We are looking for an Underwriting Specialist in the West Zone for our Property 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 1,000 global property insurance programs, and fielding an underwriting team averaging over 20 years' experience, backed by a worldwide team of risk consultants and claims specialists.

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

The Impact You Will Have

Some of your specific responsibilities could include:

Underwrite profitable new and renewal business to meet line of business targets regionally, including global elements

Take ownership of large accounts/clients, including negotiation of participation, pricing, and terms and conditions

Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios

Underwrite International Insurance Programs and proactively manage capacity

Underwrite in line with the LoB governance framework (Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles)

Ensure contract certainty is achieved on all accounts at time of inception and utilization of global pricing tools

Ensure placing and binding of FAC Reinsurance prior to policy inception

Ensure accurate policy documentation is issued and maintain files for each risk and transaction handled

Contribute to the development and execution of regional underwriting strategy

Train, develop, and coach less experienced staff, including underwriters

Manage complex referrals and re-underwrite complex business as appropriate

Proactively support acquisition of new business and retention of existing business, including client and producer negotiations

Develop and maintain strong relationships with key producers, clients, and other relevant stakeholders (e.g., risk managers)

Positively represent Allianz Commercial externally to the market

What You'll Bring to the Role

Experience & Knowledge:

Minimum 5–7 years of significant experience underwriting profitable business in the Property line of business

Specialized expert understanding of sub-LoB products and portfolio

Specialized understanding of regional/local property insurance markets and competitor landscape, including global elements

Good understanding of legal and regulatory framework

Experience working in a complex, global matrix organization

Technical Skills:

Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to the Property line of business

Pricing and Market Management: Ability to analyze current performance against benchmarks, applying knowledge of how the market operates, business needs, and customer needs

Contract Drafting and Interpretation: Ability to design, develop, and implement consistent, robust wordings

Policy Management: Robust understanding of the policy administration life cycle, including information collection, policy issuance, premium bookings, credit control, and cancellation

General Skills:

Strong analytical skills with the ability to analyze highly complex data from multiple sources

Excellent communication and presentation skills — ability to express ideas clearly, both written and verbally

Influencing skills — ability to persuade and motivate others to act without executive authority

Proficiency in office applications (PowerPoint, Excel, Word)

Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

Education:

Preferably a degree in Economics, Finance, Insurance Management, or Business Administration

Completion of a professional insurance qualification (e.g., CII) preferred

The annualized base pay range for this role is $123,534 to $186,707. 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. 

Applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.

1 Job in Burbank

Underwriting Specialist - Property