Executive Underwriter - Property

Allianz • Houston, TX

140d • $116,221 - $175,586 • Hybrid

About The Position

We are looking for an Executive Underwriter for our office in Houston, Texas for our property line of business. 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 Allianz Commercial Property network. Our experience speaks for itself, insuring the majority of Allianz Commercial Property Fortune 500 companies, managing over 1000 Allianz Commercial Property insurance programs, and fielding an underwriting team averaging over 20 years' experience, backed up by 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!

Requirements

• Proven track record in Underwriting profitable business in Allianz Commercial Property with greater than 7 years environmental experience.
• Preferably degree in Economics, Finance, Insurance Management, or Business Administration.
• In depth understanding of Property products and portfolio.
• In depth understanding of regional/local Allianz Commercial Property 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 Allianz Commercial Property.
• Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance.
• Ability to utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making.

Responsibilities

• Underwrite profitable new and renewal business to meet Allianz Commercial Property's targets in accordance with underwriting guidelines and underwriting authority.
• Negotiate price and terms and conditions.
• Training and development of team and referral point for senior underwriters.
• Develop and maintain strong relationships with producers and clients in partnership with Market Management.
• Ownership of large/key accounts and clients including negotiation of participation, pricing and terms and conditions.
• Contribute to development and execution of regional Underwriting strategy for Allianz Commercial Property regionally.
• Training, developing and coaching of experienced staff (including Senior Underwriters).
• Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate.
• Delegate work as appropriate.
• Underwrite new and renewal accounts to meet top and bottom line targets.
• Proactively manage capacity.
• Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios.
• Underwrite International Insurance Programs (for relevant Allianz Commercial Property).
• Positively represent AGCS externally to the market.
• Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations.
• Ensure accurate policy documentation issued to producers or producers has issued documentation.
• File maintenance - ensure file is established and maintained for each risk and transaction handled.
• Proactively support acquisition of new business and retention of existing business.
• Participate / contribute to key projects.
• Training and development of underwriters in Allianz Commercial Property.

Benefits

• Generous bonus scheme and pension.
• Hybrid working model.
• Career development and digital learning programs.
• International career mobility.
• Private healthcare and generous parental leave benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree