Sr. Underwriter - Cyber

Allianz Life Insurance; New York (NY); Hybrid; USD 99,000 - 151,000; Full time

Job summary

An established industry player seeks a Sr. Underwriter to join their dynamic Cyber team in New York. This hybrid role offers the chance to underwrite profitable new and renewal business while developing strong relationships with key brokers and clients. You'll play a vital role in ensuring compliance with underwriting guidelines and governance frameworks, while also mentoring less experienced staff. With a commitment to professional development and a comprehensive benefits package, this role is designed for those looking to advance their careers in a supportive and innovative environment.

Benefits

Flexible working arrangements

Generous bonus scheme

Private healthcare

Parental leave benefits

Career development programs

International career mobility

Qualifications

• 3-5 years of experience in underwriting profitable business in Cyber.
• Strong relationships with brokers and understanding of insurance markets.

Responsibilities

• Underwrite new and renewal accounts to meet targets.
• Negotiate price and terms with producers.

Skills

Underwriting

Cyber Insurance

Negotiation

Financial Analysis

Relationship Management

Education

Bachelor's Degree in Economics

Bachelor's Degree in Finance

Bachelor's Degree in Insurance Management

Bachelor's Degree in Business Administration

Tools

Artificial Intelligence (AI)

Machine Learning (ML)

Job description

Let's care for tomorrow. Your ambitions. Your dreams. Your tomorrow Whether it's aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

Our Cyber team is currently looking for a Sr. Underwriter based in New York. This is a hybrid role.

Your Team Allianz Commercial (AzC) employs the brightest, most passionate people in the insurance industry. We'd love for you to join our growing team! We invest in our people through training and professional development while supporting you along the way-all so you can meet your career goals. To us, the most important measure of our success is yours.

The Impact You Will Have Underwrite profitable new and renewal business to meet Line of Business (LoB) targets regionally in accordance with underwriting guidelines and underwriting authority.

Some of your specific responsibilities could include :

• 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.
• Conduct thorough underwriting analysis of Financial Institutions, including reviewing financial statements, risk exposures, and claims history.
• Proactively support completion of policy administration and credit control processes.
• 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.

What You'll Bring to the Role

• 3-5 years' experience in proven track record in Underwriting profitable business in CYBER.
• 3-5 years' experience in demonstrating established relationships with brokers at peer group level and established within market.
• 3-5 years' experience in understanding of regional / local LoB insurance markets and competitor landscape.
• 1-3 years' experience in understanding of legal and regulatory framework.
• 1-3 years' experience working in complex, global matrix organization.
• College degree preferably in Economics, Finance, Insurance Management, or Business Administration.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is preferred.

The annualized base pay range for this role is $99,563 - $150,064. The annual base salary range represents 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.

72118 | 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 : 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.

LI-SP1 #LI-Hybrid

Nearest Major Market : Manhattan Nearest Secondary Market : New York City