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

Skills

• Risk Assessment and Management
• Pricing and Market Management
• Contract Drafting and Interpretation
• Policy Management

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

This is a Full-Time position.

What’s in it for you?

• Care for your financial wellbeing
• Care for your opportunities to progress
• Care for life’s twists and turns
• Care for our society and our planet

At Allianz Commercial

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.