Job Description

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. 

Our Private Company Financial Lines team is currently looking for an Underwriting Specialist based in New York or Chicago. 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 Financial Lines. Specialized expert understanding of sub-LoB products and portfolio 

• 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. 

61310 | 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 Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.   

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.  

Learn more about careers at Allianz Commercial by clicking here . 

Learn more about Allianz Commercial 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 culture. 

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 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. 

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