Underwriting Specialist - Middle Market
Company: Disability Solutions
Location: San Francisco
Posted on: May 4, 2024
Job Description:
Whether it's airplanes, satellites, the world's biggest ships
and tallest building, cyber-attacks or climate change impacts,
Allianz Global Corporate and Specialty (AGCS) have got the major
risks fully covered when it comes to protecting businesses. 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 Main
Responsibilities for this role include:
- Underwrite Profitable business
- Underwrite new and renewal accounts to meet top and bottom line
targets
- Negotiate price and terms and conditions with producers
- Proactively manage capacity Underwrite and evaluate Natural
Catastrophe Accumulation, ensuring an understanding of catastrophe
modeling and interpretation of scenarios (for relevant LOBs)
- Underwriting Approach and Compliance
- 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
- Policy Documentation and Administration
- Ensure accurate policy documentation issued to producers (where
AzC responsibility to do so) or producers has issued documentation
(where producer 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
- Underwriting Strategy & Leadership
- Contribute to development and execution of regional
Underwriting strategy for LoB regionally
- Training, developing and coaching of less experienced staff
(including Underwriters)
- Manage complex referrals from underwriters and spokes and
re-underwrite complex business as appropriate
- Delegate work as appropriate Requirements:
- A minimum of 5 years of direct experience in,
- Significant experience in Underwriting profitable business in
LoB
- Specialized expert understanding of sub-LoB products and
portfolio
- Recognized relationships with brokers at peer group level and
well established within market
- Specialized understanding of regional / local LoB insurance
markets and competitor landscape, including global elements
- Preferably a degree in Economics, Finance, Insurance Mgmt, or
Business Administration
- Completion of professional insurance qualifcation (e.g.
CII)
- The annualized base pay range for this role is
$101,560-$181,828. The annual base salary range represents a
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. 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 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 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 .
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. #LI-DNP #LI-Hybrid Nearest
Major Market: San Francisco Nearest Secondary Market: Oakland
Keywords: Disability Solutions, San Mateo , Underwriting Specialist - Middle Market, Other , San Francisco, California
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