Underwriter - Financial Lines

 

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. 

 

AI technology may be used to assess applications for keywords and essential qualifications. However, all AI-filtered candidate information will be reviewed by an Allianz Commercial team member, as our AI processes are subject to human oversight. 

 

We are looking for an Underwriter for our office in New York, NY for our Financial Lines line of business..

 

Your Team

Allianz Commercial (AzC) specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our global network.

 

Our experience speaks for itself, insuring the majority of Global Fortune 500 companies, managing over 1000 global property insurance programs, and fielding an underwriting team averaging over 20 years’ experience, backed up a worldwide team of risk consultants and claims specialists.

 

When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!

 

The Impact You Will Have 

As an Underwriter specializing in Financial Lines, you will be instrumental in underwriting profitable new and renewal business to meet Line of Business (LoB) targets. Your role will involve negotiating prices and terms, owning key accounts, and developing strong relationships with producers and clients, all while effectively navigating the global matrix environment.

 

Some of your specific responsibilities could include:

• Underwrite Profitable Business: Underwrite new and renewal accounts to meet top and bottom line targets, negotiate terms with key producer partners, manage capacity proactively, evaluate Natural Catastrophe Accumulation, and underwrite International Insurance Programs.
• Underwriting Approach and Compliance: Ensure underwriting aligns with LoB governance framework, achieve contract certainty, utilize global pricing tools, and manage FAC Reinsurance placement.
• Policy Documentation and Administration: Ensure accurate policy documentation, maintain files for each risk and transaction, and support policy administration and credit control processes.
• Market Management: Support acquisition of new business, retention of existing business, and liaise with MMC on market management initiatives.
• Relationship Management: Represent AGCS positively in the market, involve functional areas in the underwriting process, and maintain strong relationships with key producers, clients, and stakeholders.

 

What You’ll Bring to the Role

• 1-3 years of experience and a proven track record in underwriting profitable business within Financial Lines (specifically financial institutions), with a robust understanding of LoB products and portfolio.
• Basic risk assessment and management skills, with the ability to evaluate natural hazards relevant to LoB.
• Good understanding of regional/local insurance markets and competitor landscape.
• Analytical skills to analyze complex data, communication and presentation skills, and influencing skills to motivate others.
• Bachelor's degree in Economics, Finance, Insurance Management, or Business Administration, with progress towards professional insurance qualifications (e.g., CII).
• Fluent in English, with proficiency in using office applications like PowerPoint, Excel, and Word.
• Ability to utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making. 

 

This role offers an exciting opportunity to contribute to Allianz's success in a dynamic and challenging environment. If you are ready to make an impact