Sr. Underwriting Team Leader - 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 a Sr. Underwriting Team Leader for Chicago, IL 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 (job purpose- example below) 

As a Sr. Underwriting Team Leader, you will play a pivotal role in ensuring the profitability and sustainability of our underwriting portfolio. You will lead a team of underwriters, manage key accounts, and act as a referral point for complex cases. Your contributions will directly influence our ability to meet LoB targets and maintain strong relationships with brokers and clients. 

 

Some of your specific responsibilities could include: 

 

Underwriting Profitable Business: 

• Underwrite new and renewal accounts to meet top- and bottom-line targets. 

• Negotiate participation, pricing, and terms and conditions with brokers. 

• Proactively manage capacity and evaluate natural catastrophe accumulation risks. 

• Underwrite international insurance programs, ensuring compliance with governance frameworks. 

 

Underwriting Approach and Compliance: 

• Ensure underwriting aligns with Financial Lines governance frameworks, including underwriting authorities, guidelines, and principles. 

• Achieve contract certainty on all accounts at inception. 

• Utilize global pricing tools and ensure reinsurance placement prior to policy inception. 

 

Policy Documentation and Administration: 

• Ensure accurate policy documentation is issued and maintained. 

• Support policy administration and credit control processes. 

 

Supporting Underwriting Strategy and Market Management: 

• Contribute to the development and execution of regional underwriting strategies. 

• Support the acquisition of new business and retention of existing clients. 

• Collaborate with Market Management and other functional areas to drive initiatives. 

 

Relationship Management: 

• Represent Allianz positively in the market and develop strong relationships with brokers, clients, and stakeholders. 

• Drive collaboration across functional areas such as Claims, Operations, and Risk Consulting. 

 

Leadership and Team Development: