Sr Commercial Underwriter, Specialty Credit - New York City

Job Purpose / Role

Allianz Trade (AZT), Specialty Credit (SC) has an exciting opportunity for a Senior Commercial Underwriter to join our growing team in New York City. The role requires extensive experience in the US Credit and Political Risk Insurance (CPRI) market and/or relevant banking experience; as well as a desire to work in a fast-paced and rewarding culture.

New York City

• Originate, negotiate and execute CPRI transactions by liaising with brokers and clients;
• Select opportunities based on AZT/SC underwriting criteria and manage the commercial underwriting process, in coordination with our credit analyst team;
• Analyze domestic and international risks by evaluating financial information to recommend appropriate credit limits and terms;
• Support SC Regional Head in strengthening and developing SC in the US market, including through the introduction of new products and new clients;
• Drive meaningful growth, long-term quality and profitability for the portfolio;
• Maintaining and properly servicing an existing portfolio of trade credit insurance business;
• Represent AZT/SC in all relevant external meetings, conferences and events in the US.

• Relevant experience in the Credit and Political Risk Insurance market and/or banking sector (min. 5-8+ years) including:
• In-depth knowledge of credit insurance structures (single-buyer, portfolios, and medium-term contracts) and banking products (supply chain finance, term loans, revolving credit facilities, and project finance).
• Ability to negotiate high-profile transactions, including pricing and strong working knowledge of market wordings.
• An established network with Credit and Political Risk Insurance brokers.
• Strong organizational / communication skills and efficient work practices.
• Interpersonal skills and ability to work well within a team and cultivate relationships with brokers & clients.
• Bachelor's degree in business or finance preferred.
• Looking for candidates that possess a basic awareness of Artificial Intelligence technologies and are enthusiastic about learning and integrating AI into everyday business processes.
• (Generative) Artificial Intelligence or GenAI or AI
• Data Analysis
• (Microsoft) Copilot
• ChatGPT

$180,000 - $200,000

We value your goals and needs, at work and in life. As an associate, you'll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.

• Competitive compensation
• Annual bonus eligibility and/or commission structure opportunities
• 401(k) discretionary match of up to 6%
• Flexible work schedules
• Health and wellness benefits
• Paid time off for vacation, illness, Birthday Day Off and Volunteer Day Off
• Tuition Reimbursement
• Family care resources, including fertility and adoption benefits

Learn More About Our Benefits Here

103024 | Underwriting | Professional | Non-Executive | Allianz Trade | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.