Underwriting Specialist - Energy, Allianz

Allianz

Location:
United States, Houston ▼
Alpharetta
Chicago
New York

Category:
Insurance

Contract Type:
Not provided

Salary:

102556.00 - 189931.00 USD / Year

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Job Description:

Allianz Commercial (AzC) is looking for an Underwriting Specialist skilled in underwriting energy accounts (i.e. power generation, mining, onshore & offshore oil & gas, and construction) for our Large Builders Risk team. The role is hybrid schedule based in one of the following office locations: New York City, Alpharetta, Georgia; Houston, Texas; or Chicago, Illinois.

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:

A minimum 5-7 years’ significant experience in Underwriting profitable Energy business with specialized expert understanding of sub-LoB products and portfolio
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 a complex global matrix organization
Preferably a bachelor’s degree in Insurance, Risk Management, Finance, Economics, Business Administration, Law or other appropriate discipline
Completion of a professional insurance qualification
Ability to assess risk inherent exposures and natural hazards relevant to LoB
Analyze current performance against benchmarks applying 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
Ability to analyze highly complex data, from multiple sources, in detail
identify and resolve issues before they transpire
Ability to lead and manage a team of underwriters
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

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:
April 24, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Underwriting Specialist - Energy