Senior Underwriter - Construction, Allianz

Allianz

Location:

United States, New York

Category:

Insurance

Contract Type:

Not provided

Salary:

99563.00 - 150464.00 USD / Year

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Job Description:

We are looking for a Senior Underwriter for our Construction Property line of business. The ideal candidate will have experience underwriting large construction property accounts such as: builder’s risk, construction all risks (CAR), erection all risks (EAR), and civil construction/civil works. This role will is based in the New York City office.

Job Responsibility:

Underwrite profitable new and renewal business to meet 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
Support development and execution of regional Underwriting strategy for LoB(s)
Support key business initiatives
Generate new producer relationships
Participate/contribute to key projects
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)
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 placing and binding of FAC Reinsurance prior to policy inception
Ensure accurate policy documentation issued to producers (where AzC 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
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
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 producers and clients and other relevant stakeholders (e.g., risk managers)

Requirements:

A minimum 5 years’ proven track record in Underwriting profitable construction property business in LoB
In depth understanding of LoB(s) 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 degree in Insurance, Risk Management, Finance, Economics, Business Administration, or other appropriate discipline
Ability to assess risk inherent exposures and natural hazards relevant to LoB
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
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
Ability to persuade and motivate others to act, without executive authority
Use general office application tools e.g. Power Point, Excel, Word
The ability to utilize AI tools to support day-today tasks, improve efficiency, and contribute to data-driven decision-making is valuable
A willingness to learn and explore how AI can enhance your role and the broader organization is expected

Nice to have:

Preferably a degree in Insurance, Risk Management, Finance, Economics, Business Administration, or other appropriate discipline
The ability to utilize AI tools to support day-today tasks, improve efficiency, and contribute to data-driven decision-making is valuable
A willingness to learn and explore how AI can enhance your role and the broader organization is expected

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 (including private healthcare and 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:

Hybrid work

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Senior Underwriter - Construction