Corporate Accounts Liability Underwriting Specialist - Chicago, IL

Allianz Global Corporate & Specialty
  • Job Purpose/ Role

    ##Underwrite profitable new and renewal business to meet Corporate Accounts Liability targets regionally, including global elements;~crlf~##Ownership of large accounts/clients including negotiation of participation, pricing and terms and conditions; and~crlf~##Develop and maintain strong relationships with brokers and clients.

  • Key Responsibilities

    ##Underwrite Profitable business.~crlf~##Underwrite new and renewal accounts to meet top and bottom line targets (regionally including global elements). ~crlf~##Negotiate participation, pricing and terms and conditions with brokers. ~crlf~##Proactively manage capacity.~crlf~##Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios for Corporate Accounts Liability business.~crlf~##Underwrite in line with Corporate Accounts Liability governance framework (e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles).~crlf~##Ensure contract certainty is achieved on all accounts at time of inception.~crlf~##Ensure utilization of global pricing tools.~crlf~##Ensure placing and binding of FAC Reinsurance prior to policy inception.~crlf~##Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or producer has issued documentation (where producer responsibility).~crlf~##Ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled.~crlf~##Proactively support completion of policy administration and credit control processes.~crlf~##Contribute to development and execution of regional Underwriting strategy for Corporate Accounts Liability regionally.~crlf~##Training, developing and coaching of less experienced staff (including Underwriters).~crlf~##Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate.~crlf~##Delegate work as appropriate.~crlf~##Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary).~crlf~##Proactively liaise with MMC on market management initiatives.~crlf~##Positively represent AGCS externally to the market.~crlf~##Proactively drive involvement of functional areas in Underwriting process, including MMC, ARC, Claims, and Operations.~crlf~##Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g., risk managers).

  • Key Requirements/ Skills

    ##Bachelor Degree, preferably in Economics, Finance, Insurance Management or Business Administration;~crlf~##Significant experience in Underwriting profitable Corporate Accounts Liability business;~crlf~##In depth understanding of Corporate Accounts Liability products and portfolio;~crlf~##In depth understanding of regional/local Corporate Accounts Liability insurance markets and competitor landscape;~crlf~##Demonstrable, established relationships with brokers at peer group level and well established within market;~crlf~##Good understanding of legal and regulatory framework;~crlf~##Ability to assess risk inherent exposures and natural hazards relevant to Corporate Accounts Liability business;~crlf~##Analyze current performance against various benchmarks, applying the knowledge of how the market operates and functions, the business needs and customer needs;~crlf~##Design, develop and implement consistent, robust wordings;~crlf~##Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, and cancellation;~crlf~##Ability to analyze highly complex data, from multiple sources, in detail;~crlf~##Identify and resolve issues before they transpire;~crlf~##Ability to express ideas and messages clearly, both written and verbally;~crlf~##Ability to "sell" an improvised or prepared audience winning story;~crlf~##Ability to use general office application tools (e.g., Power Point, Excel, and Word; and~crlf~##Ability to persuade and motivate others to act, without executive authority.

  • Additional Information

    **Would consider qualified candidates located in the Midwest**

  • About Allianz

    Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

    Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

    Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~

Job Purpose/ Role

##Underwrite profitable new and renewal business to meet Corporate Accounts Liability targets regionally, including global elements;~crlf~##Ownership of large accounts/clients including negotiation of participation, pricing and terms and conditions; and~crlf~##Develop and maintain strong relationships with brokers and clients.

Key Responsibilities

##Underwrite Profitable business.~crlf~##Underwrite new and renewal accounts to meet top and bottom line targets (regionally including global elements). ~crlf~##Negotiate participation, pricing and terms and conditions with brokers. ~crlf~##Proactively manage capacity.~crlf~##Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios for Corporate Accounts Liability business.~crlf~##Underwrite in line with Corporate Accounts Liability governance framework (e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles).~crlf~##Ensure contract certainty is achieved on all accounts at time of inception.~crlf~##Ensure utilization of global pricing tools.~crlf~##Ensure placing and binding of FAC Reinsurance prior to policy inception.~crlf~##Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or producer has issued documentation (where producer responsibility).~crlf~##Ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled.~crlf~##Proactively support completion of policy administration and credit control processes.~crlf~##Contribute to development and execution of regional Underwriting strategy for Corporate Accounts Liability regionally.~crlf~##Training, developing and coaching of less experienced staff (including Underwriters).~crlf~##Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate.~crlf~##Delegate work as appropriate.~crlf~##Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary).~crlf~##Proactively liaise with MMC on market management initiatives.~crlf~##Positively represent AGCS externally to the market.~crlf~##Proactively drive involvement of functional areas in Underwriting process, including MMC, ARC, Claims, and Operations.~crlf~##Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g., risk managers).

Key Requirements/ Skills

##Bachelor Degree, preferably in Economics, Finance, Insurance Management or Business Administration;~crlf~##Significant experience in Underwriting profitable Corporate Accounts Liability business;~crlf~##In depth understanding of Corporate Accounts Liability products and portfolio;~crlf~##In depth understanding of regional/local Corporate Accounts Liability insurance markets and competitor landscape;~crlf~##Demonstrable, established relationships with brokers at peer group level and well established within market;~crlf~##Good understanding of legal and regulatory framework;~crlf~##Ability to assess risk inherent exposures and natural hazards relevant to Corporate Accounts Liability business;~crlf~##Analyze current performance against various benchmarks, applying the knowledge of how the market operates and functions, the business needs and customer needs;~crlf~##Design, develop and implement consistent, robust wordings;~crlf~##Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, and cancellation;~crlf~##Ability to analyze highly complex data, from multiple sources, in detail;~crlf~##Identify and resolve issues before they transpire;~crlf~##Ability to express ideas and messages clearly, both written and verbally;~crlf~##Ability to "sell" an improvised or prepared audience winning story;~crlf~##Ability to use general office application tools (e.g., Power Point, Excel, and Word; and~crlf~##Ability to persuade and motivate others to act, without executive authority.

Additional Information

**Would consider qualified candidates located in the Midwest**

About Allianz

Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~


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