Executive Underwriter - Property

Allianz Insurance•Johns Creek, GA

About The Position

We are looking for an Executive Underwriter – Commercial Property for our office in Alpharetta, Georgia 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 global network. Our experience speaks for itself, insuring the majority of Global Fortune 500 companies, managing over 1000 global property insurance programs, and fielding an underwriting team averaging over 20 years’ experience, backed up 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! The Impact You Will Have Reporting to the Regional Property Leader – Southeast, this position will take prime responsibility for underwriting profitable new and renewal business to meet Allianz Commercial Property targets in accordance with underwriting guidelines and underwriting authority. You will negotiate price and terms and conditions, as well as develop and maintain strong relationships with producers and clients in partnership with Market Management. You will take ownership of large/key accounts and clients including negotiation of participation, pricing and terms and conditions.

Requirements

Proven track record in Underwriting profitable business in LoB with greater than 7 years commercial property experience
Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration
In depth understanding of Property products and portfolio
In depth understanding of regional / local 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 commercial property
Ability to assess risk inherent exposures and natural hazards relevant to commercial property
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
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 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
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. Underwrite International Insurance Programs (for relevant line of busines)
Positively represent AGCS 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 AGCS 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