Executive Underwriter
3 weeks ago
We are seeking an experienced Executive Underwriter to join our team in Los Angeles. As a key member of our underwriting team, you will be responsible for underwriting profitable new and renewal business to meet Line of Business (LoB) targets regionally in accordance with underwriting guidelines and underwriting authority.
### Key Responsibilities
* Participate in the development and execution of regional Underwriting strategy for LoB(s) and work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross-selling
* 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
* 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)
* 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 (e.g. risk managers)
### Requirements
* 7-10 years experience in proven track record in Underwriting profitable business in LoB. Good understanding of LoB products and portfolio
* 7-10 years experience in demonstrating established relationships with brokers at peer group level and established within market
* 7-10 years experience in understanding of regional / local LoB insurance markets and competitor landscape
* College degree preferably in Economics, Finance, Insurance Management, or Business Administration
* Completion of professional insurance qualification (e.g. CII)
### What We Offer
* Annualized base pay range for this role is $166,773 - $285,828
* Comprehensive compensation and highly rated benefits programs, including a generous bonus scheme and pension
* Hybrid working model, recognizing the value of striking a balance between in-person collaboration and remote working
* Opportunities for career development and digital learning programs, as well as international career mobility
* Support for flexible working, health and wellbeing, and helping people return from career breaks with experience that nothing else can teach
### About 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.
### Diversity and Inclusion
We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a range of benefits and programs to support diversity and inclusion, including flexible working arrangements and opportunities for career development.
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