Property Underwriting Specialist

Allianz
US - Illinois - Chicago
July 15, 2024

Please note that this position is expected to be part of the pending sale of the Allianz Commercial (MidCorp / Entertainment) business to Arch Insurance (Arch).
By the end of May (or shortly after hiring for those hired by Allianz in the latter part of May or thereafter), Arch is expected to make comparable offers of employment to the employees of the MidCorp/Entertainment business, conditioned upon, and subject to, the closing of the transaction.The transaction is expected to close following, and subject to, the satisfaction of all applicable closing conditions, including regulatory approval of the transaction.If an employee receives and accepts Arch's offer of employment, subject to the employee's satisfaction of the conditions to Arch's offer, the employee will commence employment with Arch at, and subject to, the close of the transaction.At that time, the employee will be covered by Arch's benefit plans and policies.

Let's care for tomorrow.Your ambitions.Your dreams.Your tomorrowAt 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 Property Underwriting Specialist For the Midwest Zone, preferably located in Chicago

We are looking for a commercial property expert for a Property underwriting role in our Midwest Zone.This role will include both new business production and renewal management.You'll be working with brokers in the Midwest, but risks could be anywhere in the US.Our Middle Market Property unit utilizes a proprietary property form and writes ground up, full limit Property structures.
As an underwriter, you will be charged with directly underwriting, servicing and growing a book focused on Real Estate, Hospitality, Manufacturing, Healthcare, and Wholesale Distribution business.
On our team, the Underwriters are responsible for marketing to their assigned brokers to bring in opportunities and will work closely within the property product team and package underwriters to drive profitable growth.

Some of your specific responsibilities could include:

Establish relationships with key trading partners and drive submission activity across assigned Brokers.
Be responsible for profit, growth and retention of assigned book.
Meet or exceed new business production goals while maintaining profitability across assigned portfolio and adhering to authority and strategies.
Work collaboratively with internal stakeholders and brokers to retain key assigned renewals and lead coordination of Risk Services & Claims Service plans for key accounts.
Maintain and develop relationships internally and externally.
Develop, advance & execute against a prospect pipeline with our trading partners, as well as engaging other business units for cross-selling opportunities.

What You'll Bring to the Role

Bachelor's degree;
5+ years of Underwriting experience preferably in the Middle Market Property segment or a Multiline background;
Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers;
Presentation and public speaking skills;
Strong negotiations skills and sales acumen;
Invest in local broker and insurance marketplace relationships;
Knowledge and understanding of current insurance marketplace conditions;
Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority;
Understanding of Property Insurance coverage, terms and conditions; and
Proficiency in Microsoft Office Suite.

The annualized base pay range for this role is $96,944 - $166,190.
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 AGCS 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.

45758 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

What's in it for you?Let's care about everything that makes you, youWe 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 wellbeingWe 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 progressFrom 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 turnsFrom 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 planetWith 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.
• LI-DNP #LI-Hybrid

Nearest Major Market:
Chicago

Read the full job description and apply online on the recuiter's web-site

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