Senior Underwriter - Financial Institutions

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

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 currently looking for a Sr. Underwriter based in Chicago. This is a hybrid role.

Your Team

Allianz Commercial (AzC) employs the brightest, most passionate people in the insurance industry. We’d love for you to join our growing team! We invest in our people through training and professional development while supporting you along the way all so you can meet your career goals.

To us, the most important measure of our success is yours.

The Impact You Will Have

Underwrite profitable new and renewal business to meet Line of Business (LoB) targets regionally in accordance with underwriting guidelines and underwriting authority.

Some of your specific responsibilities could include :

• Underwrite new and renewal Financial Institutions accounts to meet top and bottom line targets
• Negotiate price and terms and conditions with producers
• Underwrite in line with Financial Lines governance framework - Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
• Conduct thorough underwriting analysis of Financial Institutions, including reviewing financial statements, risk exposures, and claims history.
• Proactively support completion of policy administration and credit control processes
• Training, developing and coaching of less experienced staff (including Underwriters)
• Proactively support acquisition of new business and retention of existing business (including client and producer negotiations where necessary)
• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders

What You’ll Bring to the Role

• 3-5 years experience in proven track record in Underwriting profitable business in Financial Lines
• Thorough understanding of Management Liability products and coverages for Financial Institutions including D&O, E&O, EPL, and Fiduciary Liability
• Experience in demonstrating established relationships with brokers at peer group level and established within market
• Excellent communication and negotiation skills, with the ability to build rapport and influence stakeholders at all levels.
• Strong analytical skills and ability to interpret complex financial data and legal documents
• College degree preferably in Economics, Finance, Insurance Management, or Business Administration

The annualized base pay range for this role is $77,906-$133,554. The annual base salary range represents 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 AzC 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.

43068 Underwriting Professional Non-Executive Allianz Commercial Full-Time Permanent

What’s in it for you?

Let’s care about everything that makes you, you

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 pension.

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 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.

LI-DNP #LI-Hybrid