At a Glance
- Tasks: Underwrite complex inland marine products and build strong relationships with clients.
- Company: Join Allianz Commercial, a leader in marine insurance with a commitment to inclusivity.
- Benefits: Enjoy competitive pay, bonuses, flexible working, and comprehensive health benefits.
- Other info: Opportunities for career growth and professional development in a supportive environment.
- Why this job: Make an impact in a dynamic role while working remotely from California, Washington, or Oregon.
- Qualifications: 7+ years in underwriting with expertise in inland marine products required.
This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. We are looking for an Executive Underwriter for our Inland Marine line of business who is experienced in underwriting large complex inland marine products such as construction, transportation, miscellaneous coverages, and property (i.e., builder's risk, contractor's equipment, motortruck cargo, physical damage, mono line property for small to medium risks, and scheduled property floaters). This role will be remote, but candidates must physically reside in California, Washington, or Oregon to service area brokers and clients.
Your Team Allianz Commercial (AzC) is one of the largest marine insurers in the world and is a leader in inland marine insurance and related property coverage across North America and various worldwide locations. With a depth and breadth of marine capabilities that are unmatched in the industry, Allianz offers a broad portfolio of highly customizable products and an almost unlimited appetite for complex marine accounts that demand innovative solutions.
Our Inland Marine and Related Property 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 Senior Underwriting Team Leader Southwest, this position will underwrite profitable new and renewal business to meet the inland marine line of business targets in accordance with underwriting guidelines and underwriting authority. Responsibilities include:
- Negotiate price, and terms and conditions.
- Own accounts/clients.
- Develop and maintain strong relationships with producers and clients in partnership with Market Management.
- Participate in the development and execution of regional Underwriting strategy for LoB(s).
- Work closely with Market Management, Claims, and other product lines to achieve key marketing strategies, including cross-selling.
- Underwrite new and renewal accounts to meet top and bottom-line targets.
- Proactively manage capacity.
- Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LOBs).
- Underwrite International Insurance Programs (for relevant LOBs).
- Positively represent AzC externally to the market.
- Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations.
- 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.
- Participate / contribute to key projects.
- Training and development of underwriters in Lob, 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
- A minimum 7 years' proven track record in underwriting profitable inland marine business.
- In depth understanding of its products and portfolio.
- In depth understanding of regional/local LoB insurance markets and competitor landscape.
- Demonstrable, established relationships with brokers at peer group level and established within local market.
- Ideal candidate will have worked as an underwriter or account executive and be well versed in multiple inland marine products.
- Preferably a bachelor's degree in Risk Management, Insurance, Business Administration, Finance or Economics.
- Completion of a professional insurance qualification.
- 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.
- 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
Executive Underwriter - Inland Marine in Falkirk employer: Allianz Commercial
Allianz Commercial is an exceptional employer that prioritises inclusivity and employee well-being, offering a hybrid working model that balances remote and in-person collaboration. With a strong commitment to professional development, employees benefit from comprehensive training programmes and opportunities for international career mobility, all while being part of a leading marine insurer known for its innovative solutions and supportive work culture. Located in the vibrant regions of California, Washington, and Oregon, Allianz fosters a dynamic environment where employees can thrive both personally and professionally.
StudySmarter Expert Advice🤫
We think this is how you could land Executive Underwriter - Inland Marine in Falkirk
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who are already working at Allianz or similar companies. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of inland marine products. Be ready to discuss your experience with construction, transportation, and other relevant coverages. Show us you know your stuff, and you'll stand out!
✨Tip Number 3
Practice your storytelling skills! When discussing your past experiences, frame them in a way that highlights your problem-solving abilities and how you've successfully managed complex underwriting situations. We love a good story!
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining Allianz and being part of our inclusive team.
We think you need these skills to ace Executive Underwriter - Inland Marine in Falkirk
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Executive Underwriter role. Highlight your experience with inland marine products and any relevant relationships you've built in the industry. We want to see how you fit into our team!
Showcase Your Skills:Don’t just list your qualifications; demonstrate how your skills align with the job description. Talk about your experience in underwriting complex risks and how you've successfully managed client relationships. This is your chance to shine!
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language to express your ideas and avoid jargon unless it's industry-specific. We appreciate clarity and want to understand your story without any fluff.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining our team at Allianz Commercial!
How to prepare for a job interview at Allianz Commercial
✨Know Your Stuff
Make sure you have a solid understanding of inland marine products, especially the ones mentioned in the job description. Brush up on builder's risk, contractor's equipment, and motortruck cargo. Being able to discuss these topics confidently will show that you're serious about the role.
✨Build Relationships
Since this role involves developing strong relationships with producers and clients, think about how you can demonstrate your relationship-building skills. Prepare examples from your past experiences where you've successfully managed client relationships or negotiated terms.
✨Showcase Your Analytical Skills
Be ready to discuss how you analyse complex data and assess risks. Bring examples of how you've used data to inform your underwriting decisions or developed strategies based on market trends. This will highlight your analytical prowess, which is crucial for this position.
✨Embrace AI Tools
The job mentions the use of AI tools to improve efficiency. Familiarise yourself with any relevant AI applications in underwriting or insurance. If you can share how you've used technology to enhance your work processes, it will set you apart as a forward-thinking candidate.