Executive Underwriter - Architects and Engineers E&O
Company: Disability Solutions
Location: New York
Posted on: April 26, 2024
Job Description:
Let's care for tomorrow. Your ambitions. Your dreams. Your
tomorrow At Allianz Commercial we are the global leader for
insuring corporate and specialty risks in the Allianz Group.
Whether it's aircraft, the world's biggest ships and tallest
building, cyber-attacks or climate change impacts, Allianz
Commercial has the major risks covered when it comes to protecting
businesses. Allianz has an immediate opening for an experienced
Financial Lines Executive Underwriter in their New York or Chicago
office. The Impact You Will Have:
- Underwrite profitable new and renewal business to meet LoB(s)
targets in accordance with underwriting guidelines and underwriting
authority
- Negotiate price and terms and conditions for ENR 500 accounts
(Revenue > $25M)
- Ownership of key accounts / clients
- Develop and maintain strong relationships with producers and
clients in partnership with Market Management
- Work effectively within the global matrix Key Responsibilities:
Support Underwriting Strategy
- Support development and execution of regional Underwriting
strategy for LoB(s)
- Support Key Business Initiatives
- Generate new producer relationships
- Participate/contribute to key projects Underwrite Profitable
Business
- 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 (for relevant LoBs)
- Underwrite International Insurance Programs (for relevant LoBs)
Underwriting Approach and Compliance
- Underwrite in line with LoB governance framework - e.g.
Underwriting Authorities, global ASU, Underwriting Guidelines,
Rules and Principles
- Ensure contract certainty is achieved on all accounts at time
of inception
- Ensure utilization of global pricing tools
- Ensure placing and binding of FAC Reinsurance prior to policy
inception Policy Documentation and Administration
- Ensure accurate policy documentation issued to producers (where
Allianz Commercial 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 Market Management
- 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
Relationship Management
- Positively represent Allianz Commercial externally to the
market
- Proactively drive involvement of functional areas in
Underwriting process, including e.g. Market Management &
Communications , Allianz Risk Control, Claims, Operations
- Develop and maintain strong relationships with key producers
and clients and other relevant stakeholders (e.g. risk managers)
Required Skills:
- Bachelor Degree: Preferably degree in Economics, Finance,
Insurance Management, or Business Administration
- Certification: Completion of professional insurance
qualification (e.g. RPLU, CPCU, ARM, CII)
- Proven track record in Underwriting profitable business in LoB
with 7+ years of experience
- In depth understanding of LoB(s) products and portfolio
- In depth understanding of regional / local LoB (s) insurance
markets and competitor landscape
- 7+ years of demonstrable, established relationships with
brokers at peer group level and well established within local
market
- Risk Assessment and Management: Ability to assess risk inherent
exposures and natural hazards relevant to LoB
- Portfolio Management: Manage the underwriting books. Analyze
trends and scenario plans from which portfolio strategies can be
developed and implemented
- Pricing: Analyze current performance against various benchmarks
with a view to ensure adequate progress and satisfactory
performance
- Market Management: Apply the knowledge of how the market
operates and functions, the business needs and customer needs
- Advacned Analytical Skills: Ability to analyze highly complex
data, from multiple sources, in detail; identify and resolve issues
before they transpire.
- Advanced Communication & Presentation: Ability to express ideas
and messages clearly, both written and verbally; ability to "sell"
an improvised or prepared audience winning story The annualized
base pay range for this role is $151,254 - $270,810. 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 Allianz Commercial 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 401K. 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-DNP #LI-Hybrid Nearest
Major Market: Manhattan Nearest Secondary Market: New York
City
Keywords: Disability Solutions, Plainfield , Executive Underwriter - Architects and Engineers E&O, Professions , New York, New Jersey
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