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

Qualifications

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

Skills

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

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.

Equal Opportunity Employer

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.