Senior Underwriter - Property

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, AzC has the major risks covered when it comes to protecting businesses. We are looking for a Senior Underwriter - Property. This role will work a hybrid scheduled, based in our Alpharetta, Georgia Office. Your Team Allianz Commercial (AzC) specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made All Risks property damage and business interruption insurance through our global network. Our experience speaks for itself, insuring the majority of Global Fortune 500 companies, managing over 1000 global property insurance programs, and fielding an underwriting team averaging over 20 years’ experience, backed up a worldwide team of risk consultants and claims specialists. When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all The Impact You Will Have Reporting to the Regional Property Leader - South, this position will underwrite profitable new and renewal business to meet Property LoB targets in accordance with underwriting guidelines and underwriting authority. Negotiate price and terms and conditions. Own key accounts/clients. Develop and maintain strong relationships with producers and clients in partnership with Market Management. Some of your specific responsibilities could include: • Underwrite new and renewal accounts to meet top and bottom-line targets (local and/or regional). Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity. Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs) • 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 utilization of global pricing tools • Ensure accurate policy documentation issued to broker (where AzC 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. • Support development and execution of regional Underwriting strategy for LoB regionally. Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control). Manage standard referrals from underwriters and spokes and re-underwrite complex business as appropriate. Delegate work as appropriate • 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 • Positively represent AzC 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) What You’ll Bring to the Role • A minimum 3 years’ proven track record in underwriting profitable Property business. Understanding of LoB products and portfolio. Demonstrable, established relationships with brokers at peer group level. Good understanding of regional/local LoB insurance markets and competitor landscape, and legal and regulatory framework. With experience working in a complex, global matrix organization. o If you’ve underwritten property insurance products such as commercial property, large property, corporate property, shared and layered property, this job is for you • Preferably a bachelor’s degree in Insurance, Risk Management, Finance, Economics, or Business Administration. • Ability to assess risk inherent exposures and natural hazards relevant to LoB. Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs. Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.