Executive Underwriter, Property

Allianz Insurance•Chicago, IL

1d•$129,741 - $196,017•Hybrid

About The Position

Allianz Commercial is seeking an Executive Underwriter to join its Property Underwriting Team in a hybrid role based in Chicago, Illinois. Allianz Commercial specializes in corporate property insurance for complex risks in more than 200 countries and territories, particularly larger international risk portfolios. Its Property network provides tailor-made all-risks property damage and business interruption insurance, supported by risk consultants and claims specialists worldwide. The Executive Underwriter will help shape the profitability and growth of the regional underwriting portfolio. The role includes leading and developing experienced underwriters, managing complex and high-profile accounts, assessing risk, strengthening broker and client relationships, and contributing to strategic decisions. The role also supports profitable business growth, policy administration, cross-functional collaboration, and key initiatives across the organization.

Requirements

7 to 10+ years of underwriting experience with a proven track record of underwriting profitable business in the relevant Line of Business; similar property industry experience, such as broker or risk management experience, will also be considered.
Deep knowledge of Line of Business products, portfolio dynamics, and the regional/local insurance market and competitive landscape.
Established broker and market relationships at the peer group level, with a strong reputation in the local market.
Strong risk assessment skills, including evaluating inherent exposures and natural hazards relevant to the Line of Business.
Portfolio management expertise, including analyzing trends, developing scenario plans, and implementing portfolio strategies.
Pricing and performance analysis skills, including experience benchmarking and evaluating portfolio performance.
Excellent analytical abilities, including comfort working with highly complex data from multiple sources.
Strong written and verbal communication and presentation skills, including the ability to deliver compelling presentations.
Influencing and negotiation skills, including the ability to persuade and motivate others without executive authority.
Proficiency in standard office applications, including PowerPoint, Excel, and Word.

Nice To Haves

Experience applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.
Bachelor's degree preferred in Economics, Finance, Insurance Management, or Business Administration.

Responsibilities

Contribute to the development and execution of the regional underwriting strategy for the Line of Business.
Train, develop, and coach experienced staff, including Senior Underwriters.
Manage complex referrals from underwriters and spoke offices, re-underwriting complex business as appropriate.
Delegate work effectively across the team.
Underwrite new and renewal accounts to meet top- and bottom-line targets.
Negotiate pricing, terms, and conditions with producers while proactively managing capacity.
Evaluate natural catastrophe accumulation exposures, including catastrophe modeling and scenario interpretation.
Underwrite International Insurance Programs for relevant Lines of Business.
Represent Allianz Commercial positively in the external market.
Drive cross-functional collaboration with Market Management, Risk Consulting, Claims, and Operations.
Develop and maintain strong relationships with key producers, clients, and stakeholders such as risk managers.
Ensure accurate and timely policy documentation is issued to or by producers.
Maintain complete and organized files for each risk and transaction.
Support policy administration and credit control processes.
Support acquisition of new business and retention of existing accounts, including client and producer negotiations.
Collaborate with Market Management on strategic initiatives.
Participate in and contribute to key projects across the organization.
Serve as a referral point and mentor for Associate Underwriters and Underwriters.
Engage in cross-regional activities as needed.