Senior Underwriter - Property
Company: Disability Solutions
Location: Alpharetta
Posted on: September 28, 2024
Job Description:
If you are a current AzC employee and wish to refer a candidate
for this role, please click 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
a Senior Underwriter - Property. This role will work a hybrid
scheduled, based in our Alpharetta, Georgia Office. 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 Reporting to the Regional Property Leader
- South, this position will underwrite profitable new and renewal
business to meet Property LoB targets in accordance with
underwriting guidelines and underwriting authority. Negotiate price
and terms and conditions. Own key accounts/clients. Develop and
maintain strong relationships with producers and clients in
partnership with Market Management. Some of your specific
responsibilities could include:
- Underwrite new and renewal accounts to meet top and bottom-line
targets (local and/or regional). 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)
- 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 accurate policy documentation issued to broker (where
AzC responsibility to do so) or broker has issued documentation
(where broker 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.
- Support development and execution of regional Underwriting
strategy for LoB regionally. Training, developing and coaching of
less experienced staff (including junior underwriters, operations,
credit control). Manage standard referrals from underwriters and
spokes and re-underwrite complex business as appropriate. Delegate
work 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 AzC 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 3 years' proven track record in underwriting
profitable Property business. Understanding of LoB products and
portfolio. Demonstrable, established relationships with brokers at
peer group level. Good understanding of regional/local LoB
insurance markets and competitor landscape, and legal and
regulatory framework. With experience working in a complex, global
matrix organization.
- If you've underwritten property insurance products such as
commercial property, large property, corporate property, shared and
layered property, this job is for you!
- Preferably a bachelor's degree in Insurance, Risk Management,
Finance, Economics, or Business Administration.
- Ability to assess risk inherent exposures and natural hazards
relevant to LoB. Analyze current performance against benchmarks
applying how the market operates and functions, the business needs
and customer needs. Robust understanding of policy administration
life cycle, information collection, policy issuance, premium
bookings, credit control, cancellation. The annualized base pay
range for this role is $77,906 to $133,554. The annual base salary
range represents a nationwide market range. The actual salary for
this position may be above and will be determined by several
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. What's in it for
you? Let's care about everything that makes you, you We are
committed to nurturing an inclusive environment where everyone
feels they belong. We offer a hybrid working model, which
recognizes the value of striking a balance between in-person
collaboration and remote working. Please feel free to discuss
flexible working arrangements with us. Let's care for your
financial wellbeing We believe in rewarding performance with a
great compensation and benefits package (details vary by location),
including a generous bonus scheme and pension. Let's care for your
opportunities to progress From career development and digital
learning programs to international career mobility, we offer
lifelong learning for our employees worldwide and an environment
where innovation, delivery and empowerment are fostered. Let's care
for life's twists and turns From our support for flexible working,
health, and wellbeing (including private healthcare and generous
parental leave benefits), to helping people return from career
breaks with experience that nothing else can teach. We ' ve got
your back. Let's care for our society and our planet With
opportunities to be engaged in shaping a future that is safe,
inclusive, and sustainable, we care for the tomorrows of our
people, our industry, and our clients. Care to join us? Allianz
Commercial (AzC) is a global corporate insurance carrier and part
of Allianz Group. We provide risk consultancy, Property-Casualty
insurance solutions and alternative risk transfer for a wide
spectrum of commercial, corporate and specialty risks across 10
dedicated lines of business. Learn more about us by clicking .
Allianz is an equal opportunity employer, and therefore welcomes
applications regardless of ethnicity or cultural background, age,
gender, nationality, religion, disability, sexual orientation, or
any other protected characteristic. Diversity of thinking is an
important part of our company culture. Recruitment Agencies: AzC
has an in-house recruitment team, which focuses on sourcing great
candidates directly. AzC does not accept unsolicited resumes from
agency or search firm recruiters. Fees will not be paid in the
event a candidate submitted by a recruiter without an agreement in
place is hired. When we do use agencies, we have a PSL in place, so
please do not contact managers directly. #LI-NG1 #LI-Hybrid Nearest
Major Market: Alpharetta Nearest Secondary Market: Atlanta
Keywords: Disability Solutions, Alpharetta , Senior Underwriter - Property, Accounting, Auditing , Alpharetta, Georgia
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