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Senior Construction Underwriter

https://www.allianz.com Logo

Allianz

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Location:
Canada, Remote

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Category:
Insurance

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Contract Type:
Not provided

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Salary:

88219.00 - 151232.00 USD / Year

Job Description:

We are looking for a Senior Construction Underwriter for our Inland Marine team. We need an underwriter with experience in Construction - low/medium hazard Property risks, complex property risks, and/or middle market property lines. The ideal candidate for this role is one who is skilled in underwriting builder's risk, new construction buildings, annual programs, master builder's risk, renewable property, civil works, and contractors equipment. This role is remote for individuals in Canada.

Job Responsibility:

  • 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
  • Underwrite International Insurance Programs
  • Underwrite in line with LoB governance framework
  • 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 producers
  • File maintenance
  • Proactively support completion of policy administration and credit control processes
  • Proactively support acquisition of new business and retention of existing business
  • Proactively liaise with MMC on market management initiatives
  • Positively represent AzC externally to the market
  • Proactively drive involvement of functional areas in Underwriting process
  • Develop and maintain strong relationships with key producers and clients and other relevant stakeholders

Requirements:

  • 5-10 years’ proven track record in Underwriting profitable construction, transportation, inland marine, and low/medium hazard property risks
  • Builder’s risk, contractor’s equipment, annual programs, master builder’s risk
  • Motor Truck Cargo, APD, Railroad Rolling stock, Warehouse Legal
  • Renewable property, low complexity properties
  • In depth understanding of its 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
  • Preferably a bachelor’s degree in insurance, Risk Management, Finance, Economics or Business Administration
  • Progress towards or completion of a professional insurance qualification a plus
  • Ability to assess risk inherent exposures and natural hazards relevant to LoB
  • Ability to manage the underwriting books
  • Analyze 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

Nice to have:

Progress towards or completion of a professional insurance qualification

What we offer:
  • Hybrid working model
  • Great compensation and benefits package
  • Generous bonus scheme and pension
  • Career development and digital learning programs
  • International career mobility
  • Support for flexible working, health, and wellbeing
  • Private healthcare
  • Generous parental leave benefits
  • Opportunities to be engaged in shaping a future that is safe, inclusive, and sustainable

Additional Information:

Job Posted:
March 24, 2025

Employment Type:
Fulltime
Work Type:
Remote work
Job Link Share:
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