Senior Underwriter - Construction

Allianz Global Risks US Insurance Compan; Houston (TX); Hybrid; USD 77,000 - 151,000; Full time

Job summary

Allianz Commercial is seeking a Senior Underwriter for the Construction Property line, located in Houston, Texas. The ideal candidate will have at least 5 years of underwriting experience in construction, strong negotiational skills, and the ability to assess and manage risk. This hybrid position requires relationship management with clients and producers and offers a comprehensive compensation package with opportunities for career growth.

Benefits

Generous bonus scheme

Pension plan

Career development programs

Flexible working arrangements

Health and wellbeing benefits

Private healthcare

Generous parental leave benefits

Qualifications

• Minimum 5 years’ experience in Underwriting construction property business.
• Established relationships with brokers at peer group level.
• Ability to assess risk inherent exposures and natural hazards.

Responsibilities

• Underwrite new and renewal accounts to meet LoB targets.
• Negotiate pricing and terms with producers.
• Develop and maintain strong relationships with producers and clients.

Skills

Underwriting

Negotiation

Relationship Management

Data Analysis

Education

Degree in Insurance, Risk Management, Finance, Economics, Business Administration

Tools

AI tools

Power Point

Excel

Word

Job description

If you are a current AzC employee and wish to refer a candidate for this role, please click here for instructions and eligibility criteria

Let’s care for tomorrow.

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.

We are looking for a Senior Underwriter for our Construction Property line of business. The ideal candidate will have experience underwriting large construction property accounts such as : builder’s risk, construction all risks (CAR), erection all risks (EAR), and civil construction / civil works. This role will is hybrid and will be based in one of the following locations to service brokers / clients : New York; Alpharetta, Georgia; Houston, Texas; or Chicago, IL.

Your Team

Allianz Commercial specializes in providing comprehensive and customized insurance and inspection products, services and solutions for companies in the energy and construction industries. As industrial specialists, Allianz Commercial has a long-standing tradition of supporting the energy & construction industries in North America.

Allianz Commercial’s highly experienced energy underwriters have a proven track record of finding flexible solutions to the challenges brokers and their clients face. We have expert energy & construction insurance teams who are backed up by Allianz Commercial’s market leading capacity and our ability to underwrite risks in over 200 countries and territories. Our underwriters are also able to deploy significant capacity on a global scale.

The Construction Block form by Allianz Commercial offers a breadth of new and enhanced coverages. We offer real estate developers, contractor’s, subcontractors, architects, and property owners coverage for buildings that are under construction, renovation, or repair, including : builders risk, contractor’s equipment, installation floaters, riggers liability, and related property.

The Impact You Will Have

Reporting to the Executive Underwriter Team Leader Construction, this position will underwrite profitable new and renewal business to meet LoB targets in accordance with underwriting guidelines and underwriting authority. Negotiate price and terms and conditions. Own key accounts / clients. Develop and maintain strong relationships with producers and clients in partnership with Market Management.

Some of your specific responsibilities could include :

• Support development and execution of regional Underwriting strategy for LoB(s). Support key business initiatives. Generate new producer relationships. Participate / contribute to key projects.
• 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 (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs)
• Underwrite in line with LoB governance framework - e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles. 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 (where AzC responsibility to do so) or producers has issued documentation (where producer responsibility). File maintenance – ensure file is established (whether electronic or paper) 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 (including client and producer negotiations where necessary). Proactively liaise with MMC on market management initiatives.
• Positively represent AzC externally to the market. Proactively drive involvement of functional areas in Underwriting process, including e.g., MMC, ARC, Claims, Operations. Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g., risk managers)

What You’ll Bring to the Role –

• A minimum 5 years’ proven track record in Underwriting profitable construction property business in LoB. In depth understanding of LoB(s) products and portfolio. In depth understanding of regional / local LoB(s) insurance markets and competitor landscape.
• Demonstrable, established relationships with brokers at peer group level and well established within local market.
• Preferably a degree in Insurance, Risk Management, Finance, Economics, Business Administration, or other appropriate discipline.
• Ability to assess risk inherent exposures and natural hazards relevant to LoB.
• Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented.
• 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.
• Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
• 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.

The annualized base pay range for this role is $77,531 to $150,464. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several factors, including the scope, complexity and location of the role, the skills, education, training, credentials, and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.

What’s in it for you?

Let’s care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns

From our support for flexible working, health, and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We ’ ve got your back.

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive, and sustainable, we care for the tomorrows of our people, our industry, and our clients.

Care to join us?

Allianz Commercial (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us by clicking here .

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic. Diversity of thinking is an important part of our company culture.

Recruitment Agencies :

AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could / may result in the disqualification of the candidates and / or the termination of our contract and / or fees not being paid.