We are looking for a Property Underwriter to join our team. This will be a hybrid role based in Alpharetta, GA.
Your Team
Allianz Commercial (AzC) specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our global network.
Our experience speaks for itself, insuring the majority of Global Fortune 500 companies, managing over 1000 global property insurance programs, and fielding an underwriting team averaging over 20 years experience, backed by a worldwide team of risk consultants and claims specialists.
When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!
The Impact You Will Have
Reporting to the Senior Underwriting Team Leader – South Zone, this position will underwrite profitable new and renewal business to meet Line of Business targets, negotiate participation, pricing, and terms and conditions, take ownership of accounts and clients, and develop and maintain relationships with brokers and clients.
Some of your specific responsibilities could include:
Underwrite Profitable Business
- Underwrite new and renewal accounts to meet top and bottom line targets
- Negotiate participation, pricing, and terms and conditions with brokers
- Proactively manage capacity
- Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios
Underwriting Approach and Compliance
- Underwrite in line with Line of Business governance framework (e.g., Underwriting Authorities, global Minimum Standards of Underwriting , 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 Facultative Reinsurance prior to policy inception
Policy Documentation and Administration
- Ensure accurate policy documentation is issued to brokers or that brokers have issued documentation where applicable
- Maintain files (electronic or paper) for each risk and transaction handled
- Proactively support completion of policy administration and credit control processes
Market Management
- Proactively support acquisition of new business and retention of existing business, including client and broker negotiations where necessary
- Liaise with Market Management on market management initiatives
Relationship Management
- Positively represent AGCS externally to the market
- Drive involvement of functional areas in the Underwriting process (e.g., Market Management, ARC, Claims, Operations)
- Develop and maintain strong relationships with key brokers, clients, and other relevant stakeholders (e.g., risk managers)
What You'll Bring to the Role
- Minimum 1 to 3 years of proven experience underwriting profitable business; understanding of Line of Business products and portfolio
- Demonstrable, established relationships with brokers at peer group level
- Good understanding of regional/local insurance markets and competitor landscape
- Understanding of legal and regulatory framework
- Experience working in a complex, global matrix organization
- Risk Assessment and Management: Ability to assess risk, inherent exposures, and natural hazards relevant to the Line of Business
- Pricing and Market Management: Ability to analyze current performance against benchmarks, applying knowledge of how the market operates, business needs, and customer needs
- Contract Drafting and Interpretation: Ability to design, develop, and implement consistent, robust wordings
- Policy Management: Robust understanding of the policy administration life cycle, including information collection, policy issuance, premium bookings, credit control, and cancellation
- Analytical Skills: Ability to effectively absorb information from various sources, analyze data in detail, and draw appropriate conclusions
- Communication Skills: Ability to clearly and effectively express ideas and messages via speech or writing
- Influencing Skills: Ability to persuade and motivate others to act, without executive authority
- Preferably a degree in Risk Management, Economics, Law, or other appropriate discipline
- Progress towards a professional insurance qualification (e.g., CII) preferred
- The ability to utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making is valuable.
The annualized base pay range for this role is $70,536 to $106,571. 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.
100423 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent
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 is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.
Learn more about careers at Allianz Commercial by clicking here.
Learn more about Allianz Commercial by clicking here.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.
We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Join us. Let's care for tomorrow.
People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email
[email protected]
Recruitment Agencies:
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm.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. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.
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