Underwriting Specialist
3 weeks ago
We are looking for an Underwriting Specialist - Inland Marine with strong experience underwriting products/accounts such as transportation, trucking, and/or construction. This position is remote and candidates must reside in Illinois.
Your Team Allianz Commercial (AzC) is one of the largest marine insurers in the world and is a leader in inland marine insurance and related property coverage across North America and various worldwide locations. With a depth and breadth of marine capabilities that are unmatched in the industry. Allianz offers a broad portfolio of highly customizable products and an almost unlimited appetite for complex marine accounts that demand innovative solutions.
Our Inland Marine and Related Property Insurance solutions cover over 100 classes of business, covering all aspects of moving or movable property. Whether it's a building under construction or a shipment of an original Picasso, our inland marine insurance underwriters provide flexible and creative solutions for the most challenging of inland marine exposures.
The Impact You Will Have Reporting to the Midwest Zone Leader - Inland Marine, this position will underwrite profitable new and renewal business to meet the inland marine line of business targets regionally including global elements. Ownership of large accounts/clients including negotiation of participation, pricing and terms and conditions. Training and development of team and referral point for underwriters. Develop and maintain strong relationships with brokers and clients. Specialized technical expertise / lead for at least one sub-LoB.
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. 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.
- Contribute to development and execution of regional Underwriting strategy for LoB regionally. Training, developing and coaching of less experienced staff (including Underwriters). Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate. Delegate work as appropriate.
- 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' significant experience in Underwriting profitable inland marine business in LoB. Specialized expert understanding of sub-LoB products and portfolio. Recognized relationships with brokers at peer group level and well established within market. Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements. Good understanding of legal and regulatory framework. Experience working in complex, global matrix organization.
- Well versed in multiple inland marine products such as construction, transportation, miscellaneous coverages, and property (i.e., builder's risk, contractor's equipment, motortruck cargo, physical damage, mono line property for small to medium risks, and scheduled property floaters).
- Preferably a bachelor's degree in Risk Management, Insurance, Business Administration, Finance or Economics. Completion of a professional insurance qualification.
- Ability to assess risk inherent exposures and natural hazards relevant to LoB. Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs. Design, develop and implement consistent, robust wordings. Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
- 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. Use general office application tools e.g. Power Point, Excel, Word. Ability to persuade and motivate others to act, without executive authority.
The annualized base pay range for this role is $114,323 to $196,052. 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. #LI-NG1 #LI-Remote
Nearest Major Market: Chicago
-
Underwriting Specialist, Chemical
1 week ago
Chicago, United States AIG - American International Group, Inc. Full timeUnderwriting Specialist. Join us as an Underwriting Specialist to make a greater impact through your technical expertise and people skills. This could be the ideal chance to step up into your next Senior level role. Make your mark in Underwriting. AI Underwriting Specialist, Underwriting, Chemical, Specialist, Client Relations, Industry, Insurance
-
Underwriting Specialist, Chemical
1 week ago
Chicago, United States AIG - American International Group, Inc. Full timeUnderwriting Specialist. Join us as an Underwriting Specialist to make a greater impact through your technical expertise and people skills. This could be the ideal chance to step up into your next Senior level role. Make your mark in Underwriting. AI Underwriting Specialist, Underwriting, Chemical, Specialist, Client Relations, Industry, Insurance
-
Chicago, Illinois, United States Markel Full timeJob Title: Senior Underwriter/Underwriting Specialist/Executive UnderwriterMarkel Specialty Retail - West is seeking a highly skilled Senior Underwriter/Underwriting Specialist/Executive Underwriter to join our Commercial Management Liability team.Key Responsibilities:Review and analyze Management Liability risks to ensure profitability for...
-
Underwriting Specialist
1 month ago
Chicago, Illinois, United States PMA Companies Full timeJob Title: Sr Underwriting SpecialistJob Summary:PMA Companies is seeking a highly skilled Sr Underwriting Specialist to join our team. As a key member of our underwriting team, you will be responsible for underwriting new and renewal business, including solicitation, selection, rejection, and pricing of complex risks.Key Responsibilities:Develop and...
-
Environmental Underwriting Specialist
4 weeks ago
Chicago, Illinois, United States Allied World Assurance Company Holdings, Ltd Full timeJob Summary:We are seeking an experienced Environmental Underwriting Specialist to join our team at Allied World Assurance Company Holdings, Ltd. As an Environmental Underwriting Specialist, you will be responsible for managing and growing a portfolio of environmental liability insurance products through strategic business relationships with wholesalers and...
-
Senior Underwriting Specialist
4 weeks ago
Chicago, Illinois, United States CNA Full timeJob SummaryWe are seeking a highly skilled Senior Underwriting Specialist to join our team at CNA. This is a challenging role that requires a strong understanding of underwriting principles and practices.Key ResponsibilitiesManage and analyze complex underwriting risks, employing diagnostic and systematic analysis to assess acceptability.Determine...
-
Senior Underwriting Specialist
4 weeks ago
Chicago, Illinois, United States PMA Companies Full timeJob SummaryWe are seeking a highly skilled Senior Underwriting Specialist to join our team at PMA Companies. As a key member of our underwriting team, you will be responsible for analyzing and pricing complex multi-line risks, developing and executing relationship management plans, and contributing to the development of broker and agency management...
-
Chicago, Illinois, United States Markel Full timeAbout the Role:We are seeking an Underwriting Support Specialist to join our team in a Management Liability role. As an Underwriting Support Specialist, you will play a critical part in the underwriting process, providing support to underwriters and ensuring the smooth operation of our underwriting team.Key Responsibilities:Act as a resource and point of...
-
Regional Production Specialist
4 weeks ago
Chicago, Illinois, United States AIG Full timeUnlock Your Potential as a Regional Production SpecialistThis is an exciting opportunity to join our team as a Regional Production Specialist, where you will play a key role in driving business growth and making a meaningful impact in the insurance industry.As a Regional Production Specialist, you will be responsible for mentoring colleagues, overseeing...
-
Senior Underwriting Specialist
4 weeks ago
Chicago, Illinois, United States QBE Insurance Group Limited Full timeJob SummaryWe are seeking a highly skilled Senior Underwriting Specialist to join our team at QBE Insurance Group Limited. As a key member of our underwriting team, you will be responsible for executing assigned lines of business strategy by consulting with agency leaders in assigned territories and evaluating risk to use sound decision-making and underwrite...
-
Senior Underwriting Operations Specialist
4 weeks ago
Chicago, Illinois, United States Ryan Specialty Full timeJob SummaryThe Senior Underwriting Operations Specialist will support the underwriting team by providing efficient and high-quality underwriting administration services. This role will work closely with the underwriting team to ensure the highest quality of service, monitor data, and ensure timely and complete documentation of files.Key...
-
Senior Underwriting Operations Specialist
4 weeks ago
Chicago, Illinois, United States Ryan Specialty Full timeJob SummaryThe Senior Underwriting Operations Specialist will play a key role in supporting the underwriting team by providing efficient and high-quality underwriting administration services. This includes monitoring data, ensuring timely and complete documentation of files, and working closely with other teams to ensure the highest quality of service.Key...
-
Chicago, Illinois, United States AIG Full timeUnlock Your Potential as an Underwriting SpecialistAre you ready to take your career to the next level as an Underwriting Specialist at AIG? We're seeking a highly skilled and motivated individual to join our WorldRisk, Foreign Casualty team.Key Responsibilities:Oversee a range of programs and processes, including complex underwriting, to achieve business...
-
Senior Underwriting Operations Specialist
4 weeks ago
Chicago, Illinois, United States Ryan Specialty Full timeJob SummaryThe Senior Underwriting Operations Technician plays a vital role in supporting the underwriting team and providing efficient and high-quality underwriting administration services. This position is responsible for ensuring the highest quality of service through regular liaison with other teams, monitoring data, and ensuring timely and complete...
-
Underwriting Specialist
4 weeks ago
Chicago, Illinois, United States Allianz Full timeAbout the RoleWe are seeking an experienced Underwriting Specialist to join our team in the Inland Marine department. As an Underwriter, you will be responsible for underwriting new and renewal accounts to meet top and bottom-line targets, negotiating price and terms and conditions with producers, and proactively managing capacity.Key...
-
Senior Underwriter
4 weeks ago
Chicago, Illinois, United States AIG Full timeSenior Underwriter - Trade Credit SpecialistThis role is ideal for individuals with relevant experience in insurance or those with transferable skills looking to take their career to the next level. As a Senior Underwriter - Trade Credit Specialist, you will be part of AIG's underwriting team, helping to find insurance solutions for clients in various...
-
Underwriting Specialist
3 weeks ago
Chicago, United States Allianz Popular SL. Full timeJob Type: Full-Time Remote Job: Remote working Employment Type: Permanent ID: 57706 Underwriting Specialist - Inland Marine 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...
-
Underwriting Specialist
3 weeks ago
Chicago, United States Allianz Popular SL. Full timeJob Type: Full-Time Remote Job: Remote working Employment Type: Permanent ID: 57706 Underwriting Specialist - Inland Marine 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...
-
Risk Management Specialist
4 weeks ago
Chicago, Illinois, United States AIG Full timeRole OverviewAIG is seeking a skilled Risk Management Specialist - Underwriter to join our team. In this role, you will be responsible for delivering strategic account reviews and preparing associated file documentation.Key ResponsibilitiesAssist management with the implementation of profit center strategic initiatives and provide technical underwriting and...
-
Chicago, Illinois, United States Markel Full timeKey Responsibilities:The Underwriting Support Specialist, Management Liability will serve as a resource and integral member of the underwriting team, providing support in overcoming obstacles in the workload and meeting timelines. This role will handle day-to-day client servicing, managing workflow, and reinforcing the ease of doing business with Markel by...
