Senior Underwriter - Inland Marine

Allianz Insurance•Alpharetta, GA

1d•$85,982 - $129,875•Hybrid

About The Position

We are looking for a Senior Underwriter for our Inland Marine line of business who is experienced in underwriting large complex inland marine products such as construction, transportation, miscellaneous coverages, and property (i.e., builder’s risk, contractor’s equipment, motortruck cargo, physical damage, mono line property for small to medium risks, and scheduled property floaters). This role will work a hybrid schedule based from our Alpharetta, Georgia office. Allianz Commercial (AzC) is one of the largest marine insurers in the world and is a leader in inland marine insurance and related property coverage across North America and various worldwide locations. With a depth and breadth of marine capabilities that are unmatched in the industry. Allianz offers a broad portfolio of highly customizable products and an almost unlimited appetite for complex marine accounts that demand innovative solutions. Our Inland Marine and Related Property Insurance solutions cover over 100 classes of business, covering all aspects of moving or movable property. Whether it's a building under construction or a shipment of an original Picasso, our inland marine insurance underwriters provide flexible and creative solutions for the most challenging of inland marine exposures.

Requirements

Minimum 3 years’ proven track record in underwriting profitable inland marine business.
Good understanding of its products and portfolio.
Demonstrable, established relationships with brokers at peer group level and established within market.
Good understanding of regional/local inland marine markets and competitor landscape, legal and regulatory framework, with experience working in complex a complex, global matrix organization.
Well versed in multiple inland marine products such as construction, transportation, miscellaneous coverages, and property (i.e., builder’s risk, contractor’s equipment, motortruck cargo, physical damage, mono line property for small to medium risks, and scheduled property floaters).
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 with a view to ensure adequate progress and satisfactory performance.
Apply knowledge of how the market operates and functions, the business and customer needs.
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.
Ability to “sell” an improvised or prepared audience winning story.
Ability to persuade and motivate others to act, without executive authority.
Use of general office application tools (i.e. PowerPoint, Excel, Word).
External applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.

Nice To Haves

Preferably a bachelor’s degree in Risk Management, Insurance, Business Administration, Finance or Economics.
Completion of a professional insurance qualification.
The ability to utilize AI tools to support day-today tasks, improve efficiency, and contribute to data-driven decision-making is valuable.
A willingness to learn and explore how AI can enhance your role and the broader organization is expected.

Responsibilities

Underwriting profitable new and renewal business to meet the inland marine line of business targets in accordance with underwriting guidelines and underwriting authority.
Negotiate price, and terms and conditions, own accounts/clients, while developing and maintaining strong relationships with producers and clients in partnership with Market Management.
Underwriting new and renewable accounts to meet top and bottom-line targets (local and/or regional).
Negotiating participation, pricing and terms and conditions with brokers.
Proactively manage capacity.
Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LOBs).
Underwrite International Insurance Programs (for relevant LOBs).
Underwriting in line with LoB governance framework – e.g., Underwriting authorities, global MSU, Underwriting Guidelines, Rules and Principles.
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 broker (where AzC responsibility to do so) or broker has issued documentation (where broker 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.
Support development and execution of regional Underwriting strategy for LoB regionally.
Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control).
Manage standard referrals from underwriters and spokes and re-underwrite complex business as appropriate.
Delegate work as appropriate.
Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary).
Proactively liaise with MMC on market management initiatives.
Positively represent AzC 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 brokers and clients and other relevant stakeholders (e.g. risk managers).