Underwriter - Financial Lines (Management Liability Coverage - Private) at Allianz Global Corporate & Specialty SE

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

27 Dec, 25

Salary

122071.0

Posted On

28 Sep, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Financial Lines, Negotiation, Risk Analysis, Policy Administration, Coaching, Relationship Management, Business Acquisition, Claims History Review, Market Understanding, Legal Framework, Artificial Intelligence, Machine Learning, Training, Development, Credit Control

Industry

Financial Services

Description

Our Financial Lines – MLC Private team is currently looking for an Underwriter based in Chicago. This is a hybrid role. Your Team Allianz Commercial (AzC) employs the brightest, most passionate people in the insurance industry. We’d love for you to join our growing team! We invest in our people through training and professional development while supporting you along the way—all so you can meet your career goals. To us, the most important measure of our success is yours. The Impact You Will Have Underwrite profitable new and renewal business to meet Line of Business (LoB) targets regionally in accordance with underwriting guidelines and underwriting authority. Some of your specific responsibilities could include: Underwrite new and renewal MLC - Private accounts to meet top and bottom line targets Negotiate price and terms and conditions with producers Underwrite in line with Financial Lines governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles Conduct thorough underwriting analysis of private companies, including reviewing financial statements, risk exposures, and claims history. Proactively support completion of policy administration and credit control processes Training, developing and coaching of less experienced staff (including Underwriters) Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary) Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders What You’ll Bring to the Role 1-3 years experience in proven track record in Underwriting profitable business in Financial Lines 1-3 years experience in demonstrating established relationships with brokers at peer group level and established within market 1-3 years experience in understanding of regional / local LoB insurance markets and competitor landscape 1-3 years experience in understanding of legal and regulatory framework College degree preferably in Economics, Finance, Insurance Management, or Business Administration Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is preferred The annualized base pay range for this role is $78,375 - $122,071. The annual base salary range represents nationwide market range. The actual salary for this position may be above and will be determined by a number of 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. 77600 | Underwriting | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent

Responsibilities

Underwrite profitable new and renewal business to meet Line of Business targets. Conduct thorough underwriting analysis of private companies and support policy administration processes.