Portfolio Solutions Risk Lead

Let’s care for tomorrow.

Your ambitions.  Your dreams.  Your tomorrow

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group.  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. 

 

We are looking for a Portfolio Solutions Risk Lead to join our Team.  This will be a hybrid role based in O'Fallon, Chicago, Alpharetta, or New York.

 

Your Team

Be part of our Portfolio Solutions team in North America, where we focus on evaluating, structuring, and managing delegated authority and program business across multiple lines of business. Our team thrives on collaboration, analytical excellence, and disciplined portfolio underwriting to drive profitable growth.

 

The Impact You Will Have

Reporting to the Regional Head of Portfolio Solutions and Delegated Authority in North America, the Portfolio Solutions Underwriter will play a key role in supporting profitable growth through disciplined underwriting, analytical assessment, and effective collaboration across underwriting, actuarial, distribution, claims, finance, and operations teams.

This role requires a strong portfolio mindset with the ability to evaluate multi-line business, assess performance trends, and support strategic underwriting decisions across complex delegated authority portfolios.

 

Some of your specific responsibilities could include:

 

Portfolio Underwriting and Risk Assessment

• Evaluate delegated authority portfolios across multiple lines of business, including property, casualty, and specialty
• Analyze exposure data, historical performance, and loss trends to assess portfolio quality and performance
• Assess underwriting strategy, controls, and consistency within each program
• Evaluate business at both individual program and broader portfolio levels

 

Deal Evaluation and Structuring

• Support evaluation and structuring of delegated authority and program business opportunities
• Assess participation strategies, underwriting considerations, and portfolio fit
• Partner with actuarial and modeling teams to evaluate pricing adequacy and expected performance
• Provide underwriting recommendations aligned with risk appetite and profitability objectives

 

Stakeholder Engagement

• Work with brokers, program administrators, MGAs, and underwriting teams to assess opportunities
• Participate in deal discussions and negotiations
• Collaborate across underwriting, actuarial, finance, claims, operations, and governance teams

 

What You’ll Bring to the Role

• 5–10+ years of underwriting, delegated authority, program, or portfolio management experience across multiple lines of business
• Strong analytical and portfolio management skills with the ability to evaluate business performance and volatility trends
• Experience working with delegated authority structures, program business, or complex multi-line portfolios
• Strong underwriting judgment and commercial acumen
• Ability to influence and collaborate with internal and external stakeholders
• Ability to utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making.

 

The annualized base pay range for this role is $97,739 to $147,652 for O’Fallon, MO, $ 107,913 - $163,096 for Chicago & Alpharetta and $124,609 - $188,330 for New York. The annual base salary range represents a 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.

 

99690 | Underwriting | Professional | Non-Executive | 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.