We are looking for a Senior Underwriter for our Inland Marine line of business who is experienced in underwriting large complex 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). This role will work a hybrid schedule based from our Alpharetta, Georgia office.
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 Senior Underwriting Team Leader South, this position will underwrite profitable new and renewal business to meet the inland marine line of business targets in accordance with underwriting guidelines and underwriting authority. In addition, negotiate price, and terms and conditions, own accounts/clients, while developing and maintaining strong relationships with producers and clients in partnership with Market Management.
Some of your specific responsibilities could include:
Underwriting new and renewable accounts to meet top and bottom-line targets (local and/or regional). Negotiating participation, pricing and terms and conditions with brokers. Proactively manage capacity. Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LOBs). Underwrite International Insurance Programs (for relevant LOBs).
Underwriting 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.
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Ensure accurate policy documentation issued to broker (where AzC responsibility to do so) or broker 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 regionally. Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control). Manage standard referrals from underwriters and spokes and re-underwrite complex business as appropriate. Delegate work as appropriate
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 brokers and clients and other relevant stakeholders (e.g. risk managers)
What You’ll Bring to the Role –
We'd like to find someone with a minimum 3 years’ proven track record in underwriting profitable inland marine business. Good understanding of its products and portfolio. Demonstrable, established relationships with brokers at peer group level and established within market. Good understanding of regional/local inland marine markets and competitor landscape, legal and regulatory framework, with experience working in complex a complex, global matrix organization.
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).
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. Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented. Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance.
Apply knowledge of how the market operates and functions, the business and customer needs.
Ability to analyze highly complex data from multiple sources, in detail; identify and resolve issues before they transpire
Ability to express ideas and messages clearly, both written and verbally. Ability to “sell” an improvised or prepared audience winning story. Ability to persuade and motivate others to act, without executive authority.
Use of general office application tools (i.e. PowerPoint, 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.
External applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.
The annualized base pay range for this role is $85,982 to $129,875. 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.
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 pension.
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 yo
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