Allianz Commercial · 2 months ago
Executive Underwriter - Property
Houston, TX
Full-time
Hybrid
Mid, Senior Level
$116K/yr - $176K/yr
7+ years expAllianz Commercial is a leading insurance provider specializing in corporate property insurance. They are seeking an Executive Underwriter to take responsibility for underwriting profitable new and renewal business, negotiating terms, and maintaining strong relationships with clients and producers.
Insurance
No H1B
Responsibilities
Underwrite profitable new and renewal business to meet Allianz Commercial Property(s) targets in accordance with underwriting guidelines and underwriting authority
Negotiate price and terms and conditions
Training and development of team and referral point for senior underwriters
Develop and maintain strong relationships with producers and clients in partnership with Market Management
Ownership of large / key accounts and clients including negotiation of participation, pricing and terms and conditions
Contribute to development and execution of regional Underwriting strategy for Allianz Commercial Property regionally
Training, developing and coaching of experienced staff (including Senior Underwriters)
Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
Delegate work as appropriate
Underwrite new and renewal accounts to meet top and bottom line targets
Negotiate price and terms and conditions with producers. Proactively manage capacity
Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios. Underwrite International Insurance Programs (for relevant Allianz Commercial Propertys)
Positively represent AGCS 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 producers and clients and other relevant stakeholders (e.g. risk managers)
Ensure accurate policy documentation issued to producers (where AGCS responsibility to do so) or producers has issued documentation (where producer responsibility)
File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled. Proactively support completion of policy administration and credit control processes
Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
Proactively liaise with MMC on market management initiatives
Participate / contribute to key projects
Training and development of underwriters in Allianz Commercial Property, e.g. Associate Underwriters and Underwriters
Referral point for other underwriters
Participate in cross regional activities as required / requested
Qualification
Required
Proven track record in Underwriting profitable business in Allianz Commercial Property with greater than 7 years environmental experience
Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration
In depth understanding of Property products and portfolio
In depth understanding of regional / local Allianz Commercial Property (s) insurance markets and competitor landscape
Demonstrable, established relationships with brokers at peer group level and well established within local market
Ability to assess risk inherent exposures and natural hazards relevant to Allianz Commercial Property
Ability to analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance
Apply the knowledge of how the market operates and functions, the business needs and customer needs
Ability to utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making
Applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship
Benefits
Annual performance-based cash incentive awards
Generous bonus scheme
Pension
Private healthcare
Generous parental leave benefits
Company
Allianz Commercial
Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Jennifer Partyka
Head of Cost Controlling CxO ex COO
Christina Hager
Sr. HR Business Partner
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