Executive Underwriter - Financial Lines, Allianz

Allianz

Location:
Canada, Toronto

Category:
Finance

Contract Type:
Not provided

Salary:

119573.00 - 186155.00 USD / Year

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Job Description:

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. Our Financial Lines team is currently looking for an Executive Underwriter based in our Toronto office. This is a hybrid role.

Job Responsibility:

Underwrite profitable new and renewal business to meet Line of Business (Lob) targets in accordance with guidelines and underwriting authority
Negotiate price, terms and conditions
Develop and maintain strong relationships with producers and clients in partnership with Market Management
Develop and maintain strong relationships with Canada Lob leaders and underwriters to cross-sell and cross-market as a team
Collaborate with global leaders to monitor, support and govern all aspects of the Canada Cyber MGA partner and other MGA's partners in Canada within the Financial Lines product line
Contribute to the execution of the regional Underwriting strategy for the LoB in Canada
Monitor, support, govern and collaborate on all aspects of the Canada Cyber MGA partner and other MGA's partners in Canada within the Financial Lines product line
Underwrite new and renewal accounts to meet top and bottom line targets
Negotiate price and terms and conditions with producers. Proactively manage capacity
Positively represent Allianz Commercial externally to the Canadian market
Collaborate with regional and global product experts and leaders and with other functional areas including ARC, Claims, Operations etc
Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. Risk Managers)
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)

Requirements:

Bachelor’s Degree, preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration
5-7 years experience in proven track record in Underwriting profitable business in D&O and Cyber
5-7 years experience in depth understanding of LoB(s) products and portfolio
5-7 years experience in depth understanding of local LoB (s) insurance markets and competitor landscape
5-7 years experience in demonstrable, established relationships with brokers at peer group level and well established within local market

What we offer:

hybrid working model
great compensation and benefits package
generous bonus scheme and pension
career development and digital learning programs
international career mobility
support for flexible working
health and wellbeing (including private healthcare and generous parental leave benefits)
opportunities to be engaged in shaping a future that is safe, inclusive and sustainable

Additional Information:

Job Posted:
May 04, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Executive Underwriter - Financial Lines