Renewals Underwriter - Inland Marine

Allianz • O'Fallon, MO

290d • $62,531 - $95,000 • Remote

About The Position

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it's aircraft, satellites, the world's biggest ships and tallest building, cyber-attacks, or climate change impacts, AzC has the major risks covered when it comes to protecting businesses. We are looking for an Underwriter to handle renewals across the U.S for our inland marine line of business. This role will be a hybrid schedule and based in our O'Fallon, Missouri office or we are seeking a candidate based in California.

Requirements

• Minimum 1-3 years' Proven track record in Underwriting profitable business in LoB.
• Understanding of LoB products and portfolio.
• Preferably a bachelor's degree in Risk Management and Insurance, Economics, Finance, or Business Administration.
• Experience with inland marine products such as related property, contractor's equipment, jewelers block, transportation, motortruck cargo, warehouse legal liability, installation floaters, and/or cat exposures.
• Demonstrable, established relationships with brokers at peer group level.
• Good understanding of regional / local LoB insurance markets and competitor landscape.
• Understanding of legal and regulatory framework.
• Experience working in complex, global matrix organization.
• 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.

Responsibilities

• Underwrite renewal accounts to meet top and bottom-line targets.
• Negotiate price and terms and conditions with key producer partners.
• Proactively manage capacity.
• Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios.
• Underwrite in line with LoB governance framework.
• Ensure contract certainty is achieved on all accounts at time of inception.
• Ensure utilization of global pricing tools.
• Ensure placing and binding of FAC Reinsurance prior to policy inception.
• Ensure accurate policy documentation issued to producers.
• File maintenance - ensure file is established and maintained for each risk and transaction handled.
• Proactively support completion of policy administration and credit control processes.
• Retention of existing business including client and producer negotiations.
• Proactively liaise with MMC on market management initiatives.
• Positively represent AzC externally to the market.
• Proactively drive involvement of functional areas in Underwriting process.

Benefits

• Generous bonus scheme and pension.
• Private healthcare and generous parental leave benefits.
• Career development and digital learning programs.
• International career mobility opportunities.
• Support for flexible working and health and wellbeing.

What This Job Offers

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