Underwriting Specialist - Energy

Allianz • Houston, TX

287d • $102,556 - $189,931 • Remote

About The Position

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. We are looking for an Underwriting Specialist who is skilled in underwriting energy accounts (i.e. power generation, mining, onshore & offshore oil & gas, and construction) for our Large Builders Risk team. This role is hybrid schedule based in one of the following office locations: New York City, Alpharetta, Georgia; Houston, Texas; or Chicago, Illinois. Allianz Commercial specializes in providing comprehensive and customized insurance and inspection products, services and solutions for companies in the energy and construction industries. Our underwriters are also able to deploy significant capacity on a global scale.

Requirements

• A minimum 5-7 years' significant experience in Underwriting profitable Energy business.
• Recognized relationships with brokers at peer group level.
• Specialized understanding of regional/local LoB insurance markets.
• Good understanding of legal and regulatory framework.
• Experience working in a complex global matrix organization.
• Preferably a bachelor's degree in Insurance, Risk Management, Finance, Economics, Business Administration, Law or other appropriate discipline.
• Ability to assess risk inherent exposures and natural hazards relevant to LoB.
• Ability to express ideas and messages clearly, both written and verbally.
• Ability to analyze highly complex data from multiple sources.
• Ability to lead and manage a team of underwriters.

Nice To Haves

• Completion of a professional insurance qualification.
• The ability to utilize AI tools to support day-to-day tasks.

Responsibilities

• Underwrite new and renewal accounts to meet top and bottom-line targets.
• Negotiate price and terms and conditions with producers.
• Proactively manage capacity.
• Underwrite and evaluate Natural Catastrophe Accumulation.
• Ensure contract certainty is achieved on all accounts at time of inception.
• Ensure utilization of global pricing tools.
• Ensure accurate policy documentation issued to producers.
• Contribute to development and execution of regional Underwriting strategy.
• Training, developing and coaching of less experienced staff.
• Manage complex referrals from underwriters and spokes.
• Proactively support acquisition of new business and retention of existing business.
• Positively represent AzC externally to the market.

Benefits

• Generous bonus scheme and pension.
• Flexible working arrangements.
• Private healthcare and generous parental leave benefits.
• Opportunities for career development and digital learning programs.

What This Job Offers

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