Senior Underwriter - Builders Risk

Allianz Insurance • New York, NY

76d • $99,563 - $150,464

About The Position

Allianz Commercial specializes in providing comprehensive and customized insurance and inspection products, services and solutions for companies in the energy and construction industries. As industrial specialists, Allianz Commercial has a long-standing tradition of supporting the energy & construction industries in North America. Allianz Commercial’s highly experienced energy underwriters have a proven track record of finding flexible solutions to the challenges brokers and their clients face. We have expert energy & construction insurance teams who are backed up by Allianz Commercial’s market leading capacity and our ability to underwrite risks in over 200 countries and territories. Our underwriters are also able to deploy significant capacity on a global scale. The Construction Block form by Allianz Commercial offers a breadth of new and enhanced coverages. We offer real estate developers, contractor’s, subcontractors, architects, and property owners coverage for buildings that are under construction, renovation, or repair, including: builders risk, contractor’s equipment, installation floaters, riggers liability, and related property.

Requirements

• A minimum 5 years’ proven track record in Underwriting profitable builders’ risk business in LoB.
• In depth understanding of LoB(s) products and portfolio.
• In depth understanding of regional/local LoB(s) insurance markets and competitor landscape.
• Demonstrable, established relationships with brokers at peer group level.
• Preferably a degree in Insurance, Risk Management, Finance, Economics, Business Administration, or other appropriate discipline.
• 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.
• Ability to analyze highly complex data, from multiple sources, in detail.
• 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 general office application tools e.g. Power Point, Excel, Word.

Nice To Haves

• The ability to utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making.
• A willingness to learn and explore how AI can enhance your role and the broader organization.

Responsibilities

• Underwrite profitable new and renewal business to meet LoB targets in accordance with underwriting guidelines and underwriting authority.
• Negotiate price and terms and conditions.
• Own key accounts/clients.
• Develop and maintain strong relationships with producers and clients in partnership with Market Management.
• Support development and execution of regional Underwriting strategy for LoB(s).
• Support key business initiatives.
• Generate new producer relationships.
• Participate/contribute to key projects.
• 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.
• 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.
• Proactively support acquisition of new business and retention of existing business.
• Positively represent AzC externally to the market.
• Proactively drive involvement of functional areas in Underwriting process.
• Develop and maintain strong relationships with key producers and clients and other relevant stakeholders.

Benefits

• Annual performance-based cash incentive awards.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees