Student Intern (Temp) - Construction Property Underwriting

Job description

Let’s care for tomorrow.   

Your ambitions.  Your dreams.  Your tomorrow   

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group.  Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, AzC has the major risks covered when it comes to protecting businesses. 

 

We are looking for a Student Intern for our Construction Property line of business based in New York City. 

 

Your Team   

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. 

 

The Impact You Will Have   

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. 

 

Some of your specific responsibilities could include:   

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Underwriting/Risk Consulting

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Exposure to the identification and analysis of risk and loss control advice.   

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Continue exposure and education in the underwriting of the risk selection, and retention on accounts.   

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Some activities will cross line of business in nature and may allow for a full spectrum of the capabilities of the Allianz Risk Consulting Teams. 

 

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Special Projects

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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.   

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Manage large project pipelines.  

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Support sanctions / rep risk check on accounts. 

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Clean up some reports i.e. Treaty & Nat Cat. 

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Data quality checks in Foundry. 

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Organize policy wording folders both internal & external wordings etc. 

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Other business analyst type work. 

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Assist with natcat risk assessments (NATHAN, FEMA, RMS Modeling, CATlas, etc.).

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Read ARC GREAT reports and Geotech’s to pick out importance pieces of information (foundation types, dewatering methods, assigned contractor, etc.). 

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Possibly sit with an engineer during their review. 

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Assist with MBR maintenance.  

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Attend broker lunches and happy hours. 

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Sit in on NY huddle meetings & the biweekly US team meetings. 

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Help formulate underwriting rationale on per project basis. 

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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.

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Will collaborate on a proof of concept for a new product offering or research. 

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Will be given other projects that can be completed within the length of the internship. 

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Assist with Admin tasks as required. 

 

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On the Job Learning    

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Participate in a wide range of learning and development activities focused on immersing the intern into how insurance works 

 

What You’ll Bring to the Role –    

· 
Currently pursuing university or college degree in Business, Economics, Finance, Risk Management, Insurance or related discipline. 

· 
Minimum GPA of 3.0. 

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Knowledge of basic computer operations including a strong working knowledge of Excel and other MS office applications.

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Ability to apply field of study learnings to the internship. 

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Knowledge of basic math skills – strong aptitude for numbers.  

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Self-starter with the ability to work as a team member in a fast-paced dynamic environment.

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Ability to prioritize and meet deadlines. 

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Strong oral and written communication. 

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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 company offers a pay rate of $23 per hour for this internship. This is a Full time 10-week Summer Internship which will begin in early June 2025.   

71949 | Underwriting | Student | Allianz Commercial | Full-Time | Temporary

 

What’s in it for you? 

 

Let’s care about everything that makes you, you 

We are committed to nurturing an inclusive environment where everyone feels they belong.  We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.  Please feel free to discuss flexible working arrangements with us. 

 

Let’s care for your financial wellbeing 

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and 401K. 

 

Let’s care for your opportunities to progress 

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered. 

 

Let’s care for life’s twists and turns 

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach.  We’ve got your back. 

 

Let’s care for our society and our planet 

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients. 

 

Care to join us? 

Allianz Commercial (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. 

 

Learn more about us by clicking here . 

 

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic.  Diversity of thinking is an important part of our company culture. 

 

Recruitment Agencies:  
AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly. 

 

 

 

Nearest Major Market: Manhattan
Nearest Secondary Market: New York City