Underwriting Specialist - Property

About the role

We are looking for an Underwriting Specialist in the West Zone for our Property line of business.

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
• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to the Property line of business
• Pricing and Market Management: Ability to analyze current performance against benchmarks, applying knowledge of how the market operates, business needs, and customer needs
• Contract Drafting and Interpretation: Ability to design, develop, and implement consistent, robust wordings
• Policy Management: Robust understanding of the policy administration life cycle, including information collection, policy issuance, premium bookings, credit control, and cancellation
• General Skills: Strong analytical skills with the ability to analyze highly complex data from multiple sources; Excellent communication and presentation skills; Influencing skills; Proficiency in office applications (PowerPoint, Excel, Word)
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial

Qualifications

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

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)
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial

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. 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 $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. Learn more about careers at Allianz Commercial by clicking here. Learn more about Allianz Commercial by clicking here. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore 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. 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.