Allianz Life Insurance

Senior Underwriter - Property

Allianz Life Insurance$99K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of underwriting experience in Property insurance
  • Advanced risk assessment and management skills
  • Intermediate expertise in pricing and market analysis
  • Strong understanding of local insurance markets
  • Contract drafting and interpretation experience
  • Advanced knowledge of policy lifecycle management
  • Basic understanding of AI applications in business

Responsibilities

  • Underwrite new and renewal accounts to meet financial targets.
  • Evaluate natural catastrophe risks and modeling.
  • Ensure contract certainty at policy inception.
  • Oversee policy documentation and administration processes.
  • Support regional underwriting strategy and mentor junior staff.
  • Proactively assist in acquiring and retaining business.
  • Build and maintain strong relationships with brokers and clients.

Benefits

  • Flexible working arrangements and hybrid work model
  • Generous performance-based bonus scheme
  • Comprehensive healthcare and wellness programs
  • Generous parental leave and support for career breaks
  • Lifelong learning and career development opportunities
  • Engagement in sustainable and community-focused initiatives
Full Job Description
We are looking for a Senior Underwriter to join our Property Team. This will be a remote role based in San Francisco, California. Possible consideratinon for Seattle, Los Angeles, San Diego or Denver.

The Impact You Will Have

As an Underwriter, you will play a crucial role in driving the profitability and growth of our Property Line of Business (LoB). Your expertise will ensure that new and renewal business meets our targets, while adhering to underwriting guidelines and authority. You will be instrumental in negotiating price, terms, and conditions, and will take ownership of key accounts and clients. By developing and maintaining strong relationships with producers and clients, in partnership with Market Management, you will contribute significantly to our success.

Some of your specific responsibilities could include:

  • Underwrite profitable new and renewal accounts to meet top and bottom line targets, negotiating participation, pricing, and terms with brokers.


  • Evaluate Natural Catastrophe Accumulation and ensure an understanding of catastrophe modeling and interpretation of scenarios.


  • Ensure contract certainty at inception and utilize global pricing tools effectively.


  • Manage policy documentation and administration, ensuring accurate issuance and file maintenance.


  • Support the development and execution of regional underwriting strategy, including training and coaching of less experienced staff.


  • Proactively support the acquisition of new business and retention of existing business, liaising with Market Management on initiatives.


  • Develop and maintain strong relationships with key brokers, clients, and stakeholders, positively representing AGCS externally.


What You'll Bring to the Role

  • Proven track record in underwriting profitable business within the Property Line of Business, with a minimum of 3 to 5 years of experience.


  • Advanced skills in risk assessment and management, with the ability to assess inherent exposures and natural hazards.


  • Intermediate expertise in pricing and market management, analyzing performance against benchmarks.


  • Robust understanding of regional/local LoB insurance markets and competitor landscape.


  • Intermediate skills in contract drafting and interpretation, with a solid understanding of the legal and regulatory framework.


  • Advanced knowledge of policy management, including the policy administration life cycle.


  • Experience working in a complex, global matrix organization, with a strategic orientation and entrepreneurial mindset.


  • A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.


Join us in shaping the future of underwriting and making a significant impact within our organization!

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 $99,563 - $150,464. 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.

84384 | Underwriting | Professional | Non-Executive | 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.

About Allianz Life Insurance

Allianz Life Insurance Company of North America is a leading provider of retirement solutions, including fixed and variable annuities and life insurance for individuals. The company is part of Allianz SE, a global financial services company that is headquartered in Munich, Germany. Allianz Life Insurance Company of North America was founded in 1896 and has been providing financial protection and retirement solutions to Americans for over 125 years. The company has a strong commitment to corporate responsibility and sustainability, and has been recognized for its efforts in these areas. Allianz Life Insurance Company of North America is a subsidiary of Allianz Life Insurance Company of New York, which is a wholly owned subsidiary of Allianz SE.
Learn more about Allianz Life Insurance
Size
142,460 employees
Industry
Founded
1890
NASDAQ

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