Executive Underwriter, Allianz

Allianz

Location:
United States, San Francisco ▼
Los Angeles

Category:
Insurance

Contract Type:
Not provided

Salary:

144556.00 - 225052.00 USD / Year

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Job Description:

This role involves underwriting profitable new and renewal business for corporate property insurance in line with organizational targets, managing and training underwriting teams, and developing key relationships with stakeholders within the regional and international insurance market. Allianz Commercial (AzC) specializes in large-scale property insurance, offering tailored coverage solutions for major clients worldwide.

Job Responsibility:

Contribute to development and execution of regional Underwriting strategy for LoB regionally
Training, developing and coaching of experienced staff (including Senior Underwriters)
Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
Delegate work as appropriate
Underwrite new and renewal accounts to meet top and bottom-line targets (local and/or regional)
Negotiate price and terms and conditions with producers
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)
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)
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
Participate/contribute to key projects
Training and development of underwriters in lob, e.g., Associate Underwriters and Underwriters
Referral point for other underwriters
Participate in cross regional activities as required/requested

Requirements:

A minimum 7 years’ proven track record in underwriting profitable Property business with greater than 7 years’ property experience
In depth understanding of lob products, portfolio, regional/local insurance markets and competitor landscape
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
Apply 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

Nice to have:

Experience underwriting property insurance products such as large commercial property risks, manufacturing, real estate, retail, public entity, and healthcare facilities
Broker experience in this line of business

What we offer:

Hybrid working model
Great compensation and benefits package, including a generous bonus scheme and pension
Career development and digital learning programs
Opportunities for international career mobility
Support for flexible working, health, and wellbeing (including private healthcare and generous parental leave benefits)
Return-to-work programs for career breaks
Opportunities to engage in shaping a safe, inclusive, and sustainable future

Additional Information:

Job Posted:
May 05, 2025

Employment Type:

Fulltime

Work Type:

Remote work

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Executive Underwriter