Student Intern - Construction Property Underwriting, Allianz

Allianz

Location:
United States, New York

Category:
Insurance

Contract Type:
Not provided

Salary:

23.00 USD / Hour

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Job Description:

We are looking for a Student Intern for our Construction Property Underwriting line of business, working a hybrid schedule based in the New York City office. The internship program will provide the opportunity to apply a macro understanding of risk in the real world by working side-by-side with our underwriting, risk consulting and operational support team professionals. Interns will participate in a wide range of learning and development opportunities including job shadows, attendance at internal meetings, speaking engagements and events designed to expose the intern to other areas of insurance.

Job Responsibility:

Exposure to the identification and analysis of risk and loss control advice
Continue exposure and education in the underwriting of the risk selection, and retention on accounts
Assist local NRC Large Construction Team in the Northeast Region to help with modeling requests, ARC request and work with the facultative desk on requests for Northeast Team underwriters
Manage large project pipeline’s
Support sanctions / rep risk check on accounts
Clean up some reports i.e. Treaty & Nat Cat
Data quality checks in Foundry
Organize policy wording folders both internal & external wordings
Assist with natcat risk assessments (NATHAN, FEMA, RMS Modeling, CATlas, etc.)
Read ARC GREAT reports and Geotech’s to pick out important pieces of information (foundation types, dewatering methods, assigned contractor, etc.)
Possibly sit with an engineer during their review
Assist with MBR maintenance
Attend broker lunches and happy hours
Sit in on NY huddle meetings & the biweekly US team meetings
Help formulate underwriting rationale on per project basis
Pulling data from various sources and enter into excel
Run reports to analyze the department book's performance and monitor progress
Scan and save file documentation retrieved from boxes into appropriate accounts
Create presentations for the department which details the features, advantages and benefits of new products
Development of complex Microsoft Word and Excel documents to be used as department templates
Collaborate on a proof of concept for a new product offering or research
Be given other projects that can be completed within the length of the internship
Assist with Admin tasks as required
Participate in a wide range of learning and development activities focused on immersing the intern into how insurance works.

Requirements:

Currently pursuing university or college degree in Business, Economics, Finance, Risk Management, Insurance or related discipline
Minimum GPA of 3.0
Knowledge of basic computer operations including a strong working knowledge of Excel and other MS office applications
Ability to apply field of study learnings to the internship
Knowledge of basic math skills – strong aptitude for numbers
Self-starter with the ability to work as a team member in a fast-paced dynamic environment
Ability to prioritize and meet deadlines
Strong oral and written communication
The ability to utilize AI tools to support day-to-day 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.

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.

Additional Information:

Job Posted:
May 15, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Student Intern - Construction Property Underwriting