Underwriting Specialist

4 weeks ago


Chicago, Illinois, United States Allianz Full time
About the Role

We 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 Responsibilities:

  • 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
  • Underwrite International Insurance Programs
  • Underwrite in line with LoB governance framework
  • 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

Requirements:

  • 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

What We Offer:

  • A competitive annualized base pay range of $114,323 to $196,052
  • A comprehensive compensation and benefits package, including a generous bonus scheme and pension
  • A 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
  • International career mobility


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