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Underwriting Specialist - National Accounts Liability

Job Level:  Professional

New York, NY, US, 10005

Due Date:  As soon as possible
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate & Specialty
Job Type:  Full-Time
Remote Job:  Home office due to Covid-19
Employment Type:  Permanent
ID:  684

Job Purpose/Role

  • Underwrite profitable new and renewal business to meet Liability targets regionally including global elements;
  • Ownership of large accounts/clients including negotiation of participation, pricing and terms and conditions;
  • Training and development of underwriters;
  • Develop and maintain strong relationships with brokers and clients; and
  • Specialized technical expertise/oversite of at least one sub-LoB.


Key Responsibilities

  • Underwrite new and renewal accounts to meet top and bottom line targets.
  • Negotiate participation, pricing and terms and conditions with producers.
  • Proactively manage capacity.
  • Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios for Liability.
  • Underwrite in line with Liability governance framework (e.g., Underwriting Authorities, global MSU,
  • Underwriting Guidelines, and Rules and Principles).
  • Ensure contract certainty is achieved on all accounts at time of inception.
  • Ensure utilization of global pricing tools.
  • Ensure placing and binding of FAC Reinsurance prior to policy inception.
  • Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility).
  • 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.
  • Contribute to development and execution of regional Underwriting strategy for Liability regionally.
  • Training, developing and coaching of experienced staff (including Senior Underwriters).
  • Delegate work as appropriate.
  • Proactively drive acquisition of new business and retention of existing business for large/key clients (including client and broker negotiations where necessary).
  • Proactively liaise with MMC on market management initiatives.
  • Positively represent AGCS externally to the market with key brokers/distribution channels.
  • Proactively drive involvement of functional areas in Underwriting process, including MMC, ARC, Claims, and Operations.
  • Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g., risk managers).


Key Requirements/Skills/Experience

  • Bachelor’s Degree, preferably degree in Economics, Finance, Insurance Management or Business Administration;
  • 5 years of experience Underwriting profitable Liability business;
  • In depth understanding of Liability products and portfolio;
  • Experience working in a complex, global matrix organization;
  • In depth understanding of regional/local Liability insurance markets and competitor landscape;
  • Demonstrable, established relationships with brokers at peer group level and well established within local market;
  • Ability to assess risk inherent exposures and natural hazards relevant to Liability;
  • Ability to study trends and scenario plans from which portfolio strategies can be developed and implemented;
  • Ability to evaluate current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance;
  • Apply the knowledge of how the market operates and functions, the business needs and customer needs;
  • Ability to analyze highly complex data, from multiple sources, in detail;
  • Ability to identify and resolve issues before they transpire;
  • Ability to express ideas and messages clearly, both written and verbally;
  • Ability to "sell" an improvised or prepared audience winning story;
  • Experience with general office application tools (e.g., Power Point, Excel, and Word); and
  • Ability to persuade and motivate others to act, without executive authority.

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 or follow us on Twitter @AGCS_Insurance and LinkedIn.

Nearest Major Market: Manhattan
Nearest Secondary Market: New York City