Executive Underwriter - Natural Resources

Allianz Insurance • Chicago, IL

2d

About The Position

Your Team
You’ll be part of a dedicated insurance team serving the natural resources sector. Allianz Commercial provides flexible and tailored solutions to the most demanding insurance challenges, including the following segments part of the Americas Natural Resources Line of Business scope:
Renewables (Solar PV, Wind and BESS, both builders risk as well as Operational PD/BI);
Conventional power generation and distribution and other renewables (Operational PD/BI, except Nuclear hot zone and stand-alone coal fired power plants); and
Mining (Operational PD/BI, excluding coal).
The Impact You Will Have
Reporting to the Hub Lead Natural Resources Americas, you will join the team as a Natural Resources Executive Underwriter. You’ll bring your established relationships with brokers and insureds to successfully underwrite profitable new and renewal business fitting within the unit risk appetite.

Requirements

• 7+ years of experience in National Resources underwriting
• Ability to build and foster relationships internally across the organization and externally with our broker partners
• Outstanding technical skills with ability to analyze complex data/information from multiple sources
• Strong Microsoft Office Suite skills, especially with Excel
• Ability to express ideas and messages clearly, both written and verbally
• Strong thought leadership skills with the ability to persuade and motivate others to act
• Strong solution orientation, with an entrepreneurial spirit
• 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-today tasks, improve efficiency, and contribute to data-driven decision-making is valuable. A willingness to learn and explore how AI can enhance your role and the broader organization is expected
• 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.

Nice To Haves

• Preferably a bachelor’s degree in Risk Management, Insurance, Business Administration, Finance or Economics. And completion of a professional insurance qualification.

Responsibilities

• Underwriting new and renewal business including negotiating price, terms and conditions with our broker partners while proactively managing capacity, risk appetite and profitability.
• Driving marketing initiatives and building strong, collaborative relationships with our brokers by providing excellent customer service, technical knowledge and support.
• Developing creative solutions to our client’s problems by collaborating with our Risk Consultants, Product Development and Claims.
• Drive and participate in key projects around the business which impact results.
• Assist in developing team members and act as referral point for senior underwriters.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees