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Underwriting Specialist Middle Market Commercial

Job Level:  Professional
Location: 

Chicago, IL, US, 60606

Due Date:  As soon as possible
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  738

Job Purpose/Role

  • Underwrite new and renewal business in accordance with business strategy and underwriting authority
  • Develop and maintain strong relationships with producers and clients in partnership with Market Management
  • Coach and mentor Underwriting Associates
  • Work effectively within a global matrix and collaborate with colleagues to meet and exceed business goals

 

Key Responsibilities
Support Underwriting Strategy

  • Participate in the development and execution of regional Underwriting strategy for LoB(s)
  • Work closely with Market Management, Claims and other product lines to execute key marketing strategies, including cross-selling

Market Management

  • Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)

Underwrite Profitable Business

  • Underwrite new and renewal accounts to meet top and bottom line goals
  • Negotiate price and terms and conditions with producers
  • Proactively manage CAT capacity

Policy Documentation and Administration

  • Ensure accurate policy documentation issued to producers (where AGCS responsibility to do so) or producers has issued documentation (where producer responsibility)
  • File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
  • Proactively support completion of policy administration and credit control processes

Relationship Management

  • Positively represent AGCS externally to the market
  • Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
  • Develop and maintain strong relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)

Support Key Business Initiatives/Misc.

  • Generate new producer relationships
  • Participate / contribute to key projects
  • Training and development of team and referral point for other underwriters
  • Participate in cross regional activities as required / requested

 

Compensation is commensurate with skills and experience and includes a comprehensive best in class benefits package.  Any salary or benefits information provided by third party resources such as external job posting websites etc., cannot be deemed reliable.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us. Let’s care for tomorrow.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit 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.
Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.

For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.
 


Nearest Major Market: Chicago