Jobs · Finance · Illinois

Portfolio Solutions Risk Lead

Allianz Commercial · Chicago, IL · 1 mo ago
HybridFinance$98k–$148k/yrFull-time

About the role

This is a hybrid role based in O'Fallon, Chicago, Alpharetta, or New York. You will be part of our Portfolio Solutions team in North America, focusing on evaluating, structuring, and managing delegated authority and program business across multiple lines of business.

Responsibilities

  • Evaluate delegated authority portfolios across multiple lines of business, including property, casualty, and specialty
  • Analyze exposure data, historical performance, and loss trends to assess portfolio quality and performance
  • Assess underwriting strategy, controls, and consistency within each program
  • Evaluate business at both individual program and broader portfolio levels
  • Support evaluation and structuring of delegated authority and program business opportunities
  • Audit participation strategies, underwriting considerations, and portfolio fit
  • Partner with actuarial and modeling teams to evaluate pricing adequacy and expected performance
  • Provide underwriting recommendations aligned with risk appetite and profitability objectives
  • Work with brokers, program administrators, MGAs, and underwriting teams to assess opportunities
  • Participate in deal discussions and negotiations
  • Collaborate across underwriting, actuarial, finance, claims, operations, and governance teams

Requirements

5–10+ years of underwriting, delegated authority, program, or portfolio management experience across multiple lines of business

Strong analytical and portfolio management skills with the ability to evaluate business performance and volatility trends

Experience working with delegated authority structures, program business, or complex multi-line portfolios

Strong underwriting judgment and commercial acumen

Ability to influence and collaborate with internal and external stakeholders

Ability to utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making

Qualifications

Master's degree in Actuarial Science, Finance, Economics, or related field

Professional designations such as CFA, FRM, or similar preferred

Experience in insurance underwriting, risk management, or related fields

Skills

Portfolio management

Underwriting

Delegated authority management

Strategic planning

Data analysis

Collaboration

Benefits

The annualized base pay range for this role is $97,739 to $147,652 for O'Fallon, MO, $ 107,913 - $163,096 for Chicago & Alpharetta and $124,609 - $188,330 for New York.

The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of 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.

Pay

The annualized base pay range for this role is $97,739 to $147,652 for O'Fallon, MO, $ 107,913 - $163,096 for Chicago & Alpharetta and $124,609 - $188,330 for New York.

Schedule

This is a hybrid role, combining in-person and remote work.

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