Senior Underwriter - Builders Risk at Allianz Global Corporate & Specialty SE

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

31 Jan, 26

Salary

150464.0

Posted On

02 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Risk Assessment, Negotiation, Relationship Management, Catastrophe Modeling, Insurance Programs, Market Analysis, Data Analysis, Communication, AI Tools, Portfolio Management, Trend Analysis, File Maintenance, Policy Administration, Credit Control, Business Development

Industry

Financial Services

Description

Your Team Allianz Commercial specializes in providing comprehensive and customized insurance and inspection products, services and solutions for companies in the energy and construction industries. As industrial specialists, Allianz Commercial has a long-standing tradition of supporting the energy & construction industries in North America. Allianz Commercial’s highly experienced energy underwriters have a proven track record of finding flexible solutions to the challenges brokers and their clients face. We have expert energy & construction insurance teams who are backed up by Allianz Commercial’s market leading capacity and our ability to underwrite risks in over 200 countries and territories. Our underwriters are also able to deploy significant capacity on a global scale. The Construction Block form by Allianz Commercial offers a breadth of new and enhanced coverages. We offer real estate developers, contractor’s, subcontractors, architects, and property owners coverage for buildings that are under construction, renovation, or repair, including: builders risk, contractor’s equipment, installation floaters, riggers liability, and related property. The Impact You Will Have Reporting to the Executive Underwriter Team Leader Construction, this position will underwrite profitable new and renewal business to meet LoB targets in accordance with underwriting guidelines and underwriting authority. Negotiate price and terms and conditions. Own key accounts/clients. Develop and maintain strong relationships with producers and clients in partnership with Market Management. Some of your specific responsibilities could include: Support development and execution of regional Underwriting strategy for LoB(s). Support key business initiatives. Generate new producer relationships. Participate/contribute to key projects. 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 (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs) Underwrite in line with LoB governance framework - e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles. Ensure contract certainty is achieved on all accounts at time of inception. Ensure utilization of global pricing tools. Ensure placing and binding of FAC Reinsurance prior to policy inception. 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. 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) What You’ll Bring to the Role – A minimum 5 years’ proven track record in Underwriting profitable builders’ risk business in LoB. 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. Preferably a degree in Insurance, Risk Management, Finance, Economics, Business Administration, or other appropriate discipline. 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 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. Ability to persuade and motivate others to act, without executive authority. Use general office application tools e.g. Power Point, Excel, Word. 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. Applicants must be legally authorized to work in the United States and/Canada 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 $99,563 to $150,464. 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

Underwrite profitable new and renewal business to meet line of business targets while negotiating price and terms with producers. Develop and maintain strong relationships with producers and clients, and support the execution of regional underwriting strategies.