Underwriting Specialist - Professional Indemnity - Allianz - New York

Job description

Our Professional Indemnity Financial Lines team is currently looking for an Underwriting Specialist based in Chicago or 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:

Participate in the development and execution of Zonal Underwriting strategy for LoB(s) and work closely with Market Management, Claims and other product lines to achieve key marketing strategies, including cross- selling.

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.

Proactively support completion of policy administration and credit control processes.

Contribute to development and execution of zonal Underwriting strategy for LoB.

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 (e.g. risk managers).

What You’ll Bring to the Role

5-7 years' experience in Underwriting profitable business in Professional Indemnity. Specialized expert understanding of Miscellaneous Professional, Lawyers Professional, Accountants Professional, and/or Insurance Agents & Brokers.

5-7 years' experience in demonstrating established relationships with brokers at peer group level and well established within market.

5-7 years' experience in specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements.

3-5 years' experience in good understanding of legal and regulatory framework.

3-5 years' experience working in complex, global matrix organization.

College degree preferably in Economics, Finance, Insurance Management, or Business Administration.

Completion of professional insurance qualification (e.g. CII, RPLU) is a plus

The annualized base pay range for this role is $134,147 - $229,966.  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.

Offers “Allianz”

Job description