Executive Underwriter - Architects and Engineers E&O
Company: Disability Solutions
Location: New York
Posted on: October 13, 2024
Job Description:
Let's care for tomorrow. Your ambitions. Your dreams. Your
tomorrow At Allianz Commercial we are the global leader for
insuring corporate and specialty risks in the Allianz Group.
Whether it's aircraft, the world's biggest ships and tallest
building, cyber-attacks or climate change impacts, Allianz
Commercial has the major risks covered when it comes to protecting
businesses. Allianz has an immediate opening for an experienced
Architects and Engineers Professional Liability Executive
Underwriter in the New York or Chicago office The Impact You Will
Have:
- Underwrite profitable new and renewal business to meet LoB(s)
targets in accordance with underwriting guidelines and underwriting
authority
- Negotiate price and terms and conditions for ENR 500 accounts
(Revenue > $25M)
- Ownership of key accounts / clients
- Develop and maintain strong relationships with producers and
clients in partnership with Market Management
- Work effectively within the global matrix Key Responsibilities:
Support Underwriting Strategy
- Support development and execution of regional Underwriting
strategy for Architects and Engineers Professional Liability
- Support Key Business Initiatives
- Generate new producer relationships
- Participate/contribute to key projects Underwrite Profitable
Business
- Underwrite new and renewal accounts to meet top and bottom-line
targets
- Negotiate price and terms and conditions with producers
- Proactively manage capacity
- Underwrite and evaluate Natural Catastrophe Accumulation,
ensuring an understanding of catastrophe modeling and
interpretation of scenarios (for relevant LoBs)
- Underwrite International Insurance Programs (for relevant LoBs)
Underwriting Approach and Compliance
- Underwrite in line with LoB governance framework - e.g.,
Underwriting Authorities, global ASU, Underwriting Guidelines,
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 Policy Documentation and Administration
- Ensure accurate policy documentation issued to producers (where
Allianz Commercial 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 Market Management
- Proactively support acquisition of new business and retention
of existing business (including client and producer negotiations
where necessary)
- Proactively liaise with MMC on market management initiatives
Relationship Management
- Positively represent Allianz Commercial externally to the
market
- Proactively drive involvement of functional areas in
Underwriting process, including e.g., Market Management &
Communications, Allianz Risk Control, Claims, Operations
- Develop and maintain strong relationships with key producers
and clients and other relevant stakeholders (e.g., risk managers)
Required Skills:
- 7+ years of experience in Underwriting profitable Architects
and Engineers Professional Liability business with an in-depth
understanding of related products and portfolio
- In depth understanding of regional/local LoB(s) 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 Architects and Engineers Professional Liability
- Manage the underwriting books, including analyzing trends and
scenario plans from which portfolio strategies can be developed and
implemented
- Analyze 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; 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
- Bachelor's Degree, preferably in Economics, Finance, Insurance
Management, or Business Administration
- Completion of professional insurance qualification (e.g., RPLU,
CPCU, ARM, CII) The annualized base pay range for this role is
$151,254 - $270,810. 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 Allianz Commercial 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. 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 401K. 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. Care to join us? Allianz Commercial (AzC) is a
global corporate insurance carrier and part 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. Learn more about us by clicking . Allianz is an equal
opportunity employer, and therefore welcomes applications
regardless of ethnicity or cultural background, age, gender,
nationality, religion, disability, sexual orientation or any other
protected characteristic. Diversity of thinking is an important
part of our company culture. Recruitment Agencies: AzC has an
in-house recruitment team, which focuses on sourcing great
candidates directly. AzC does not accept unsolicited resumes from
agency or search firm recruiters. Fees will not be paid in the
event a candidate submitted by a recruiter without an agreement in
place is hired. When we do use agencies, we have a PSL in place, so
please do not contact managers directly. #LI-DNP #LI-Hybrid Nearest
Major Market: Manhattan Nearest Secondary Market: New York
City
Keywords: Disability Solutions, Perth Amboy , Executive Underwriter - Architects and Engineers E&O, Engineering , New York, New Jersey
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