Senior Underwriting Team Leader - Inland Marine - Allianz - USA

Job description

We are looking for an Underwriting Team Leader for our Inland Marine line of business with strong experience underwriting and leading underwriters who write products/accounts such as transportation, trucking, and/or construction. This position is a remote role, but candidate must reside in one of the following states to service brokers/clients/lead underwriting team: Illinois, Wisconsin, Missouri, Ohio, Indiana, or Kentucky.

Your Team  

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.

The Impact You Will Have  

Reporting to the Midwest Zone Leader – Inland Marine, this role will underwrite profitable new and renewal business to meet inland marine LoB targets and the negotiation of participation, pricing, and terms and conditions. Ownership of key accounts / clients while leading and managing team, training and development of team and referral point for other underwriters. Develop and maintain strong relationships with brokers and clients. As part of the regional team will be the owner of U.S. APT (Allianz Pricing Tool) and provide accurate APT completion and ERC validation for the region in line with board-level expectations.

Some of your specific responsibilities could include:  

Underwrite new and renewal accounts to meet top and bottom-line targets. Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity. Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs)

Underwrite 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 producers 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. 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 producers and clients and other relevant stakeholders (e.g., risk managers).

Lead and manage Underwriting team. Manage cost center budget within plan. Training, developing and coaching of less experienced staff (including Underwriting, Operations, Credit Control). Manage referrals from underwriters and spokes and re-underwrite complex business as appropriate.

What You’ll Bring to the Role

A minimum 5 years’ proven track record in Underwriting profitable inland marine business. In depth understanding of LoB products and portfolio.

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).

Experience of managing and developing teams. Ability to advise, instruct, direct, and guide as a coach to help someone develop his/ her skills.

Experience working in complex, global matrix organization.

Demonstrable, established relationships with brokers at peer group level and well established within local market. In depth understanding of regional / local LoB insurance markets and competitor landscape, including understanding of legal and regulatory framework

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

Ability to assess risk inherent exposures and natural hazards relevant to LoB. Apply the knowledge of how the market operates and functions, the business needs and customer needs.

Manage the underwriting books, monitor appropriate investments and allocate funds accordingly; Analyze trends and scenario plans from which portfolio strategies can be developed and implemented.

Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.

Ability to persuade and motivate others to act, without executive authority. Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story.

Use general office application tools e.g. Power Point, Excel, Word.

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.

The annualized base pay range for this role is $112,350 to $188,683. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several factors, including the scope, complexity and location of the role, the skills, education, training, credentials, and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.

Offers “Allianz”

Job description