Underwriting Specialist - Construction, Allianz

Allianz

Location:
Canada, Remote

Category:
Insurance

Contract Type:
Not provided

Salary:

107625.00 - 167534.00 USD / Year

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Job Description:

We are looking for an Underwriting Specialist – Construction for our Inland Marine team. We need an underwriter with experience in Construction, Transportation, and low/medium hazard Property risks. The ideal candidate for this role is one who is skilled in underwriting builder's risk, contractor's equipment, annual programs, master builder's risk, motor truck cargo, APD, railroad rolling stock, warehouse legal, renewable property, and low complexity property accounts. This role is remote for individuals in Canada.

Job Responsibility:

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
Underwrite International Insurance Programs
Underwrite in line with LoB governance framework
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
File maintenance
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
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
Proactively liaise with MMC on market management initiatives
Positively represent AzC externally to the market
Proactively drive involvement of functional areas in Underwriting process
Develop and maintain strong relationships with key producers and clients and other relevant stakeholders

Requirements:

5-7 years’ significant experience in Underwriting profitable construction, transportation, inland marine, and low/medium hazard property risks
Specialized expert understanding of sub-LoB products and portfolio
Builder’s risk, contractor’s equipment, annual programs, master builder’s risk
Motor Truck Cargo, APD, Railroad Rolling stock, Warehouse Legal
Renewable property, low complexity properties
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 complex, global matrix organization
Preferably a bachelor’s degree in insurance, Risk Management, Finance, Economics or Business Administration
Completion of professional insurance qualification (e.g. CII)
Ability to assess risk inherent exposures and natural hazards relevant to LoB
Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance
Apply the knowledge of 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
Use general office application tools e.g. Power Point, Excel, Word
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

Nice to have:

Completion of professional insurance qualification (e.g. CII)
Experience working in complex, global matrix organization
Ability to utilize AI tools to support day-today tasks, improve efficiency, and contribute to data-driven decision-making

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
Private healthcare
Generous parental leave benefits
Opportunities to be engaged in shaping a future that is safe, inclusive, and sustainable

Additional Information:

Job Posted:
May 08, 2025

Employment Type:

Fulltime

Work Type:

Remote work

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Underwriting Specialist - Construction