Cargo Underwriting Product Manager at Allianz Technology

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

20 Dec, 25

Salary

217550.0

Posted On

21 Sep, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Marine Insurance, Data Analysis, Regulatory Knowledge, Market Trends, Broker Relationships, Profitability Analysis, Training Development, AI Utilization, Communication Skills, Strategic Development, Governance Framework, Claims Review, Portfolio Management, Risk Management, Product Development

Industry

Financial Services

Description

Your Team With one of the largest, most experienced networks of cargo insurance specialists, claims experts and risk consultants in the business, AzC delivers local solutions for marine cargo risks in more than 200 countries and territories. At Allianz we offer coverage for international transit, domestic transit, stock through-put, project cargo (including delay in start-up) and tailored coverages with specialized wording linked to industry segments. The Impact You Will Have Reporting to the Head of Global Technical Office/Global Product Leader Cargo, this position will support achieving the underwriting results in defined line of business globally; including providing underwriting direction and support, as well acting as referral manager for Cargo business that exceeds local underwriting authority. Some of your specific responsibilities could include: Researching information on competitive trends, product line trends, producer trends, and external environment, including legal, economic, demographic and distribution trends in accordance with the underwriting strategies and regulatory environment. Recommending new and revised products and programs, underwriting standards and procedures, and provide guidance on pricing within the regions. Monitoring a consistent underwriting governance framework for the Marine as well as product result and you will develop proposals to maximize profitability, including the review of claims/large losses/trends. Drive implementation of underwriting guidelines, rules and principles, conditions, pricing tools and best practice processes and standards. Complete business reviews to ensure quality of execution of local underwriting. Support the development and implementation of global MSU, UW guidelines, rules & principles, best practice processes & standards. Review and support referrals within area of expertise that exceed Product Lead Authority. Ensure appropriate training programs are implemented and maintained to develop the level of underwriting expertise needed. Support steering of Global Practice Group process, to drive continuous development of UW expertise through practice. Proactively manage and steer NatCat exposure (in liaison with CAT Risk Mgmt and NCCSD). Carry out qualitative analysis, management of the portfolio incl. profitability analysis (e. g. trades, distribution channels etc.) and KPI reporting. What You’ll Bring to the Role – Significant experience in Underwriting profitable business in Marine. Specialized expert in understanding multiple sub-Line of Business products and portfolio. Demonstrable, established relationships with brokers at peer group level and well established within market. Specialized understanding of regional / local Line of Marine/Cargo Business insurance markets and competitor landscape, including global elements. Good understanding of legal and regulatory framework as well as the insurance industry, intermediary operations, insurance laws and general business operations and a comprehensive knowledge of competition and marketing conditions. Knowledge of AzC and competitor marketing, sales, and UW strategies for assigned Marine. Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire. Ability to develop, implement and communicate strategies to address important trends or changes in the business. Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story. The ability to utilize AI tools to support day-today tasks, improve efficiency, and contribute to data-driven decision-making is valuable. A willingness to learn and explore how AI can enhance your role and the broader organization is expected. The annualized base pay range for this role is $121,188 - $217,550. 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.

Responsibilities

The Cargo Underwriting Product Manager will support achieving underwriting results globally by providing direction and acting as a referral manager for Cargo business. Responsibilities include researching competitive trends, recommending new products, and monitoring underwriting governance frameworks.