Allianz Commercial
Underwriting Specialist - Inland Marine
Allianz Commercial, Chicago, Illinois, United States, 60290
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 worldwide. With a depth and breadth of marine capabilities unmatched in the industry, Allianz offers a broad portfolio of highly customizable products and an almost unlimited appetite for complex marine accounts that require innovative solutions.
Our Inland Marine and Related Property Insurance solutions cover over 100 classes of business, addressing all aspects of movable property—from buildings under construction to shipments of valuable art. Our underwriters provide flexible and creative solutions for even the most challenging inland marine exposures.
The Impact You Will Have Reporting to the Senior Underwriting Team Lead Midwest, this position will underwrite profitable new and renewal business to meet regional line‑of‑business targets, including global elements. You will own large accounts and clients, negotiate participation, pricing, and terms, provide training and development for the team, and act as a referral point for underwriters. You will develop and maintain strong relationships with brokers and clients and specialize as a technical lead for at least one sub‑line of business.
Responsibilities
Underwrite new and renewal accounts to meet top‑ and bottom‑line targets; negotiate price and terms with producers; proactively manage capacity.
Evaluate Natural Catastrophe accumulation, ensuring understanding of catastrophe modelling and scenario interpretation for relevant LOBs.
Underwrite International Insurance Programs for relevant LOBs.
Underwrite in line with the LoB governance framework—underwriting authorities, global MSU, underwriting guidelines, rules, and principles.
Ensure contract certainty is achieved upon inception and that global pricing tools are utilized.
Place and bind FAC reinsurance prior to policy inception.
Ensure accurate policy documentation is issued to producers (or that producers issue documentation where required).
Maintain file integrity—electronic or paper—and support policy administration and credit control processes.
Contribute to the development and execution of the regional underwriting strategy.
Train, develop, and coach less experienced staff, including underwriters.
Manage complex referrals from underwriters and spokes, re‑underwriting complex business as appropriate.
Liaise with MMC on market‑management initiatives and support acquisition of new and retention of existing business.
Represent AzC externally, fostering relationships with key producers, clients, and stakeholders such as risk managers.
Drive involvement of functional areas (MMC, ARC, Claims, Operations) in the underwriting process.
What You’ll Bring to the Role
A minimum of 5 years’ significant experience underwriting profitable inland marine business with specialized expert understanding of sub‑LoB products and portfolio.
Specialized understanding of regional/local LoB insurance markets and competitor landscape, including global elements.
Recognized relationships with brokers at the peer group level and a strong presence within the market.
Ideal candidate will have worked as an underwriter or account executive, well versed in multiple inland marine products such as construction, transportation, miscellaneous coverages, and property (builder’s risk, contractor’s equipment, motortruck cargo, physical damage, mono‑line property for small‑to‑medium risks, and scheduled property floaters).
Good understanding of legal and regulatory frameworks and experience working in a complex, global matrix organization.
Preferably a bachelor’s degree in Risk Management, Insurance, Business Administration, Finance, or Economics, plus completion of a professional insurance qualification.
Ability to assess risk and natural hazards relevant to the LoB; analyze current performance against benchmarks and market dynamics.
Design, develop, and implement consistent, robust policy wordings and a comprehensive understanding of the policy administration life cycle.
Ability to analyze highly complex data from multiple sources, identifying and resolving issues proactively.
Strong written and verbal communication skills, with the ability to “sell” ideas and motivate others without executive authority.
Proficiency in general office applications (PowerPoint, Excel, Word).
Willingness to utilize AI tools to enhance day‑to‑day tasks and support data‑driven decision‑making.
Applicants Eligibility 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.
Compensation The annualized base pay range for this role is $103,461 – $161,017. The base salary is one component of the AzC total compensation package. Employees may also be eligible for annual performance‑based cash incentive awards.
Benefits & Culture
Hybrid working model with flexible arrangements.
Competitive compensation and benefits, including a generous bonus scheme and pension.
Career development and digital learning programs, international career mobility, and lifelong learning opportunities.
Support for flexible working, health, and well‑being, including private healthcare and generous parental leave benefits.
Opportunities to engage in sustainable and inclusive initiatives.
EEO Statement Allianz is an equal‑opportunity employer and welcomes applications from individuals of all races, ethnicities, platforms, ages, genders, nationalities, religions, disabilities, sexual orientations, and any other characteristics protected under applicable local laws. Diversity of thinking is an important part of our company culture.
Recruitment Agencies AzC has an in‑house recruitment team. We do not accept unsolicited resumes from agencies or search firms. Fees will not be paid if a candidate submitted without an agreement is hired. Use of agencies requires a PSL agreement; otherwise applicants may be disqualified.
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Our Inland Marine and Related Property Insurance solutions cover over 100 classes of business, addressing all aspects of movable property—from buildings under construction to shipments of valuable art. Our underwriters provide flexible and creative solutions for even the most challenging inland marine exposures.
The Impact You Will Have Reporting to the Senior Underwriting Team Lead Midwest, this position will underwrite profitable new and renewal business to meet regional line‑of‑business targets, including global elements. You will own large accounts and clients, negotiate participation, pricing, and terms, provide training and development for the team, and act as a referral point for underwriters. You will develop and maintain strong relationships with brokers and clients and specialize as a technical lead for at least one sub‑line of business.
Responsibilities
Underwrite new and renewal accounts to meet top‑ and bottom‑line targets; negotiate price and terms with producers; proactively manage capacity.
Evaluate Natural Catastrophe accumulation, ensuring understanding of catastrophe modelling and scenario interpretation for relevant LOBs.
Underwrite International Insurance Programs for relevant LOBs.
Underwrite in line with the LoB governance framework—underwriting authorities, global MSU, underwriting guidelines, rules, and principles.
Ensure contract certainty is achieved upon inception and that global pricing tools are utilized.
Place and bind FAC reinsurance prior to policy inception.
Ensure accurate policy documentation is issued to producers (or that producers issue documentation where required).
Maintain file integrity—electronic or paper—and support policy administration and credit control processes.
Contribute to the development and execution of the regional underwriting strategy.
Train, develop, and coach less experienced staff, including underwriters.
Manage complex referrals from underwriters and spokes, re‑underwriting complex business as appropriate.
Liaise with MMC on market‑management initiatives and support acquisition of new and retention of existing business.
Represent AzC externally, fostering relationships with key producers, clients, and stakeholders such as risk managers.
Drive involvement of functional areas (MMC, ARC, Claims, Operations) in the underwriting process.
What You’ll Bring to the Role
A minimum of 5 years’ significant experience underwriting profitable inland marine business with specialized expert understanding of sub‑LoB products and portfolio.
Specialized understanding of regional/local LoB insurance markets and competitor landscape, including global elements.
Recognized relationships with brokers at the peer group level and a strong presence within the market.
Ideal candidate will have worked as an underwriter or account executive, well versed in multiple inland marine products such as construction, transportation, miscellaneous coverages, and property (builder’s risk, contractor’s equipment, motortruck cargo, physical damage, mono‑line property for small‑to‑medium risks, and scheduled property floaters).
Good understanding of legal and regulatory frameworks and experience working in a complex, global matrix organization.
Preferably a bachelor’s degree in Risk Management, Insurance, Business Administration, Finance, or Economics, plus completion of a professional insurance qualification.
Ability to assess risk and natural hazards relevant to the LoB; analyze current performance against benchmarks and market dynamics.
Design, develop, and implement consistent, robust policy wordings and a comprehensive understanding of the policy administration life cycle.
Ability to analyze highly complex data from multiple sources, identifying and resolving issues proactively.
Strong written and verbal communication skills, with the ability to “sell” ideas and motivate others without executive authority.
Proficiency in general office applications (PowerPoint, Excel, Word).
Willingness to utilize AI tools to enhance day‑to‑day tasks and support data‑driven decision‑making.
Applicants Eligibility 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.
Compensation The annualized base pay range for this role is $103,461 – $161,017. The base salary is one component of the AzC total compensation package. Employees may also be eligible for annual performance‑based cash incentive awards.
Benefits & Culture
Hybrid working model with flexible arrangements.
Competitive compensation and benefits, including a generous bonus scheme and pension.
Career development and digital learning programs, international career mobility, and lifelong learning opportunities.
Support for flexible working, health, and well‑being, including private healthcare and generous parental leave benefits.
Opportunities to engage in sustainable and inclusive initiatives.
EEO Statement Allianz is an equal‑opportunity employer and welcomes applications from individuals of all races, ethnicities, platforms, ages, genders, nationalities, religions, disabilities, sexual orientations, and any other characteristics protected under applicable local laws. Diversity of thinking is an important part of our company culture.
Recruitment Agencies AzC has an in‑house recruitment team. We do not accept unsolicited resumes from agencies or search firms. Fees will not be paid if a candidate submitted without an agreement is hired. Use of agencies requires a PSL agreement; otherwise applicants may be disqualified.
#J-18808-Ljbffr