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Job Level:  Professional

New York, NY, US, 10005 New York, NY, US, 10019 Remote, Remote, US, Remote

Available until:  12/09/2022
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate & Specialty
Employing Entity:  Allianz Global Risks US Insurance Compan
Job Type:  Full-Time
Remote Job:  Remote working
Employment Type:  Permanent
ID:  15930

AGCS Intro

Whether it’s airplanes, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Global Corporate and Specialty (AGCS) have got the major risks fully covered when it comes to protecting businesses.


Job Description:

  • Underwrite profitable new and renewal business to meet LoB targets
  • Negotiation of participation, pricing and terms and conditions
  • Ownership of accounts / clientsDevelop and maintain relationships with brokers and clients


Core Responsibilties:

  • Underwrite Profitable business
    • Underwrite new and renewal accounts to meet top and bottom line targets
    • Negotiate participation, pricing and terms and conditions with brokers
    • Proactively manage capacity Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling 
  • Underwriting Approach and Compliance
    • Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
    • Ensure contract certainty is achieved on all accounts at time of inception
    • Ensure utilisation of global pricing tools
  • Policy Documentation and Administration
    • Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker 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
  • Market Management
    • Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
    • Proactively liaise with MMC on market management initiatives
  • 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 brokers and clients and other relevant stakeholders (e.g. risk managers)


Job Requirements:

  • 3+ years with a proven track record in Underwriting profitable business in LoB. Understanding of LoB products and portfolio
  • 3+ years of experience with demonstrable, established relationships with brokers at peer group level
  • Experience working in complex, global matrix organization
  • Good understanding of regional / local LoB insurance markets and competitor landscape
  • Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions
  • Preferably a degree in Economics, Law, or other appropriate discipline


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. 
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.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let's care for tomorrow.
Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.

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