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Underwriting Specialist - Professional Indemnity

https://www.allianz.com Logo

Allianz

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Location:
United States , New York

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Category:

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Contract Type:
Not provided

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Salary:

134147.00 - 229966.00 USD / Year

Job Description:

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, AzC has the major risks covered when it comes to protecting businesses. Our Professional Indemnity Financial Lines team is currently looking for an Underwriting Specialist based in Chicago or New York. This is a hybrid role.

Job Responsibility:

  • Underwrite profitable new and renewal business to meet Line of Business (LoB) targets regionally in accordance with underwriting guidelines and underwriting authority
  • Participate in the development and execution of Zonal Underwriting strategy for LoB(s) and work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross- selling
  • Underwrite new and renewal accounts to meet top and bottom-line targets
  • Negotiate price and terms and conditions with producers
  • Underwrite in line with Financial Lines governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
  • Proactively support completion of policy administration and credit control processes
  • Contribute to development and execution of zonal Underwriting strategy for LoB
  • Training, developing and coaching of less experienced staff (including Underwriters)
  • Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
  • Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)

Requirements:

  • 5-7 years' experience in Underwriting profitable business in Professional Indemnity
  • Specialized expert understanding of Miscellaneous Professional, Lawyers Professional, Accountants Professional, and/or Insurance Agents & Brokers
  • 5-7 years' experience in demonstrating established relationships with brokers at peer group level and well established within market
  • 5-7 years' experience in specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements
  • 3-5 years' experience in good understanding of legal and regulatory framework
  • 3-5 years' experience working in complex, global matrix organization
  • College degree preferably in Economics, Finance, Insurance Management, or Business Administration
  • Completion of professional insurance qualification (e.g. CII, RPLU) is a plus

Nice to have:

Completion of professional insurance qualification (e.g. CII, RPLU)

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 (including private healthcare and generous parental leave benefits)
  • Opportunities to be engaged in shaping a future that is safe, inclusive and sustainable

Additional Information:

Job Posted:
March 24, 2025

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