Sr. Underwriter - Financial Lines
Chicago, USA Sales
Job description
Our Private Company Financial Lines team is currently looking for a Sr. Underwriter based in New York. This is a hybrid role.
Your Team
Allianz Commercial (AzC) employs the brightest, most passionate people in the insurance industry. We’d love for you to join our growing team! We invest in our people through training and professional development while supporting you along the way—all so you can meet your career goals. To us, the most important measure of our success is yours.
The Impact You Will Have
Underwrite profitable new and renewal business to meet Line of Business (LoB) targets regionally in accordance with underwriting guidelines and underwriting authority.
Some of your specific responsibilities could include:
Underwrite new and renewal accounts to meet top and bottom line targets
Negotiate price and terms and conditions with producers
Underwrite in line with Financial Lines governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
Conduct thorough underwriting analysis of Financial Institutions, including reviewing financial statements, risk exposures, and claims history.
Proactively support completion of policy administration and credit control processes
Training, developing and coaching of less experienced staff (including Underwriters)
Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders
What You’ll Bring to the Role
3-5 years experience in proven track record in Underwriting profitable business in Financial Lines
3-5 years experience in demonstrating established relationships with brokers at peer group level and established within market
3-5 years experience in understanding of regional / local LoB insurance markets and competitor landscape
1-3 years experience in understanding of legal and regulatory framework
1-3 years experience working in complex, global matrix organization
College degree preferably in Economics, Finance, Insurance Management, or Business Administration
Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is preferred
The annualized base pay range for this role is $99,563 - $150,064. The annual base salary range represents nationwide market range. The actual salary for this position may be above and will be determined by a number of 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.
76002 | Underwriting | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent