Allianz Commercial · 11 hours ago
Executive Underwriter - Inland Marine
Chicago, IL
Full-time
Hybrid
Senior Level
$125K/yr - $277K/yr
7+ years expAllianz Commercial is one of the largest marine insurers in the world, specializing in inland marine insurance and related property coverage. The Executive Underwriter will underwrite profitable new and renewal business, negotiate terms, and develop strong relationships with producers and clients while ensuring compliance with underwriting guidelines and authority.
Insurance
No H1B
Responsibilities
Participate in the development and execution of regional Underwriting strategy for LoB(s). Work closely with Market Management, Claims, and other product lines to achieve key marketing strategies, including cross-selling
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 modelling and interpretation of scenarios (for relevant LOBs). Underwrite International Insurance Programs (for relevant LOBs)
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 producers and clients and other relevant stakeholders (e.g. risk managers)
Ensure accurate policy documentation issued to producers (where AzC 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 Lob, e.g. Associate Underwriters and Underwriters. Referral point for other underwriters. Participate in cross regional activities as required / requested
Qualification
Required
A minimum 7 years' proven track record in underwriting profitable inland marine business
In depth understanding of its products and portfolio
In depth understanding of regional/local LoB insurance markets and competitor landscape
Demonstrable, established relationships with brokers at peer group level and established within local market
Ability to assess risk inherent exposures and natural hazards relevant to LoB
Manage the underwriting books
Analyze 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 knowledge of how the market operates and functions, the business and customer needs
Ability to analyze highly complex data from multiple sources, in detail; identify and resolve issues before they transpire
Ability to express ideas and messages clearly, both written and verbally
Ability to 'sell' an improvised or prepared audience winning story
Ability to persuade and motivate others to act, without executive authority
Use of general office application tools (i.e. PowerPoint, Excel, Word)
The 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
Preferred
Preferably a bachelor's degree in Risk Management, Insurance, Business Administration, Finance or Economics
Completion of a professional insurance qualification
Ideal candidate will have worked as an underwriter or account executive and be well versed in multiple inland marine products such as construction, transportation, miscellaneous coverages, and property (i.e., builder's risk, contractor's equipment, motortruck cargo, physical damage, mono line property for small to medium risks, and scheduled property floaters)
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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