Executive Underwriter - Property at Allianz Global Corporate & Specialty SE

Johns Creek, Georgia, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Jan, 26

Salary

195190.0

Posted On

04 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Negotiation, Relationship Management, Risk Assessment, Natural Catastrophe Accumulation, Training, Coaching, Market Management, Policy Documentation, Business Development, Data-Driven Decision Making, Insurance Products, Commercial Property, Portfolio Management, Catastrophe Modeling, Client Management

Industry

Financial Services

Description

We are looking for an Executive Underwriter – Commercial Property for our office in Alpharetta, Georgia 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 – Southeast, this position will take prime responsibility for underwriting profitable new and renewal business to meet Allianz Commercial Property 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: Underwrite profitable new and renewal business to meet Allianz Commercial Property targets in accordance with underwriting guidelines and underwriting authority Negotiate price and terms and conditions Training and development of team and referral point for senior underwriters Develop and maintain strong relationships with producers and clients in partnership with Market Management Ownership of large / key accounts and clients including negotiation of participation, pricing and terms and conditions Underwriting Strategy & Leadership Contribute to development and execution of regional Underwriting strategy for Allianz Commercial Property regionally Training, developing and coaching of experienced staff (including Senior Underwriters) Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate Delegate work as appropriate Underwrite Profitable business Underwrite new and renewal accounts to meet top and bottom line targets Negotiate price and terms and conditions with producers. Proactively manage capacity Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios. Underwrite International Insurance Programs (for relevant line of busines) Relationship Management Positively represent AGCS 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) Policy Documentation and Administration Ensure accurate policy documentation issued to producers (where AGCS 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 Market Management 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 Support Key Business Initiatives/Misc.: 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 Proven track record in Underwriting profitable business in LoB with greater than 7 years environmental experience Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration In depth understanding of Property products and portfolio In depth understanding of regional / local commercial property insurance markets and competitor landscape Demonstrable, established relationships with brokers at peer group level and well established within local market Ability to assess risk inherent exposures and natural hazards relevant to commercial property Ability to assess risk inherent exposures and natural hazards relevant to commercial property 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 utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making. The annualized base pay range for this role is $125,366 - $195,190. 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. 82415 | 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. 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 recruiters. 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-JB1 #LI_Hybrid

Responsibilities

The Executive Underwriter will be responsible for underwriting profitable new and renewal business, negotiating price and terms, and developing strong relationships with producers and clients. This role includes ownership of large/key accounts and contributing to the regional underwriting strategy.