Senior Construction Underwriter

Area of Expertise:

Underwriting

Unit:

Allianz Commercial

Employing Entity:

Allianz Global Risks US Insurance Company

Job Type:

Full-Time

Remote Job:

Remote working

Employment Type:

Permanent

ID:

63696

Non-Executive

Let’s care for 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 buildings, cyber-attacks, or climate change impacts, AzC has the major risks covered when it comes to protecting businesses.

We are looking for a Senior Construction Underwriter for our Inland Marine team. We need an underwriter with experience in Construction, Transportation, and low/medium hazard Property risks. The ideal candidate for this role is one who is skilled in underwriting builder's risk, contractor's equipment, annual programs, master builder's risk, motor truck cargo, APD, railroad rolling stock, warehouse legal, renewable property, and low complexity property accounts. This role is remote for individuals in Canada.

Your Team

AzC Canada has been a strong player in the insurance market for many years. Today, we have a growing workforce – over 100 people strong - and an expanding book of business. We are a trusted industrial insurer for many of the major companies in Canada, backed by the strong capital and capacity you would expect from the Allianz Group.

Our marine insurance solutions include risk control program development and implementation, crew and operator safety training, and vessel, condition, and loss-prevention surveys. We work with a wide range of marine clients from across the globe, from logistics and multimodal transport operators to marina operators, vessel charters and shipbuilders.

Our Ocean/Cargo, Transportation, and Construction Insurance solutions cover over 100 classes of business, covering all aspects of moving or movable property. Whether it's a building under construction or a shipment of an original Picasso, our inland marine insurance underwriters provide flexible and creative solutions for the most challenging of inland marine exposures.

The Impact You Will Have

Reporting to the Head of Marine - Canada, this position will take prime responsibility for underwriting profitable new and renewal business to meet the Inland Marine line of business 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.

Some of your specific responsibilities could include:

• Support development and execution of regional Underwriting strategy for LoB(s) and 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).

What You’ll Bring to the Role –

• 5-10 years’ proven track record in Underwriting profitable construction, transportation, inland marine, and low/medium hazard property risks.
• 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.

The annualized base pay range for this role is $88,219 to $151,232. The actual salary for this position may be above and will be determined by several 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.

What’s in it for you?

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

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 Commercial (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.

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.