key clients as required.
• Proactively support development and implementation of new and modified products. Proactively support development and implementation of pricing tools. Maintain executive contacts and accompany the Underwriting of all core or strategic accounts.
• Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary). Coordinate with local Market Management / Distribution ‘MMC’ to drive successful execution of strategic plan. Communicate local LoB strategy externally.
• Positively represent AzC internally within the Allianz Group, and externally to the market. Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, Allianz Risk Control ‘ARC’, Claims, Operations.

What You’ll Bring To The Role –

A minimum 10 years’ significant experience in Underwriting management position in Inland Marine lines of business, including Construction

Our ideal candidate will have extensive experience with Builder’s Risk, Construction All-Risks (CAR), Erection All-Risks (EAR) with project values up to $200m.

Working understanding of regional / local LoB insurance markets and competitor landscape. Working understanding of legal and regulatory framework.

Well recognized relationship building with brokers at peer group level and well established within local market.

Experience in leadership and development of direct teams internationally and within complex global matrix environments.

Preferably bachelor’s degree in Engineering, Economics, or other appropriate discipline. And preferably completion of professional insurance qualification (i.e. CIP / FCIP / CRM)

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.

Working knowledge of artificial intelligence (AI) and machine learning (ML), with the ability to leverage AI-drive insights to shape strategic decisions and drive innovation across the organization

The annualized base pay range for this role is $139,776 - $211,200. 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 AzC 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 Commercial (AzC) 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.

Recruitment Agencies :

AzC has an in-house recruitment team, which focuses on sourcing great candidates directly.AzC 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. Failure to comply could / may result in the disqualification of the candidates and / or the termination of our contract and / or fees not being paid.

Seniority level

Seniority level

Executive

Employment type

Employment type

Full-time

Job function

Job function

Other, Information Technology, and Management

Industries

Financial Services and Insurance

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