Executive Underwriter Team Leader

If you are a current AzC employee and wish to refer a candidate for this role, please click here for instructions and eligibility criteria   

Cluster:  Allianz Professional

  

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, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, AzC has the major risks covered when it comes to protecting businesses.

 

We are looking for an Executive Underwriter Team Lead for our Energy & Construction line of business.  This role will be hybrid and based out of one of the following Allianz regional offices: New York City; Chicago, Illinois; Alpharetta, Georgia; or Houston, Texas.

Your Team  

Allianz Commercial specializes in providing comprehensive and customized insurance and inspection products, services and solutions for companies in the energy and construction industries. As industrial specialists, Allianz Commercial has a long-standing tradition of supporting the energy & construction industries in North America.

 

Allianz Commercial’s highly experienced energy underwriters have a proven track record of finding flexible solutions to the challenges brokers and their clients face. We have expert energy & construction insurance teams who are backed up by Allianz Commercial’s market leading capacity and our ability to underwrite risks in over 200 countries and territories. Our underwriters are also able to deploy significant capacity on a global scale.

 

The Construction Block form by Allianz Commercial offers a breadth of new and enhanced coverages. We offer real estate developers, contractor’s, subcontractors, architects, and property owners coverage for buildings that are under construction, renovation, or repair, including: builders risk, contractor’s equipment, installation floaters, riggers liability, and related property.

 

The Impact You Will Have  

Reporting to the US Head of Construction Property, this position will take prime responsibility for leading a team of underwriters to underwrite profitable new and renewal business to meet LoB targets regionally and/or globally. Negotiation of participation, pricing and terms and conditions for large clients. Ownership of large accounts/clients and ultimate responsibility for accounts within team. Lead and manage team, training and development of team and referral point for other underwriters. Develop and maintain strong relationships with brokers and clients.

 

Some of your specific responsibilities could include:  

• Delegate tasks to team in order to achieve overall results. Manage/supervise team client accounts and act as point of referral and/or escalation for issues. Manage cost center budget within plan. Typically managing (Junior) Underwriters / Senior UWs  
• Underwrite large new and renewal accounts to meet top and bottom line targets (regional and/or global). Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity. Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs). Specialized in a particular area
• Underwrite in line with LoB governance framework - e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles. 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
• Support development and execution of regional Underwriting strategy for LoB. Manage referrals from underwriters and spokes and re-underwrite complex business as appropriate
• Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary). Proactively liaise with MMC on market management initiatives
• Positively represent Allianz externally to the market. Proactively drive involvement of functional areas in Underwriting process, including e.g., MMC, ARC, Claims, Operations. Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g., risk managers)

 

What You’ll Bring to the Role –  

• A minimum 11 years’ significant experience in Underwriting profitable business in the Energy & Construction LOB with specialized understanding of its products, portfolio, regional/local insurance markets, and competi