Allianz Commercial
Executive Underwriter - Inland Marine
Allianz Commercial, Los Angeles, California, United States, 90079
Role Overview
Allianz Commercial (AzC) is one of the largest marine insurers in the world and a leader in inland marine insurance and related property coverage across North America and various worldwide locations. With unmatched marine capabilities, Allianz offers a broad portfolio of highly customizable products and an almost unlimited appetite for complex marine accounts that demand innovative solutions.
Responsibilities
Participate in the development and execution of regional Underwriting strategy for LoB(s) and work closely with Market Management, Claims, and other product lines to achieve key marketing strategies, including cross‑selling.
Underwrite new and renewal accounts to meet top and bottom‑line targets, negotiate price and terms and conditions with producers, and proactively manage capacity.
Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios for relevant LoB(s). Underwrite International Insurance Programs for relevant LoB(s).
Positively represent AzC externally to the market, proactively drive involvement of functional areas in Underwriting process, and develop and maintain strong relationships with key producers, clients, and other relevant stakeholders.
Ensure accurate policy documentation is issued to producers and maintain correct file establishment and policy administration and credit control processes.
Proactively support acquisition of new business and retention of existing business, including client and producer negotiations where necessary, and liaise with MMC on market management initiatives.
Participate in key projects, contribute to training of underwriters, serve as a referral point for other underwriters, and participate in cross‑regional activities as required.
Qualifications
Minimum 7 years proven track record in underwriting profitable inland marine business, in‑depth understanding of its products and portfolio, and in‑depth understanding of regional/local LoB insurance markets and competitor landscape.
Demonstrable established relationships with brokers at peer group level and established within local market.
Ideal candidate has worked as an underwriter or account executive and is well versed in multiple inland marine products such as construction, transportation, miscellaneous coverages, and property.
Preferred bachelor’s degree in Risk Management, Insurance, Business Administration, Finance or Economics, and completion of a professional insurance qualification.
Ability to assess risk inherent exposures and natural hazards relevant to LoB, manage the underwriting books, analyze trends and scenario plans and evaluate current performance against benchmarks.
Apply knowledge of how the market operates and functions, the business and customer needs, and ability to analyze highly complex data, resolve issues, persuade, motivate and use general office application tools (PowerPoint, Excel, Word).
Willingness to learn and explore how AI tools can enhance day‑to‑day tasks and contribute to data‑driven decision‑making.
Benefits
Hybrid working model with flexible in‑person and remote work, and support for flexible working arrangements.
Annual performance‑based cash incentive awards, a generous bonus scheme and pension.
Comprehensive career development, digital learning programs, international career mobility and lifelong learning.
Health and wellbeing support, private healthcare, generous parental leave benefits and return‑from‑career‑break programs.
Opportunities to shape a future that is safe, inclusive, and sustainable and a commitment to society and planet.
Salary Range Annualized base pay range for this role is $125,366 to $276,845. The base pay is just one component of the AzC total compensation package and is determined by factors such as scope, complexity, location, skills, education, training, credentials and experience.
Location Los Angeles, CA
Legal Authorization Applicants must be legally authorized to work in the United States without the need for current or future employment‑based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.
EEO Statement Allianz is an equal opportunity employer and welcomes applications regardless of ethnicity, cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic. Diversity of thinking is an important part of our company culture.
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Responsibilities
Participate in the development and execution of regional Underwriting strategy for LoB(s) and work closely with Market Management, Claims, and other product lines to achieve key marketing strategies, including cross‑selling.
Underwrite new and renewal accounts to meet top and bottom‑line targets, negotiate price and terms and conditions with producers, and proactively manage capacity.
Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios for relevant LoB(s). Underwrite International Insurance Programs for relevant LoB(s).
Positively represent AzC externally to the market, proactively drive involvement of functional areas in Underwriting process, and develop and maintain strong relationships with key producers, clients, and other relevant stakeholders.
Ensure accurate policy documentation is issued to producers and maintain correct file establishment and policy administration and credit control processes.
Proactively support acquisition of new business and retention of existing business, including client and producer negotiations where necessary, and liaise with MMC on market management initiatives.
Participate in key projects, contribute to training of underwriters, serve as a referral point for other underwriters, and participate in cross‑regional activities as required.
Qualifications
Minimum 7 years proven track record in underwriting profitable inland marine business, in‑depth understanding of its products and portfolio, and in‑depth understanding of regional/local LoB insurance markets and competitor landscape.
Demonstrable established relationships with brokers at peer group level and established within local market.
Ideal candidate has worked as an underwriter or account executive and is well versed in multiple inland marine products such as construction, transportation, miscellaneous coverages, and property.
Preferred bachelor’s degree in Risk Management, Insurance, Business Administration, Finance or Economics, and completion of a professional insurance qualification.
Ability to assess risk inherent exposures and natural hazards relevant to LoB, manage the underwriting books, analyze trends and scenario plans and evaluate current performance against benchmarks.
Apply knowledge of how the market operates and functions, the business and customer needs, and ability to analyze highly complex data, resolve issues, persuade, motivate and use general office application tools (PowerPoint, Excel, Word).
Willingness to learn and explore how AI tools can enhance day‑to‑day tasks and contribute to data‑driven decision‑making.
Benefits
Hybrid working model with flexible in‑person and remote work, and support for flexible working arrangements.
Annual performance‑based cash incentive awards, a generous bonus scheme and pension.
Comprehensive career development, digital learning programs, international career mobility and lifelong learning.
Health and wellbeing support, private healthcare, generous parental leave benefits and return‑from‑career‑break programs.
Opportunities to shape a future that is safe, inclusive, and sustainable and a commitment to society and planet.
Salary Range Annualized base pay range for this role is $125,366 to $276,845. The base pay is just one component of the AzC total compensation package and is determined by factors such as scope, complexity, location, skills, education, training, credentials and experience.
Location Los Angeles, CA
Legal Authorization Applicants must be legally authorized to work in the United States without the need for current or future employment‑based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.
EEO Statement Allianz is an equal opportunity employer and welcomes applications regardless of ethnicity, cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic. Diversity of thinking is an important part of our company culture.
#J-18808-Ljbffr