Allianz
We are looking for an Underwriting Specialist in New York 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. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our global network.
Our experience speaks for itself, insuring the majority of Global Fortune 500 companies, managing over 1000 global property insurance programs, and fielding an underwriting team averaging over 20 years' experience, backed up a worldwide team of risk consultants and claims specialists.
When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!
The Impact You Will Have
Reporting to the Regional Property Leader - Northeast, this position will take prime responsibility for underwriting profitable new and renewal business to meet LoB(s) targets in accordance with underwriting guidelines and underwriting authority. You will negotiate price and terms and conditions, as well as develop and maintain strong relationships with producers and clients in partnership with Market Management. You will take ownership of large/key accounts and clients including negotiation of participation, pricing and terms and conditions.
Some of your specific responsibilities could include:
Underwriting new and renewal accounts to meet top and bottom-line targets (local and/or regional), including negotiating price and terms and conditions with producers and proactively managing capacity. Underwriting and evaluating Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs)
Positively representing AzC externally to the market. Proactively driving involvement of functional areas in Underwriting process, including MMC, ARC, Claims and Operations. Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g., risk managers).
Ensuring accurate policy documentation issued to producers (where AzC responsibility to do so) or producer has issued documentation (where producer responsibility). Ensuring file is established (whether electronic or paper) and maintained for each risk and transaction handled. Proactively supporting completion of policy administration and credit control processes
Proactively supporting acquisition of new business and retention of existing business (including client and producer negotiations where necessary) and liaising with MMC on market management initiatives.
Participate/contribute to key projects.
What You'll Bring to the Role -
A minimum 5 years' proven track record in underwriting profitable Property business.
If you've underwritten property insurance products such as large commercial property risks, manufacturing, real estate, retail, public entity, and healthcare facilities, this job is for you!
OR
if you've worked this line of business in a broker role, that's a plus!
In depth understanding of lob products, portfolio, regional/local insurance markets and competitor landscape.
Demonstrable, established relationships with brokers at the peer group level and well established within local market
Preferably a bachelor's degree in Insurance, Risk Management, Finance, Economics, or Business Administration.
Ability to assess risk inherent exposures and natural hazards relevant to LoB. Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented. Apply knowledge of how the market operates and functions, the business needs and customer needs.
Ability to analyze highly complex data from multiple sources, in detail; identify and resolves issues before they transpire.
Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.
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.
The annualized base pay range for this role is $119,483 to $155,000. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several 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.
84674 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent
What's in it for you?
Let's care about everything that makes you, you
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. Please feel free to discuss flexible working arrangements with us.
Let's care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
Let's care for your opportunities to progress
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
Let's care for life's twists and turns
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.
Let's care for our society and our planet
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Care to join us?
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 matters, 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.
#LI-DNI
#LI-Hybrid
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. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our global network.
Our experience speaks for itself, insuring the majority of Global Fortune 500 companies, managing over 1000 global property insurance programs, and fielding an underwriting team averaging over 20 years' experience, backed up a worldwide team of risk consultants and claims specialists.
When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!
The Impact You Will Have
Reporting to the Regional Property Leader - Northeast, this position will take prime responsibility for underwriting profitable new and renewal business to meet LoB(s) targets in accordance with underwriting guidelines and underwriting authority. You will negotiate price and terms and conditions, as well as develop and maintain strong relationships with producers and clients in partnership with Market Management. You will take ownership of large/key accounts and clients including negotiation of participation, pricing and terms and conditions.
Some of your specific responsibilities could include:
Underwriting new and renewal accounts to meet top and bottom-line targets (local and/or regional), including negotiating price and terms and conditions with producers and proactively managing capacity. Underwriting and evaluating Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs)
Positively representing AzC externally to the market. Proactively driving involvement of functional areas in Underwriting process, including MMC, ARC, Claims and Operations. Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g., risk managers).
Ensuring accurate policy documentation issued to producers (where AzC responsibility to do so) or producer has issued documentation (where producer responsibility). Ensuring file is established (whether electronic or paper) and maintained for each risk and transaction handled. Proactively supporting completion of policy administration and credit control processes
Proactively supporting acquisition of new business and retention of existing business (including client and producer negotiations where necessary) and liaising with MMC on market management initiatives.
Participate/contribute to key projects.
What You'll Bring to the Role -
A minimum 5 years' proven track record in underwriting profitable Property business.
If you've underwritten property insurance products such as large commercial property risks, manufacturing, real estate, retail, public entity, and healthcare facilities, this job is for you!
OR
if you've worked this line of business in a broker role, that's a plus!
In depth understanding of lob products, portfolio, regional/local insurance markets and competitor landscape.
Demonstrable, established relationships with brokers at the peer group level and well established within local market
Preferably a bachelor's degree in Insurance, Risk Management, Finance, Economics, or Business Administration.
Ability to assess risk inherent exposures and natural hazards relevant to LoB. Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented. Apply knowledge of how the market operates and functions, the business needs and customer needs.
Ability to analyze highly complex data from multiple sources, in detail; identify and resolves issues before they transpire.
Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.
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.
The annualized base pay range for this role is $119,483 to $155,000. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several 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.
84674 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent
What's in it for you?
Let's care about everything that makes you, you
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. Please feel free to discuss flexible working arrangements with us.
Let's care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
Let's care for your opportunities to progress
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
Let's care for life's twists and turns
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.
Let's care for our society and our planet
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Care to join us?
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 matters, 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.
#LI-DNI
#LI-Hybrid