Underwriting Specialist - Builders Risk at Allianz Technology

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

20 Dec, 25

Salary

222776.0

Posted On

21 Sep, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Negotiation, Risk Assessment, Natural Catastrophe Accumulation, Insurance Programs, Policy Administration, Team Leadership, Client Relationship Management, Market Analysis, Legal Framework Understanding, Data Analysis, Training and Development, Capacity Management, Communication, AI Utilization, Broker Relationships

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 Impact You Will Have Reporting to the US Head of Construction Property/NA Practice Group Leader Construction, this position will underwrite profitable new and renewal business to meet the Construction line of business targets regionally including global elements. Ownership of large accounts/clients including negotiation of participation, pricing and terms and conditions. Training and development of team and referral point for underwriters. Develop and maintain strong relationships with brokers and clients. Specialized technical expertise /lead for at least one sub-LoB Some of your specific responsibilities could include: 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. Contribute to development and execution of regional Underwriting strategy for LoB regionally. Training, developing and coaching of less experienced staff (including Underwriters). Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate. Delegate work as appropriate. 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 5-7 years’ significant experience in Underwriting profitable Energy and Construction business with specialized expert understanding of sub-LoB products and portfolio. Recognized relationships with brokers at peer group level and well established within market. Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements. Good understanding of legal and regulatory framework. Experience working in a complex global matrix organization. Preferably a bachelor’s degree in Insurance, Risk Management, Finance, Economics, Business Administration, Law or other appropriate discipline. And completion of a professional insurance qualification. Ability to assess risk inherent exposures and natural hazards relevant to LoB. Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs. Design, develop and implement consistent, robust wordings. Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation. 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. Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire. Ability to lead and manage a team of underwriters. Includes the ability to delegate tasks, steer team direction/goals, etc. 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 $102,556 - $222,776. 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 for the Construction line of business, managing large accounts and negotiating terms. Develop and maintain strong relationships with brokers and clients while training and developing team members.