Underwriting Specialist - Property

About the role

We are looking for an Underwriting Specialist in the West Zone for our Property line of business. Your Team Allianz Commercial (AzC) specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories.

Responsibilities

• Underwrite profitable new and renewal business to meet line of business targets regionally, including global elements
• Take ownership of large accounts/clients, including negotiation of participation, pricing, and terms and conditions
• Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios
• Underwrite International Insurance Programs and proactively manage capacity
• Underwrite in line with the LoB governance framework (Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles)
• Ensure contract certainty is achieved on all accounts at time of inception and utilization of global pricing tools
• Ensure placing and binding of FAC Reinsurance prior to policy inception
• Avoidance of errors in policy documentation and maintenance of files for each risk and transaction handled
• Contribute to the development and execution of regional underwriting strategy
• Train, develop, and coach less experienced staff, including underwriters
• Manage complex referrals and re-underwrite complex business as appropriate
• Proactively support acquisition of new business and retention of existing business, including client and producer negotiations
• Develop and maintain strong relationships with key producers, clients, and other relevant stakeholders (e.g., risk managers)

Requirements

Minimum 5–7 years of significant experience underwriting profitable business in the Property line of business
Specialized expert understanding of sub-LoB products and portfolio
Specialized understanding of regional/local property insurance markets and competitor landscape, including global elements
Good understanding of legal and regulatory framework
Experience working in a complex, global matrix organization
Technical Skills: Risk Assessment and Management, Pricing and Market Management, Contract Drafting and Interpretation, Policy Management
General Skills: Strong analytical skills with the ability to analyze highly complex data from multiple sources, Excellent communication and presentation skills — ability to express ideas clearly, both written and verbally, Influencing skills — ability to persuade and motivate others to act without executive authority, Proficiency in office applications (PowerPoint, Excel, Word)

Qualifications

Preferably a degree in Economics, Finance, Insurance Management, or Business Administration
Completion of a professional insurance qualification (e.g., CII) preferred

Benefits

The annualized base pay range for this role is $123,534 to $186,707. 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.

Pay

The annualized base pay range for this role is $123,534 to $186,707.

Schedule

Full-Time

Company Information

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

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.
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.

Join Us

Let’s Care for Tomorrow. People With Disabilities
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com
Recruitment Agencies
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm. 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.