Underwriter - Business Development | Remote
Allianz Reinsurance · Minneapolis, MN · 1 mo ago
RemoteRemoteFinance$132k–$219k/yrFull-time
Client Engagement
- Serve as a client facing representative for AZRA
- Oversight of the transaction process
- Primary responsibility for negotiation and final price
- In conjunction with the Sr Underwriter approve transactions within a specific authority limit
- Meet Brokers, clients; attend conferences, organize meetings for the team at conferences
- Organize underwriting and claim audits; attend some audits
- Articulate scope and appetite to clients/brokers; turn down transactions
- Attend 2-3 Legacy Conferences per year; Manage legacy brokers and legacy transactions
- Find new markets for AZRA to explore – ie mutual insurers
- Structure and Negotiate deals along with actuary / underwriters; each deal will have a primary negotiator - person could be actuary or client manager
- Work with legal on wordings and contract language; manage legacy contract process
- Governance – ensure that contracts meet exclusions (EET) / sanctions / ESG requirements
- Lead audit responses; be knowledgeable of group and local U/W guidelines
- Utilize artificial intelligence tools and resources (e.g. generative AI)
What You Bring
- Deep knowledge of Reinsurance Market – junior broker
- Underwriting experience a plus; knowledge of reinsurance transactions and lines of business
- You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future.
Job Posting
- Reward Range: $131,600.00 to $219,300.00
- Note: The job posting range is exclusive of company benefits or other compensation. This role is also eligible for an annual incentive program.
What We Offer
- Allianz Group is one of the most trusted insurance and asset management companies in the world.
- We are united by a shared commitment: to put our customers first and at the center of everything we do.
- We are dedicated to consistently advocating for equal opportunities for all.
- We welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.