Executive Underwriter - Property

Overview

Be among the first 25 applicants. We are looking for an Executive Underwriter for our office in Houston, Texas for our property line of business.

The Impact You Will Have
Reporting to the Regional Property Leader – Southeast, this position will take prime responsibility for underwriting profitable new and renewal business to meet Allianz Commercial Property targets in accordance with underwriting guidelines and underwriting authority. You will negotiate price and terms and conditions, as well as develop and maintain strong relationships with producers and clients in partnership with Market Management. You will take ownership of large/key accounts and clients including negotiation of participation, pricing and terms and conditions.

Some Of Your Specific Responsibilities Could Include

• Underwrite profitable new and renewal business to meet Allianz Commercial Property targets in accordance with underwriting guidelines and underwriting authority
• Negotiate price and terms and conditions
• Training and development of team and referral point for senior underwriters
• Develop and maintain strong relationships with producers and clients in partnership with Market Management
• Ownership of large / key accounts and clients including negotiation of participation, pricing and terms and conditions

Underwriting Strategy & Leadership

• Contribute to development and execution of regional Underwriting strategy for Allianz Commercial Property regionally
• Training, developing and coaching of experienced staff (including Senior Underwriters)
• Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
• Delegate work as appropriate

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. Underwrite International Insurance Programs (for relevant Allianz Commercial Propertys)

Relationship Management

• Positively represent AGCS 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)

Policy Documentation and Administration

• Ensure accurate policy documentation issued to producers (where AGCS 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

Support Key Business Initiatives/Misc.

• Participate / contribute to key projects
• Training and development of underwriters in Allianz Commercial Property, e.g. Associate Underwriters and Underwriters
• Referral point for other underwriters
• Participate in cross regional activities as required / requested

What You’ll Bring To The Role

• Proven track record in Underwriting profitable business in Allianz Commercial Property with greater than 7 years environmental experience
• Preferably degree in Economics, Finance, Insurance Mgmt, or Business Administration
• In depth understanding of Property products and portfolio
• In depth understanding of regional / local Allianz Commercial Property (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 Allianz Commercial Property
• 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…