Executive Underwriter - Inland Marine at Allianz Global Corporate & Specialty SE

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

26 Dec, 25

Salary

225052.0

Posted On

27 Sep, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Negotiation, Risk Management, Relationship Management, Natural Catastrophe Accumulation, Market Management, Policy Documentation, File Maintenance, Business Acquisition, Training, Data Analysis, Communication, AI Tools, Portfolio Management, Trend Analysis, Problem Solving

Industry

Financial Services

Description

Your Team Allianz Commercial (AzC) is one of the largest marine insurers in the world and is a leader in inland marine insurance and related property coverage across North America and various worldwide locations. With a depth and breadth of marine capabilities that are unmatched in the industry. Allianz offers a broad portfolio of highly customizable products and an almost unlimited appetite for complex marine accounts that demand innovative solutions. Our Inland Marine and Related Property Insurance solutions cover over 100 classes of business, covering all aspects of moving or movable property. Whether it's a building under construction or a shipment of an original Picasso, our inland marine insurance underwriters provide flexible and creative solutions for the most challenging of inland marine exposures. The Impact You Will Have Reporting to the Northeast Zone Leader – Inland Marine, this position will take prime responsibility for underwriting profitable new and renewal business to meet the inland marine line of business targets in accordance with underwriting guidelines and underwriting authority. In addition, negotiate pricing, and terms and conditions, own key accounts/clients, while developing and maintaining strong relationships with producers and clients in partnership with Market Management. Coach and mentor underwriters. Some of your specific responsibilities could include: Participate in the development and execution of regional Underwriting strategy for LoB(s). Work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross- selling. Underwriting new and renewal accounts to meet top and bottom-line targets. Negotiate price and terms and conditions with producers. Proactively manage capacity. Underwriter and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs). Positively represent AzC externally to the market. Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations. Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. risk managers). Ensure accurate policy documentation issued to producers (where AzC responsibility to do so) or producers has issued documentation (where producer responsibility). File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled. Proactively support completion of policy administration and credit control processes. Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary). Proactively liaise with MMC on market management initiatives. Participate/contribute to key projects. Training and development of underwriters in Lob, e.g. Associate Underwriters and Underwriters. Referral point for other underwriters. Participate in cross regional activities as required/requested. What You’ll Bring to the Role – 11 plus years’ proven track record in underwriting profitable inland marine business. In depth understanding of LoB(s) products and portfolio. In depth understanding of regional/local LoB(s) insurance markets and competitor landscape. Demonstrable, established relationships with brokers at peer group level and well established within local market. Well versed in multiple inland marine products such as construction, transportation, miscellaneous coverages, and property (i.e., builder’s risk, contractor’s equipment, motortruck cargo, physical damage, mono line property for small to medium risks, and scheduled property floaters). We would also consider candidates who have a combination of 9 years’ inland marine underwriting experience and 2 years of property underwriting experience. Preferably a bachelor’s degree in Risk Management, Insurance, Business Administration, Finance or Economics. Completion of a professional insurance qualification. And completion of professional insurance qualification (e.g. CII) 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. Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance. Apply the knowledge of how the market operates and functions, the business needs and customer needs. Ability to Ability analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire. Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story. Use general office application tools e.g. Power Point, Excel, Word. Ability to persuade and motivate others to act, without executive authority. 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 $116,225 to $225,052. 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 Executive Underwriter will be responsible for underwriting profitable new and renewal business in the inland marine line, negotiating pricing and terms, and maintaining strong relationships with clients and producers. Additionally, the role involves coaching and mentoring underwriters and participating in the development of regional underwriting strategies.