Executive Underwriter - Architects and Engineers Job Vacancy in USA
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 Architects and Engineers Professional Liability Executive Underwriter in the 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 Architects and Engineers Professional Liability
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:
7+ years of experience in Underwriting profitable Architects and Engineers Professional Liability business with an in-depth understanding of related products and portfolio
In depth understanding of regional/local LoB(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 Architects and Engineers Professional Liability
Manage the underwriting books, including analyzing trends and scenario plans from which portfolio strategies can be developed and implemented
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