Senior Underwriter - Financial Lines

Allianz Commercial; San Francisco (CA); Hybrid; USD 100,000 - 135,000; Full time

Benefits offered by this job

Hybrid work model

Annual bonus

Private healthcare

Pension plan

Job summary

Allianz Commercial seeks a Senior Underwriter for Financial Lines, based in California with options in San Francisco or Los Angeles. You will evaluate complex commercial accounts, build broker relationships, and shape regional underwriting strategy while mentoring junior underwriters.

The role blends leadership, analytics, and client management in a cross‑functional team. The team emphasizes collaboration across markets, governance adherence, and delivering a seamless broker/client experience,

Qualifications

• 5+ years of underwriting experience in Financial Lines or related commercial insurance
• Strong knowledge of the U.S. commercial insurance market
• Ability to assess complex risks and interpret data from multiple sources
• Established broker and client relationships; credibility at all levels
• Bachelor's degree preferred; AI awareness is a plus

Responsibilities

• Underwrite new and renewal accounts, negotiating pricing, terms, and conditions with brokers
• Manage capacity and evaluate risk across a diverse book of business
• Ensure governance standards, guidelines, authority levels, and compliance
• Oversee accurate policy documentation, file maintenance, and admin processes
• Collaborate with Market Management, Claims, Operations and other teams
• Support acquisition of new business and retention of existing accounts
• Manage referrals from other underwriters and re-evaluate complex accounts

Skills

Underwriting

Portfolio management

Broker relationships

Analytical skills

Communication

Mentoring

Education

Bachelor's degree

Job description

We're seeking a Senior Underwriter, Financial Lines to join our team either in San Francisco or Los Angeles. In this role, you'll evaluate and manage a portfolio of complex commercial insurance accounts, build meaningful relationships with brokers and clients, and play a key part in shaping our regional underwriting strategy. If you enjoy solving problems, negotiating creative solutions, and mentoring others, this could be the right fit for you.

Your Team

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 Allianz Commercial Property network.

Our experience speaks for itself, insuring the majority of Allianz Commercial Property Fortune 500 companies, managing over 1000 Allianz Commercial property insurance programs, and fielding an underwriting team averaging over 20 years’ experience, backed up a worldwide team of risk consultants and claims specialists.

When it comes to underwriting insurance products for well‑known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!

The Impact You Will Have

• Drive profitable growth by evaluating new and renewal business opportunities and making sound decisions that support our financial goals
• Serve as a trusted advisor to key brokers and clients, strengthening partnerships that fuel long‑term success
• Help shape the direction of our Financial Lines portfolio by contributing to regional underwriting strategy
• Elevate the team by coaching and developing junior underwriters and supporting colleagues across the organization
• Represent Allianz Commercial in the marketplace, building our reputation as a carrier of choice

Some Of Your Responsibilities Could Include

• Underwriting new and renewal accounts to meet growth and profitability targets, including negotiating pricing, terms, and conditions with brokers
• Managing capacity and evaluating risk across a diverse book of business
• Ensuring all accounts meet our governance standards, including adherence to underwriting guidelines, authority levels, and compliance requirements
• Overseeing accurate and timely policy documentation, file maintenance, and administrative processes
• Collaborating with Market Management, Claims, Operations, and other teams to deliver a seamless experience for brokers and clients
• Supporting the acquisition of new business and retention of existing accounts through proactive outreach and relationship building
• Managing referrals from other underwriters and re‑evaluating complex accounts as needed

What You'll Bring To The Role

• Experience: 5+ years of underwriting experience in Financial Lines or a related commercial insurance line of business, with a proven track record of managing a profitable portfolio
• Industry Knowledge: Solid understanding of the U.S. commercial insurance market, including the competitive landscape and regulatory environment
• Analytical Strength: Ability to assess complex risks, interpret data from multiple sources, and make well‑informed decisions
• Relationship Skills: Established broker and client relationships, with the ability to build trust and credibility at all levels
• Communication: Clear and confident communicator, both in writing and in person, with the ability to present ideas persuasively
• Collaboration: Comfortable working across teams and within a global organization; able to influence and motivate others without direct authority
• Contract Knowledge: Experience drafting and interpreting policy language and coverage terms
• Education: Bachelor's degree preferred, ideally in Economics, Finance, Insurance Management, Business Administration, or a related field
• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.

The annualized base pay range for this role is $99,554 - $135,000/year. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of 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.

106277 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

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 is the center of expertise of Allianz Group, insuring mid‑sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family‑owned and medium‑enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

People With Disabilities

If you need any adjustments to be made during the application and selection process, please email [e-mail]

Join us.

Let's care for tomorrow.