Underwriting Specialist - Inland Marine

Allianz Insurance • Chicago, IL

82d • $103,461 - $161,017

About The Position

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

• A minimum 5 years’ significant experience in underwriting profitable inland marine business.
• Specialized expert understanding of sub-LoB products and portfolio.
• Specialized understanding of regional/local LoB insurance markets and competitor landscape.
• Recognized relationships with brokers at peer group level.
• Experience working as an underwriter or account executive.
• Good understanding of legal and regulatory framework.
• Experience working in complex, global matrix organization.
• Ability to assess risk inherent exposures and natural hazards relevant to LoB.
• Ability to analyze highly complex data from multiple sources.
• Ability to express ideas and messages clearly, both written and verbally.
• Use of general office application tools (i.e. PowerPoint, Excel, Word).
• Ability to utilize AI tools to support day-to-day tasks.

Nice To Haves

• Preferably a bachelor’s degree in Risk Management, Insurance, Business Administration, Finance or Economics.
• Completion of a professional insurance qualification.

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, ensuring an understanding of catastrophe modelling and interpretation of scenarios.
• Underwrite International Insurance Programs.
• 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 for each risk and transaction handled.
• Proactively support completion of policy administration and credit control processes.
• Contribute to development and execution of regional Underwriting strategy.
• Training, developing and coaching of less experienced staff.
• Manage complex referrals from underwriters and spokes.
• Delegate work as appropriate.
• Proactively support acquisition of new business and retention of existing business.
• Proactively liaise with MMC on market management initiatives.
• Positively represent AzC externally to the market.
• Develop and maintain strong relationships with key producers and clients.

Benefits

• Generous bonus scheme and pension.
• Hybrid working model.
• Career development and digital learning programs.
• Private healthcare and generous parental leave benefits.
• Opportunities to be engaged in shaping a future that is safe, inclusive, and sustainable.

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