Senior Underwriter - Property
Company: Disability Solutions
Location: Chicago
Posted on: April 28, 2024
Job Description:
If you are a current AzC employee and wish to refer a candidate
for this role, please click for instructions and eligibility
criteria Cluster: Allianz Professional Let's care for tomorrow.
Your ambitions. Your dreams. Your tomorrow At Allianz Commercial
(AzC), we are the global leader for insuring corporate and
specialty risks in the Allianz Group. Whether it's aircraft,
satellites, the world's biggest ships and tallest building,
cyber-attacks, or climate change impacts, AzC has the major risks
covered when it comes to protecting businesses. We are looking for
a Senior Underwriter for our property line of business. This role
will be hybrid and based in our Chicago, Illinois office. 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
- Midwest Zone, this position will take prime responsibility for
underwriting profitable new and renewal business to meet LoB(s)
targets in accordance with underwriting guidelines and underwriting
authority. Negotiate price and terms and conditions. Ownership of
key accounts/clients. Develop and maintain strong relationships
with producers and clients in partnership with Market Management.
Some of your specific responsibilities could include:
- Underwrite new and renewal accounts to meet top and bottom-line
targets (local and/or regional). Negotiate participation, pricing
and terms and conditions with brokers. Proactively manage capacity.
Underwrite and evaluate Natural Catastrophe Accumulation, ensuring
an understanding of catastrophe modelling 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 accurate policy documentation issued to broker (where
AzC responsibility to do so) or broker has issued documentation
(where broker 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
- Support development and execution of regional Underwriting
strategy for LoB regionally. Training, developing and coaching of
less experienced staff (including junior underwriters, operations,
credit control). Manage standard 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 broker 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 brokers and clients and other
relevant stakeholders (e.g. risk managers) What You'll Bring to the
Role -
- A minimum 3 years' proven track record in underwriting
profitable Property business. With in good understanding of LoB(s)
products, portfolio, regional/local insurance markets, and
competitor landscape, legal and regulatory framework, with
experience working in a complex, global matrix organization
- If you've underwritten property insurance products such as
large commercial property risks, manufacturing, real estate,
retail, public entity, and healthcare facilities, this job is for
you!
- Demonstrable, established relationships with brokers at the
peer group level and well established within local market
- Preferably a bachelor's degree in Insurance, Risk Management,
Finance, Economics, or Business Administration.
- 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. The annualized base pay range for this role is $77,906
to $133,554. 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. 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 (AzC) is a global corporate insurance carrier and part
of Allianz Group. We provide risk consultancy, Property-Casualty
insurance solutions and alternative risk transfer for a wide
spectrum of commercial, corporate and specialty risks across 10
dedicated lines of business. Learn more about us by clicking .
Allianz is an equal opportunity employer, and therefore welcomes
applications regardless of ethnicity or cultural background, age,
gender, nationality, religion, disability, sexual orientation, or
any other protected characteristic. Diversity of thinking is an
important part of our company culture. Recruitment Agencies: AzC
has an in-house recruitment team, which focuses on sourcing great
candidates directly. AzC 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. #LI-NG1 #LI-Hybrid Nearest
Major Market: Chicago
Keywords: Disability Solutions, Oak Park , Senior Underwriter - Property, Accounting, Auditing , Chicago, Illinois
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