Underwriting Specialist - Property

About the role

This is a hybrid Underwriting Specialist - Property role based in Alpharetta, GA. Specializing in corporate property insurance for over 200 countries and territories, we offer tailored 'All Risks' property damage and business interruption insurance. Our team insures the majority of Global Fortune 500 companies and manages over 1000 global property insurance programs.

Responsibilities

• Underwrite profitable new and renewal business to meet Line of Business targets regionally, including global elements
• Negotiate price and terms and conditions with producers
• Proactively manage capacity
• Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios
• Underwrite International Insurance Programs
• Underwriting Approach and Compliance
• Ensure contract certainty is achieved on all accounts at time of inception
• Ensure utilization of global pricing tools
• Ensure placing and binding of Facultative Reinsurance prior to policy inception
• Policy Documentation and Administration
• Ensure accurate policy documentation is issued to producers or that producers have issued documentation where applicable
• Proactively support completion of policy administration and credit control processes
• Underwriting Strategy & Leadership
• Contribute to development and execution of regional Underwriting strategy
• Train, develop, and coach less experienced staff, including Underwriters
• Manage complex referrals from underwriters and re-underwrite complex business as appropriate
• Market Management
• Proactively support acquisition of new business and retention of existing business, including client and producer negotiations
• Liaise with Market Management on market management initiatives
• Relationship Management
• Positively represent Allianz Commercial externally to the market
• Drive involvement of functional areas in the Underwriting process (e.g., Market Management, ARC, Claims, Operations)
• Develop and maintain strong relationships with key producers, clients, and other relevant stakeholders

Requirements

Minimum 5 to 7 years of significant experience underwriting profitable business in Property; specialized expert understanding of sub-Line of Business products and portfolio

Recognized relationships with brokers at peer group level and well established within the market

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 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

Analytical Skills: Ability to analyze highly complex data from multiple sources in detail; identify and resolve issues before they transpire

Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally; ability to present audience-winning narratives

Influencing Skills: Ability to persuade and motivate others to act, without executive authority

Proficiency in Office applications (PowerPoint, Excel, Word)

Completion of a professional insurance qualification (e.g., CII) preferred

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

Qualifications

Required: Bachelor's degree in Risk Management, Economics, Finance, or Business Administration

Preferred: Completion of a professional insurance qualification (e.g., CII)

Skills

• Underwriting profitable business
• Underwrite new and renewal accounts
• Negotiate price and terms and conditions
• Manage capacity
• Underwrite Natural Catastrophe Accumulation
• Underwrite International Insurance Programs
• Underwriting Approach and Compliance
• Ensure contract certainty
• Utilize global pricing tools
• Place and bind Facultative Reinsurance
• Policy Documentation and Administration
• Support policy administration and credit control processes
• Underwriting Strategy & Leadership
• Contribute to regional Underwriting strategy
• Train and develop less experienced staff
• Manage complex referrals
• Market Management
• Acquire new business and retain existing business
• Liaise with Market Management
• Relationship Management
• Represent Allianz Commercial externally
• Drive involvement of functional areas
• Develop and maintain strong relationships

Benefits

The annualized base pay range for this role is $106,983 to $161,690. 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.

Schedule

This is a full-time role.

Pay

The annualized base pay range for this role is $106,983 to $161,690. 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.