Allianz - New York, NY

posted 5 months ago

Full-time - Mid Level
Remote - New York, NY
Insurance Carriers and Related Activities

About the position

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks within the Allianz Group. Our focus is on providing comprehensive coverage for major risks that businesses face, including aircraft, satellites, the world's largest ships, cyber-attacks, and the impacts of climate change. We are currently seeking a Senior Underwriter based in New York for a hybrid role, where you will play a crucial part in our underwriting team. In this position, you will be responsible for underwriting profitable new and renewal business to meet Line of Business (LoB) targets regionally, adhering to our underwriting guidelines and authority. Your role will involve conducting thorough underwriting analyses of Financial Institutions, which includes reviewing financial statements, assessing risk exposures, and analyzing claims history. You will also negotiate pricing and terms with producers, ensuring that all underwriting activities align with our Financial Lines governance framework. Additionally, you will be expected to support the completion of policy administration and credit control processes, while also training and developing less experienced staff, including other underwriters. Building and maintaining strong relationships with key brokers, clients, and other stakeholders will be essential to your success in this role. We are committed to investing in our people through training and professional development, ensuring that you have the support needed to achieve your career goals.

Responsibilities

  • 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
  • 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
  • Train, develop, and coach less experienced staff (including Underwriters)
  • Proactively support acquisition of new business and retention of existing business
  • Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders

Requirements

  • 3-5 years experience in proven track record in Underwriting profitable business in Financial Lines
  • 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

Benefits

  • Generous bonus scheme
  • Pension plan
  • Private healthcare
  • Generous parental leave benefits
  • Career development and digital learning programs
  • International career mobility opportunities
  • Flexible working arrangements
  • Support for health and wellbeing
  • Opportunities for community engagement and sustainability initiatives
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