Senior Underwriter - Property

Allianz; New York (NY); Hybrid; USD 100,000 - 135,000; Full time

Job summary

A leading company specializing in corporate property insurance seeks a Senior Underwriter for their New York office. In this role, you will be responsible for underwriting new and renewal business and maintaining strong relationships with clients and producers. Candidates should have at least 3 years' experience in property underwriting and strong analytical skills. The company promotes a hybrid work model and offers a competitive compensation package including bonuses.

Benefits

Generous bonus scheme

Flexible working arrangements

Health and wellbeing support

Qualifications

• A minimum 3 years’ proven track record in underwriting profitable Property business.
• In-depth understanding of portfolio and local insurance markets.
• Ability to analyze complex data and risk exposures.

Responsibilities

• Underwrite new and renewal accounts to meet targets, including negotiating prices and terms.
• Develop and maintain relationships with brokers and clients.
• Ensure accurate policy documentation is issued.

Skills

Risk assessment

Negotiation

Data analysis

Education

Bachelor’s degree in Insurance, Risk Management, Finance, Economics, or Business Administration

Job description

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We are looking for a Senior Underwriter in New York for our property line of business.

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 global network.

Our experience speaks for itself, insuring the majority of Global Fortune 500 companies, managing over 1000 global 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

Reporting to the Regional Property Leader - Northeast, this position will take prime responsibility for underwriting profitable new and renewal business to meet LoB(s) targets in accordance with underwriting guidelines and underwriting authority. You will negotiate price and terms and conditions, as well as develop and maintain strong relationships with producers and clients in partnership with Market Management. You will take ownership of large/key accounts and clients including negotiation of participation, pricing and terms and conditions.

Some of your specific responsibilities could include:

• Underwriting new and renewal accounts to meet top and bottom-line targets (local and/or regional), including negotiating price and terms and conditions with producers and proactively managing capacity. Underwriting and evaluating Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs).
• Positively representing AzC externally to the market. Proactively driving involvement of functional areas in Underwriting process, including MMC, ARC, Claims and Operations. Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g., risk managers).
• Ensuring accurate policy documentation issued to producers (where AzC responsibility to do so) or producer has issued documentation (where producer responsibility). Ensuring file is established (whether electronic or paper) and maintained for each risk and transaction handled. Proactively supporting completion of policy administration and credit control processes.
• Proactively supporting acquisition of new business and retention of existing business (including client and producer negotiations where necessary) and liaising with MMC on market management initiatives.
• Participate/contribute to key projects.
  
  

What You’ll Bring To The Role –

• A minimum 3 years’ proven track record in underwriting profitable Property business.
• 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!
• 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. Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented. Apply 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 resolves issues before they transpire.
  
  

The annualized base pay range for this role is $100,000 to $135,000. 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.

74061 | 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 (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:

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial 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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Financial Services and Insurance

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