Sr. Underwriter - Financial Lines

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 Private Company Financial Lines 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 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  

• 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. 

 

72251 | 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 pare