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Underwriting Specialist - Property

https://www.allianz.com Logo

Allianz

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Location:
United States, Chicago

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Category:
Insurance

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Contract Type:
Not provided

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Salary:

103461.00 - 161017.00 USD / Year

Job Description:

Allianz Commercial (AzC) specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our global network.

Job Responsibility:

  • 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
  • Underwrite International Insurance Programs
  • 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
  • Ensure accurate policy documentation issued to producers
  • File maintenance – ensure file is established 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
  • Participate/contribute to key projects
  • Training and development of underwriters in lob

Requirements:

  • A minimum 5 years’ proven track record in underwriting profitable Property business with greater than 5 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
  • Ability to analyze highly complex data from multiple sources, in detail
  • identify and resolves issues before they transpire

Nice to have:

If you’ve underwritten property insurance products such as large commercial property risks, manufacturing, real estate, retail, public entity, and healthcare facilities, this job is for you! OR if you’ve worked this line of business in a broker role, that’s a plus!

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 02, 2025

Employment Type:
Fulltime
Work Type:
Hybrid work
Job Link Share:
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