Student Intern - Construction Property Underwriting

Allianz Insurance • New York, NY

81d • $25

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. 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. Reporting to the Executive Underwriter Team Lead – Construction Property (Northeast), the Intern will participate with and contribute to the Construction Property Team. The internship program will provide the opportunity to apply a macro understanding of risk in the real world by working side-by-side with our underwriting, risk consulting and operational support team professionals. Interns will participate in a wide range of learning and development opportunities including job shadows, attendance at internal meetings, speaking engagements and events designed to expose the intern to other areas of insurance.

Requirements

• Currently pursuing university or college degree in Business, Economics, Finance, Risk Management, Insurance or related discipline.
• Minimum GPA of 3.0.
• Knowledge of basic computer operations including a strong working knowledge of Excel and other MS office applications.
• Ability to apply field of study learnings to the internship.
• Knowledge of basic math skills – strong aptitude for numbers.
• Self-starter with the ability to work as a team member in a fast-paced dynamic environment.
• Ability to prioritize and meet deadlines.
• Strong oral and written communication.
• The ability to utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making.

Responsibilities

• Exposure to the identification and analysis of risk and loss control advice.
• Continue exposure and education in the underwriting of the risk selection, and retention on accounts.
• Assist local NRC Large Construction Team in the Northeast Region to help with modeling requests, ARC request and work with the facultative desk on requests for Northeast Team underwriters.
• Manage large project pipeline’s.
• Support sanctions / rep risk check on accounts.
• Clean up some reports i.e. Treaty & Nat Cat.
• Data quality checks in Foundry.
• Organize policy wording folders both internal & external wordings etc.
• Assist with natcat risk assessments (NATHAN, FEMA, RMS Modeling, CATlas, etc.).
• Read ARC GREAT reports and Geotech’s to pick out importance pieces of information (foundation types, dewatering methods, assigned contractor, etc.).
• Possibly sit with an engineer during their review.
• Assist with MBR maintenance.
• Attend broker lunches and happy hours.
• Sit in on NY huddle meetings & the biweekly US team meetings.
• Help formulate underwriting rationale on per project basis.
• Pulling data from various sources and enter into excel.
• Run reports to analyze the department book's performance and monitor progress.
• Scan and save file documentation retrieved from boxes into appropriate accounts.
• Create presentations for the department which details the features, advantages and benefits of new products.
• Development of complex Microsoft Word and Excel documents to be used as department templates.
• Collaborate on a proof of concept for a new product offering or research.
• Assist with Admin tasks as required.

Benefits

• Pay rate of $25 per hour.
• Full time 10-week Summer Internship.

What This Job Offers

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